General Dynamics (NYSE:GD – Get Free Report) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share guidance of 14.750-14.850 for the period, compared to the consensus earnings per share estimate of 13.700. The company issued revenue guidance of $50.3 billion-$50.3 billion, compared to the consensus revenue estimate of $47.3 billion.
Analysts Set New Price Targets
Several analysts have weighed in on the stock. Robert W. Baird reiterated a “neutral” rating and set a $283.00 target price (down previously from $345.00) on shares of General Dynamics in a research note on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of General Dynamics from $303.00 to $295.00 and set a “hold” rating for the company in a research note on Thursday, January 2nd. Seaport Res Ptn lowered shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 11th. JPMorgan Chase & Co. lowered their target price on shares of General Dynamics from $307.00 to $284.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, Barclays reduced their price target on shares of General Dynamics from $330.00 to $305.00 and set an “overweight” rating for the company in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $301.24.
View Our Latest Report on General Dynamics
General Dynamics Price Performance
General Dynamics (NYSE:GD – Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The aerospace company reported $4.15 earnings per share for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.14). General Dynamics had a net margin of 7.93% and a return on equity of 17.08%. As a group, analysts expect that General Dynamics will post 15.92 earnings per share for the current fiscal year.
General Dynamics Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 17th will be issued a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date is Friday, January 17th. General Dynamics’s payout ratio is 41.64%.
General Dynamics announced that its board has initiated a stock buyback program on Wednesday, December 4th that authorizes the company to buyback 10,000,000 outstanding shares. This buyback authorization authorizes the aerospace company to buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.
Insiders Place Their Bets
In other General Dynamics news, VP Christopher J. Brady sold 5,540 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $280.91, for a total transaction of $1,556,241.40. Following the sale, the vice president now owns 20,296 shares in the company, valued at approximately $5,701,349.36. The trade was a 21.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.52% of the company’s stock.
About General Dynamics
General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment produces and sells business jets; and offers aircraft maintenance and repair, management, aircraft-on-ground support and completion, charter, staffing, and fixed-base operator services.
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