About General Electric (NYSE:GE)
General Electric Company operates as a digital industrial company worldwide. It operates through Power, Renewable Energy, Oil & Gas, Aviation, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, engines, generators, and high voltage equipment; and power generation services and digital solutions. The Renewable Energy segment provides wind turbine platforms, and hardware and software; offshore wind turbines; solutions, products, and services to hydropower industry; and blades for onshore and offshore wind turbines. The Oil & Gas segment offers oilfield services, oilfield equipment, turbomachinery and process solutions, and digital solutions. The Aviation segment provides jet engines and turboprops; maintenance, component repair, and overhaul services, as well as replacement parts; and additive machines, materials, and engineering services. The Healthcare segment offers diagnostic imaging and clinical systems; products, services, and manufacturing solutions for drug discovery, the biopharmaceutical industry, and cellular and gene therapy technologies; and medical technologies, software, analytics, cloud solutions, and implementation and services. The Transportation segment provides freight and passenger locomotives, and rail and support advisory services; parts, integrated software solutions, and data analytics; software-enabled solutions; mining equipment and services; and marine diesel and stationary power diesel engines and motors, as well as overhaul, repair and upgrade, and wreck repair services. The Lighting segment offers light emitting diode products; and energy efficiency and productivity solutions. The Capital segment provides industrial and energy financial services; and commercial aircraft leasing, financing, and consulting services. General Electric Company was founded in 1892 and is headquartered in Boston, Massachusetts.
Industry, Sector and Symbol
Industry Electronic, electrical equipment & components, except computer equipment
Sub-IndustryIndustrial Conglomerates
SectorMulti-Sector Conglomerates
SymbolNYSE:GE
CUSIP36960410
Phone617-443-3000
Debt
Debt-to-Equity Ratio1.44
Current Ratio1.76
Quick Ratio1.48
Price-To-Earnings
Trailing P/E Ratio12.57
Forward P/E Ratio13.89
P/E Growth2.55
Sales & Book Value
Annual Sales$122.09 billion
Price / Sales0.94
Cash Flow$1.6815 per share
Price / Cash7.85
Book Value$9.45 per share
Price / Book1.40
Profitability
EPS (Most Recent Fiscal Year)$1.05
Net Income$-5,786,000,000.00
Net Margins-6.16%
Return on Equity11.22%
Return on Assets2.48%
Miscellaneous
Employees313,000
Outstanding Shares8,682,580,000
General Electric (NYSE:GE) Frequently Asked Questions
What is General Electric's stock symbol?
General Electric trades on the New York Stock Exchange (NYSE) under the ticker symbol "GE."
How often does General Electric pay dividends? What is the dividend yield for General Electric?
General Electric announced a quarterly dividend on Friday, June 8th. Investors of record on Monday, June 18th will be given a dividend of $0.12 per share on Wednesday, July 25th. This represents a $0.48 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend is Friday, June 15th. View General Electric's Dividend History.
How were General Electric's earnings last quarter?
General Electric (NYSE:GE) posted its quarterly earnings results on Friday, April, 20th. The conglomerate reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.05. The conglomerate earned $28.66 billion during the quarter, compared to analyst estimates of $27.26 billion. General Electric had a negative net margin of 6.16% and a positive return on equity of 11.22%. General Electric's revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.14 EPS. View General Electric's Earnings History.
When is General Electric's next earnings date?
What guidance has General Electric issued on next quarter's earnings?
General Electric issued an update on its FY18 earnings guidance on Friday, April, 20th. The company provided EPS guidance of $1.00-1.07 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.95.
What price target have analysts set for GE?
21 brokerages have issued 12 month price objectives for General Electric's shares. Their forecasts range from $11.00 to $27.00. On average, they anticipate General Electric's stock price to reach $17.6765 in the next twelve months. View Analyst Ratings for General Electric.
What are Wall Street analysts saying about General Electric stock?
Here are some recent quotes from research analysts about General Electric stock:
- 1. According to Zacks Investment Research, "General Electric’s first-quarter 2018 earnings trumped the Zacks Consensus Estimate by 45.5%. The impressive performance can primarily be attributed to Aviation and Healthcare businesses’ strong operational results. Also, the company’s stringent cost-cutting initiatives drove profits. Moving ahead, the company is expected to benefit from growth in emerging markets like India and China. Furthermore, General Electric’s strong free cash flow allows it to invest in product innovations, acquisitions and business development, which auger well on a long-term perspective. However, GE Power has been a significant drag on the company’s margins, due to lower demand of turbines. Also, General Electric has underperformed the industry in the last three months on macroeconomic challenges. Earlier, the company had also halved its dividend to 12 cents per share — the first dividend cut since 2009 at the peak of the recession." (4/25/2018)
- 2. Cowen Inc analysts commented, "We concede that C17-18 FCF is below normal", but caution that the C19+ FCF." (11/8/2017)
- 3. JPMorgan Chase & Co. analysts commented, "as open and undefined as it's been in decades."Jeffrey Immelt's announcement in early June that he will be stepping down as CEO was "unexpectedly early" and Steve Bolze's decision to step down as head of GE Power signals the unit's "fundamentals are weaker than expected." In the meantime, GE is expected to post a "relatively weak" second quarter on rolling free cash flow that won't be enough to dispel related concerns and may result in operating cuts.So Now What?Moving forward, GE's new management team led by its CEO John Flannery will need to control the narrative on four different fronts and set a new agenda regarding:Earnings per share and free cash flow outlook.Potential restructuring.Capital allocation.Portfolio priorities.These four categories will measure GE's "true level of change" (7/6/2017)
Are investors shorting General Electric?
General Electric saw a increase in short interest during the month of May. As of May 31st, there was short interest totalling 146,492,546 shares, an increase of 5.5% from the May 15th total of 138,843,622 shares. Based on an average daily volume of 69,957,486 shares, the days-to-cover ratio is currently 2.1 days. Approximately 1.7% of the shares of the stock are short sold.
Who are some of General Electric's key competitors?
Some companies that are related to General Electric include 3M (MMM), Honeywell (HON), United Technologies (UTX), Danaher (DHR), MITSUBISHI Corp/S (MSBHY), CK HUTCHISON HO/ADR (CKHUY), Hitachi (HTHIY), SUMITOMO Corp/S (SSUMY), China Resources Beer Holdings CoLtd (CRHKY), MARUBENI Corp/ADR (MARUY), Icahn Enterprises LP Common Stock (IEP), Koninklijke KPN (KKPNF), Bunzl (BZLFY), Orkla ASA (ORKLY) and Leucadia National (LUK).
Who are General Electric's key executives?
General Electric's management team includes the folowing people:
- Mr. John L. Flannery, Chairman & CEO (Age 57)
- Ms. Jamie S. Miller, Sr. VP & CFO (Age 49)
- Mr. David Leon Joyce, Vice Chair (Age 61)
- Mr. Aris Kekedjian, Head of Corp. Devel. & Chief Investment Officer (Age 51)
- Ms. Jan R. Hauser, VP, Controller & Chief Accounting Officer (Age 59)
Has General Electric been receiving favorable news coverage?
News articles about GE stock have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies positive and negative press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. General Electric earned a daily sentiment score of 0.01 on Accern's scale. They also assigned news articles about the conglomerate an impact score of 44.86 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next few days.
Who are General Electric's major shareholders?
General Electric's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Franklin Resources Inc. (2.36%), Northern Trust Corp (1.20%), The Manufacturers Life Insurance Company (1.04%), Barrow Hanley Mewhinney & Strauss LLC (0.86%), Legal & General Group Plc (0.47%) and Schwab Charles Investment Management Inc. (0.40%). Company insiders that own General Electric stock include Alexander Dimitrief, David Leon Joyce, Electric Co General, Elizabeth J Comstock, Francisco Dsouza, James E Rohr, James S Tisch, Jeffrey R Immelt, Jeffrey S Bornstein, John Leonard Flannery, Marijn E Dekkers, Steven M Mollenkopf and William G Beattie. View Institutional Ownership Trends for General Electric.
Which institutional investors are selling General Electric stock?
GE stock was sold by a variety of institutional investors in the last quarter, including OppenheimerFunds Inc., Thornburg Investment Management Inc., Northern Trust Corp, Swiss National Bank, PNC Financial Services Group Inc., Prudential Financial Inc., Legal & General Group Plc and American Century Companies Inc.. Company insiders that have sold General Electric company stock in the last year include Electric Co General and Elizabeth J Comstock. View Insider Buying and Selling for General Electric.
Which institutional investors are buying General Electric stock?
GE stock was acquired by a variety of institutional investors in the last quarter, including The Manufacturers Life Insurance Company , Franklin Resources Inc., Barrow Hanley Mewhinney & Strauss LLC, Commerzbank Aktiengesellschaft FI, Levin Capital Strategies L.P., Kiltearn Partners LLP, Russell Investments Group Ltd. and Pzena Investment Management LLC. Company insiders that have bought General Electric stock in the last two years include Alexander Dimitrief, Francisco Dsouza, James E Rohr, James S Tisch, Jeffrey R Immelt, Jeffrey S Bornstein, John Leonard Flannery, Marijn E Dekkers, Steven M Mollenkopf and William G Beattie. View Insider Buying and Selling for General Electric.
How do I buy shares of General Electric?
Shares of GE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is General Electric's stock price today?
One share of GE stock can currently be purchased for approximately $13.20.
How big of a company is General Electric?
General Electric has a market capitalization of $115.48 billion and generates $122.09 billion in revenue each year. The conglomerate earns $-5,786,000,000.00 in net income (profit) each year or $1.05 on an earnings per share basis. General Electric employs 313,000 workers across the globe.
How can I contact General Electric?
General Electric's mailing address is 41 FARNSWORTH STREET, BOSTON MA, 02210. The conglomerate can be reached via phone at 617-443-3000 or via email at [email protected]
MarketBeat Community Rating for General Electric (GE)
MarketBeat's community ratings are surveys of what our community members think about General Electric and other stocks. Vote "Outperform" if you believe GE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe GE will underperform the S&P 500 over the long term. You may vote once every thirty days.
