EPS for General Electric Company (GE) Expected At $0.22

September 16, 2018 - By Jason Dias

General Electric Company (NYSE:GE) LogoInvestors sentiment increased to 0.59 in Q2 2018. Its up 0.04, from 0.55 in 2018Q1. It improved, as 95 investors sold General Electric Company shares while 758 reduced holdings. 122 funds opened positions while 381 raised stakes. 4.51 billion shares or 0.71% less from 4.54 billion shares in 2018Q1 were reported.
Financial Engines Advisors holds 0% in General Electric Company (NYSE:GE) or 222 shares. 362,760 were reported by Allen Inv. House Ltd Limited Liability Company stated it has 11,810 shares or 0.02% of all its holdings. Amer National Company Tx holds 0.55% or 810,375 shares. M Secs accumulated 199,582 shares. 609,669 were reported by Heritage Investors Management Corporation. 155,513 were reported by Goelzer Inv Mngmt. Stelac Advisory Svcs Lc, a New York-based fund reported 62,076 shares. Westwood Mgmt Corp Il reported 0.02% in General Electric Company (NYSE:GE). Sumitomo Life Insurance accumulated 229,446 shares or 0.38% of the stock. Boyar Asset Mgmt reported 0.22% of its portfolio in General Electric Company (NYSE:GE). 182,044 are held by Bontempo Ohly Ltd Limited Liability Company. Copeland Mgmt Ltd Liability Company holds 38,598 shares or 0.03% of its portfolio. Cadence Comml Bank Na has 0.54% invested in General Electric Company (NYSE:GE). Commercial Bank Of Nova Scotia accumulated 19,328 shares.

Since July 24, 2018, it had 1 buy, and 0 sales for $2.49 million activity.

Analysts expect General Electric Company (NYSE:GE) to report $0.22 EPS on October, 19.They anticipate $0.07 EPS change or 24.14 % from last quarter’s $0.29 EPS. GE’s profit would be $1.91B giving it 14.41 P/E if the $0.22 EPS is correct. After having $0.19 EPS previously, General Electric Company’s analysts see 15.79 % EPS growth. The stock increased 0.71% or $0.09 during the last trading session, reaching $12.68. About 69.97M shares traded or 17.53% up from the average. General Electric Company (NYSE:GE) has declined 47.26% since September 16, 2017 and is downtrending. It has underperformed by 62.88% the S&P500.

General Electric Company (NYSE:GE) Ratings Coverage

Among 13 analysts covering General Electric (NYSE:GE), 2 have Buy rating, 2 Sell and 9 Hold. Therefore 15% are positive. General Electric had 17 analyst reports since March 28, 2018 according to SRatingsIntel. The stock has “Hold” rating by RBC Capital Markets on Monday, April 23. The stock has “Hold” rating by Stifel Nicolaus on Friday, April 27. The rating was downgraded by DZ Bank to “Sell” on Wednesday, March 28. The stock of General Electric Company (NYSE:GE) has “Neutral” rating given on Wednesday, September 5 by UBS. J.P. Morgan maintained General Electric Company (NYSE:GE) on Monday, April 9 with “Sell” rating. The company was maintained on Wednesday, April 11 by Cowen & Co. On Tuesday, June 26 the stock rating was upgraded by Oppenheimer to “Hold”. Deutsche Bank maintained it with “Hold” rating and $15 target in Thursday, July 12 report. On Friday, July 27 the stock rating was maintained by Bank of America with “Neutral”. The firm has “Sell” rating by J.P. Morgan given on Wednesday, May 30.

General Electric Company operates as an infrastructure and technology firm worldwide. The company has market cap of $110.20 billion. The Company’s Power segment offers gas and steam power systems; maintenance, service, and upgrade solutions; distributed power gas engines; water treatment, wastewater treatment, and process system solutions; and nuclear reactors, fuels, and support services. It currently has negative earnings. The companyÂ’s Renewable Energy segment provides wind turbine platforms, and hardware and software; onshore and offshore wind turbines; and solutions, products, and services to hydropower industry.

More notable recent General Electric Company (NYSE:GE) news were published by: Seekingalpha.com which released: “General Electric: What Is Causing These Declines?” on August 27, 2018, also Seekingalpha.com with their article: “Is Now The Time To Buy General Electric?” published on September 04, 2018, 247Wallst.com published: “More Bad News Ahead for General Electric” on September 14, 2018. More interesting news about General Electric Company (NYSE:GE) were released by: Seekingalpha.com and their article: “GE sells aircraft part maker for $630M” published on September 13, 2018 as well as Fool.com‘s news article titled: “Is Baker Hughes, a GE Company a Buy?” with publication date: September 12, 2018.

General Electric Company (NYSE:GE) Institutional Positions Chart

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