Analysts Anticipate General Electric (GE) Will Announce Quarterly Sales of $27.90 Billion

Jeannie Matthews
March 15, 2018

Daiwa Securities Group Inc bought 9,629 shares as the company's stock rose 4.26% with the market. The Bainco International Investors holds 184,102 shares with $4.45M value, down from 268,088 last quarter. General Elec Co. now has $124.47 billion valuation. The stock decreased 0.62% or $0.3 during the last trading session, reaching $48.35. About 61,474 shares traded. It has underperformed by 21.16% the S&P500.

Richard C Young & Company, which manages about $977.77 million and $528.35M US Long portfolio, upped its stake in Fidelity (FHLC) by 17,122 shares to 715,946 shares, valued at $28.29M in 2017Q3, according to the filing. About 10.60 million shares traded. Market capitalization used by the investment community in ranking the size of companies, as against to sales or total asset figures. The stock decreased 1.52% or $0.845 during the last trading session, reaching $54.605. Employees Retirement Systems Of Texas owns 157,000 shares. Walmart Inc. (NYSE:WMT) has risen 13.83% since March 14, 2017 and is uptrending.

Capital Advisors Inc decreased Citigroup Inc (C) stake by 39.06% reported in 2017Q3 SEC filing.

Since September 20, 2017, it had 0 insider purchases, and 4 insider sales for $1.50 million activity. Shares for $542,920 were sold by Gerspach John C on Tuesday, February 27. (NYSE:C), 19 have Buy rating, 3 Sell and 18 Hold. Therefore 20% are positive. General Electric Company had 94 analyst reports since July 21, 2015 according to SRatingsIntel. On Tuesday, March 6 the stock rating was maintained by RBC Capital Markets with "Hold". CFRA maintained the stock with "Hold" rating in Wednesday, January 24 report. (NYSE:TEN) has "Outperform" rating given on Monday, October 26 by RBC Capital Markets. Birmingham Capital Mgmt Commerce Al holds 278,851 shares or 2.68% of its portfolio. Deutsche Bank maintained the shares of GE in report on Tuesday, August 25 with "Hold" rating. The firm has "Neutral" rating by Goldman Sachs given on Wednesday, August 12. Mgmt Professionals has 2 shares.

The company has a quick ratio of 0.33, a current ratio of 0.50 and a debt-to-equity ratio of 1.05. Its down 0.10, from 0.79 in 2017Q2. 92 funds opened positions while 328 raised stakes. Etrade Management Llc invested in 0.02% or 24,909 shares. Estabrook Capital invested 0.05% in McDonald's Corporation (NYSE:MCD). (NYSE:TEN). Koch Industries invested 0.1% of its portfolio in Tenneco Inc. (NYSE:TEN) for 37,080 shares. Wetherby Asset Mngmt owns 4,706 shares for 0.08% of their portfolio. Chevy Chase Trust, a Maryland-based fund reported 11 shares. Citizens Northern stated it has 85,043 shares. Godshalk Welsh Capital Management holds 1.33% of its portfolio in General Electric Company (NYSE:GE) for 54,700 shares. Janney Management accumulated 33,811 shares. (NYSE:BR) for 31,100 shares. Segall Bryant Hamill Limited Liability Corporation invested 0.24% in McDonald's Corporation (NYSE:MCD). (NYSE:TEN) for 50 shares.

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In recent trading day General Electric Company (GE) stock showed the move of 1.07% with the closing price of $15.10. To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road. GE's profit will be $1.04 billion for 29.88 P/E if the $0.12 EPS becomes a reality. Company fiscal year is ending in December and analysts' consensus recommendation is Hold for GE and estimated EPS for next quarter is 0.12. The high and low revenue estimates for the current quarter are $28.95 Billion and $26.17 Billion, respectively. Jefferies maintained El Paso Electric Company (NYSE:EE) on Friday, October 6 with "Hold" rating. Stifel Nicolaus maintained the shares of GE in report on Monday, October 19 with "Buy" rating.

General Electric Company (NYSE:GE) last year eliminated bonuses for its senior managers for the first time in its 126-year history, saving millions of dollars after losing money in 2017, the industrial conglomerate said. The firm has "Neutral" rating given on Monday, October 23 by UBS. The firm earned "Hold" rating on Monday, July 17 by Oppenheimer. The firm has "Buy" rating by SunTrust given on Tuesday, January 30. Langenberg upgraded it to "Buy" rating and $25 target in Monday, November 13 report. Lowe Brockenbrough And Incorporated holds 1.42% of its portfolio in General Electric Company (NYSE:GE) for 383,787 shares.

Investors sentiment increased to 1.27 in Q3 2017. Its up 0.11, from 0.77 in 2017Q2. It worsened, as 112 investors sold GE shares while 818 reduced holdings.

Institutional investors and hedge funds have recently made changes to their positions in the stock.

Tower Bridge owns 1.66% invested in General Electric Company (NYSE:GE) for 603,993 shares. Carlton Hofferkamp & Jenks Wealth Mngmt reported 83,309 shares. Following the transaction, the insider now directly owns 81,185 shares of the company's stock, valued at approximately $1,311,949.60. Jane Street Grp Ltd Liability Co accumulated 0.47% or 5.99 million shares. Textron Inc. (NYSE:TXT) was reduced too. Gemmer Asset Mgmt Limited Co reported 208 shares or 0% of all its holdings. Its segments include Power, which includes products and services related to energy production; Renewable Energy, which offers renewable power sources; Oil & Gas, including liquefied natural gas and pipelines; Aviation, which includes commercial and military aircraft engines, and integrated digital components, among others; Healthcare, which provides healthcare technologies in medical imaging, digital solutions, patient monitoring and diagnostics, and drug discovery, among others; Transportation, which is a supplier to the railroad, mining, marine, stationary power and drilling industries; Energy Connections & Lighting, which includes Energy Connections and Lighting businesses, and Capital, which is a financial services division. Counsel Limited New York has 16,190 shares for 0.03% of their portfolio. Corporate insiders own 0.36% of the company's stock.

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