General Electric Company Company Profile (NYSE:GE)

General Electric Company trades on the New York Stock Exchange (NYSE) under the ticker symbol "GE."

General Electric Company declared a quarterly dividend on Friday, June 9th. Stockholders of record on Monday, June 19th will be given a dividend of $0.24 per share on Tuesday, July 25th. This represents a $0.96 annualized dividend and a dividend yield of 3.75%. The ex-dividend date of this dividend is Thursday, June 15th. View General Electric Company's Dividend History.

General Electric Company (NYSE:GE) issued its earnings results on Friday, July, 21st. The company reported $0.28 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.25 by $0.03. The business earned $29.56 billion during the quarter, compared to analyst estimates of $29.07 billion. General Electric Company had a return on equity of 14.60% and a net margin of 6.45%. The firm's revenue for the quarter was down 11.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.51 EPS. View General Electric Company's Earnings History.

General Electric Company is scheduled to release their next quarterly earnings announcement on Friday, October, 20th 2017. View Earnings Estimates for General Electric Company.

General Electric Company issued an update on its FY17 earnings guidance on Friday, July, 21st. The company provided EPS guidance of $1.60-1.70 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.62.

19 brokers have issued 1-year target prices for General Electric Company's shares. Their forecasts range from $22.00 to $38.00. On average, they expect General Electric Company's stock price to reach $30.00 in the next twelve months. View Analyst Ratings for General Electric Company.

Here are some recent quotes from research analysts about General Electric Company stock:

• 1. Cowen and Company analysts commented, "Q2 EPS were a $0.03 headline beat, from non-operating pluses (tax; restructuring; corporate costs), with very soft Industrial FCF that now requires a huge H2 to hit." (7/17/2017)
• 2. J P Morgan 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)
• 3. According to Zacks Investment Research, "Although General Electric is taking prudent steps to limit its financial exposure by divesting GE Capital assets, it is still susceptible to various market risks. Furthermore, for a company as large as General Electric, the additional revenues needed for growth are quite large, posing a challenge in developing businesses on such a vast scale. Significant order backlog, high operating risks related to the Brexit referendum and foreign currency volatility remain other headwinds. Volatility in oil prices has affected profitability and has undermined its growth potential to some extent. The company has also underperformed the industry in the last three months on macroeconomic woes. However, General Electric has more or less completed its GE Capital exit plan about one year ahead of the schedule and has replaced the CEO to fuel its growth engine. The company has also inked an agreement with the Department of Justice for closing the Baker Hughes deal." (6/21/2017)
• 4. Royal Bank Of Canada analysts commented, "Outperform-rated GE will host an analyst meeting on its Power (21% of revenues) and Renewable Energy (7%) segments on Mar-8 in NYC. Key topics will likely include an update on the 4Q16 order pushouts, progress on the H-turbine launch and cost curve, and the Alstom integration. GE may also provide more specifics on the pending revenue recognition changes. Overall, we're not expecting any stockmoving news." (3/6/2017)
• 5. UBS AG analysts commented, "Industrial revenues were ~5% below our estimate for 4Q and industrial operating profit missed our estimate by $0.03. Industrial operating margin ex-Alstom of 17.3% missed our estimate by 230bps. Power and Renewables margins were down 150bps and 160 bps, respectively, vs. our estimates for y/y improvement. In Power, H turbine and BOP mix were factors as well as push-outs into 2017 while in renewables NPI investment and pricing appear to be factors. As $300-$400M of 2016 H turbine headwind eases in Power and the new wind turbines get volume leverage in Renewables, we expect margin improvement in these segments in 2017, but the finish to 2016 was disappointing and sets a lower base. GE continues to expect ~100bps of margin expansion in 2017 and 2018 with ~50bps from current cost actions and spending levelling on large programs (i.e. H turbine, LEAP, new wind turbines) and ~50bps from incremental cost actions including digitization, integration learnings, and additive." (1/23/2017)

General Electric Company saw a decline in short interest in July. As of July 14th, there was short interest totalling 95,396,350 shares, a decline of 6.6% from the June 30th total of 102,126,861 shares. Based on an average daily volume of 38,549,251 shares, the short-interest ratio is presently 2.5 days. Approximately 1.1% of the shares of the stock are sold short.

Some companies that are related to General Electric Company include 3M Company (MMM), Honeywell International (HON), United Technologies Corporation (UTX), Danaher Corporation (DHR), Hitachi (HTHIY), Sumitomo Corp. (SSUMY), Leucadia National Corporation (LUK), Swire Pacific (SWRAY), Carlisle Companies Incorporated (CSL), Macquarie Infrastructure Company (MIC), Crane Company (CR), ITT (ITT), Raven Industries (RAVN), Federal Signal Corporation (FSS), Lydall (LDL) and Lsb Industries (LXU).

General Electric Company's management team includes the folowing people:

• Jeffrey R. Immelt, Chairman of the Board
• Jeffrey S. Bornstein, Vice Chairman of the Board, Chief Financial Officer
• Elizabeth J. Comstock, Vice Chairman - Business Innovations
• David L. Joyce, Vice Chairman of General Electric Company,President & CEO, GE Aviation
• John G. Rice, Vice Chairman of General Electric Company, President & Chief Executive Officer - Global Growth & Operations
• Alexander Dimitrief, Senior Vice President, General Counsel, Secretary
• Susan P. Peters, Senior Vice President - Human Resources
• Jan R. Hauser, Chief Accounting Officer, Vice President, Controller
• John J. Brennan, Lead Independent Director
• Sebastien M. Bazin, Independent Director

General Electric Company's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Fisher Asset Management LLC (0.24%), APG Asset Management N.V. (0.20%), US Bancorp DE (0.13%), Bank of Montreal Can (0.12%), Acadian Asset Management LLC (0.10%) and Chevy Chase Trust Holdings Inc. (0.09%). Company insiders that own General Electric Company stock include Alexander Dimitrief, David Leon Joyce, James E Rohr, Jeffrey R Immelt, Jeffrey S Bornstein, Marijn E Dekkers and William G Beattie. View Institutional Ownership Trends for General Electric Company.

General Electric Company's stock was sold by a variety of institutional investors in the last quarter, including Acadian Asset Management LLC, Fisher Asset Management LLC, GW&K Investment Management LLC, Waverton Investment Management Ltd, NGAM Advisors L.P., Strs Ohio, Douglas Lane & Associates LLC and Moody Lynn & Lieberson LLC. View Insider Buying and Selling for General Electric Company.

General Electric Company's stock was acquired by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Mn Services Vermogensbeheer B.V., Hexavest Inc., Bank of Montreal Can, Confluence Investment Management LLC, National Pension Service, ING Groep NV and Swedbank. Company insiders that have bought General Electric Company stock in the last two years include Alexander Dimitrief, James E Rohr, Jeffrey R Immelt, Jeffrey S Bornstein, Marijn E Dekkers and William G Beattie. View Insider Buying and Selling for General Electric Company.

Shares of General Electric Company can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of General Electric Company stock can currently be purchased for approximately $25.59.