13.74 -0.01 (-0.07%)
Pre-market: 7:12AM EDT
|Bid||13.74 x 1000|
|Ask||13.75 x 1800|
|Day's range||13.70 - 13.81|
|52-week range||12.61 - 27.05|
|PE ratio (TTM)||N/A|
|Earnings date||20 Jul 2018|
|Forward dividend & yield||0.48 (3.57%)|
|1y target est||17.21|
Don’t be surprised if there are fewer fireworks than usual when General Electric Co. briefs investors on Friday. After one of the most turbulent and transformative quarters in GE’s history, investors are eager to see whether the changes underway can halt a slide that has wiped out about $114 billion of shareholder wealth in a year. Chief Executive Officer John Flannery has promised a renewed focus on execution while shrinking corporate operations, improving cash flow and making the portfolio smaller and less complex.
American multinational Proctor & Gamble (PG) recently announced its acquisition of beauty brand First Aid Beauty for a reported $250 million.
In this part, we’ll discuss analysts’ recommendations for General Electric (GE) and its peers. After the company update on June 26, analysts’ overall pessimistic approach towards General Electric decreased. Out of 17 analysts covering General Electric stock, four analysts (23.5%) recommended a “strong buy,” one analyst (5.9%) recommended a “buy,” ten analysts (58.8%) recommended a “hold,” one analyst recommended a “sell,” and one analyst recommended a “strong sell.”
Market speculations came to an end when General Electric (GE) announced the spin-off of its Healthcare segment. The company expects to unlock value by turning healthcare into a separate entity. The standalone, GE Healthcare is expected to bear ~$18.0 billion of the parent’s debt and pension obligations.
For the second quarter, analysts surveyed by Thomas Reuters estimate that General Electric (GE) will report revenues of $29.2 billion. In the same quarter in 2017, the company posted revenues of $29.5 billion, which translates into an estimated 1% decline YoY (year-over-year). For 2018, analysts expect General Electric to achieve $121.2 billion in revenues, which reflects a minor fall of 0.7% YoY.
General Electric (GE), a US industrial powerhouse, is scheduled to announce its second-quarter earnings on July 20 at 8:30 AM EST. The company will hold an earnings call to discuss the second-quarter results with investors and analysts on the same day. On June 26, General Electric announced a company level update, which met the market’s expectations. John Flannery, General Electric’s CEO, discussed his plan to get the company’s stock price back on track. The company’s announcement stopped wild speculations that included a divestiture to the spin-off of key segments.
General Electric (GE), which was booted from the Dow Jones Industrial Average last month after years of underperformance, has gained a vocal chorus of bulls who have praised its management and its plan to sell units and streamline its business. Add Gabelli's Justin Bergner voice to the choir. While skeptics may suggest the sum-of-the-parts value for GE is too high--citing interest expense increasing factors like industrial receivables through GE Capital and the intra-quarter "swelling of commercial paper"--Bergner still believes that GE can trade up to $20 by the year end of fiscal 2019.
General Electric's (GE) Aviation segment to gain from rise in air travel and air freight volumes while its Renewable Energy segment to benefit from unit order growth and cost savings actions.
Honeywell (HON) is set to announce its Q2 2018 earnings on July 20 before the market opens. It plans to hold a conference call at 9:30 AM EST that day. In this series, we’ll look at Honeywell stock since its first-quarter earnings and analysts’ revenue and EPS estimates and recommendations.
General Electric's (GE) second-quarter 2018 results are likely to gain from Aviation and Renewable Energy segments. Tough operating conditions for Power might be an issue.
General Electric Co.’s German workforce will be reduced by about a third as part of a plan to reduce the industrial conglomerate to a few key divisions. The number of employees in Germany will be reduced to about 7,000 from 10,000, a spokesman confirmed Tuesday, though those workers aren’t being fired and may merely start working for a different company. A report by German magazine Capital earlier Tuesday characterized the move as a headcount reduction.
One thing to notice about General Electric Co.’s beleaguered stock: it sure trades a lot. The industrial conglomerate has seen 80 million shares changing hands each day this year, double the level in 2017, data compiled by Bloomberg show. It’s poised to end Bank of America Corp.’s seven-year reign as the most popular company in the S&P 500 by average volume.
As a part of Microsoft’s (MSFT) ongoing digital transformation project, Microsoft and General Electric (GE) extended their partnership on July 16 to boost IoT (Internet of Things) features for customers. Microsoft will integrate its cloud features, which include Azure IoT, data, and analytics technology to GE’s Predix portfolio.
End-market demand has remained pretty healthy for industrial firms, but you wouldn't know it by the performance of the Industrial Select Sector SPDR ETF (XLI), which has fallen nearly 3% year to date, trailing the S&P 500's 4.8% gain. So what's the problem? Well, tariffs of course are front and center, as plenty of industrials appear squarely in the crosshairs of a trade war, despite analysts' attempts to soothe investors' nerves. William Blair's Nicholas Heymann adds his voice to that chorus.
The company's earnings probably declined significantly last quarter, but here's how investors can check up on the conglomerate's turnaround progress.
GE unveiled plans to restructure the organization of its businesses and cut corporate costs, with a leading industry figure on hand to help.
General Electric Co. said it remains unconvinced that demand for Boeing Co.’s potential midrange aircraft, nicknamed the 797, will be enough to justify developing a new engine for the jet. The U.S. turbine maker needs to do more work on the proposals, especially since Boeing has yet to decide whether to recruit an exclusive engine provider or involve two competing suppliers, GE Aviation chief David Joyce said Monday at the Farnborough air show. “We’re still wrestling with what the size of the market is,” Joyce said in a media briefing.
Carbon Holdings hopes to finalize financing for its $10.9 billion petrochemical plant by the end of the year, and expects to begin construction of what would be the Middle East’s largest such facility in the third quarter of 2019. The Tahrir Petrochemical Complex, which will be built in the Suez Canal Economic Zone, will be financed by equity and a $5.4 billion debt package, Mohamed Hassan, the company’s managing director for environment and sustainability, said in an interview. Carbon Holdings has been working on the plant’s financing for years, and is planning a dual listing on the Egyptian bourse and the London exchange in 2019.