$0.12 EPS Expected for General Electric Company (GE)
March 21, 2018 – By Peter Erickson
Investors sentiment decreased to 0.69 in 2017 Q3. Its down 0.10, from 0.79 in 2017Q2. It is negative, as 112 investors sold General Electric Company shares while 818 reduced holdings. 118 funds opened positions while 525 raised stakes. 4.70 billion shares or 1.82% more from 4.61 billion shares in 2017Q2 were reported.
Cibc World Mkts Inc reported 1.72 million shares. Gateway Advisory Ltd Limited Liability Company owns 51,041 shares or 0.37% of their US portfolio. 81,849 were accumulated by Coastline Tru Co. Janney Capital Management Lc holds 0.94% in General Electric Company (NYSE:GE) or 898,727 shares. Northstar Asset Mgmt Ltd owns 51,501 shares for 0.55% of their portfolio. Hillsdale Inv Inc stated it has 0% in General Electric Company (NYSE:GE). Stearns Fin Gp Incorporated reported 189,718 shares or 1.15% of all its holdings. Quadrant Management Limited Liability Co holds 1.39% or 77,782 shares in its portfolio. Huntington Steele Limited Company has 0.12% invested in General Electric Company (NYSE:GE) for 16,302 shares. Reynders Mcveigh Management Ltd Llc has 0.3% invested in General Electric Company (NYSE:GE) for 95,841 shares. 84,595 are owned by Greylin Mangement. New York-based Chesapeake Asset Management Limited has invested 1.1% in General Electric Company (NYSE:GE). Cypress Cap Grp Inc invested in 160,525 shares or 0.83% of the stock. Steinberg Global Asset Mngmt has 64,157 shares for 0.23% of their portfolio. The United Kingdom-based Ahl Partners Llp has invested 0.21% in General Electric Company (NYSE:GE).
Since January 26, 2018, it had 1 buy, and 0 insider sales for $43,446 activity.
Analysts expect General Electric Company (NYSE:GE) to report $0.12 EPS on April, 20.They anticipate $0.09 EPS change or 42.86 % from last quarter’s $0.21 EPS. GE’s profit would be $1.04B giving it 28.42 P/E if the $0.12 EPS is correct. After having $0.27 EPS previously, General Electric Company’s analysts see -55.56 % EPS growth. The stock decreased 3.06% or $0.43 during the last trading session, reaching $13.64. About 88.92M shares traded. General Electric Company (NYSE:GE) has declined 4.46% since March 21, 2017 and is downtrending. It has underperformed by 21.16% the S&P500.
General Electric Company (NYSE:GE) Ratings Coverage
Among 28 analysts covering General Electric Company (NYSE:GE), 8 have Buy rating, 5 Sell and 15 Hold. Therefore 29% are positive. General Electric Company had 94 analyst reports since July 21, 2015 according to SRatingsIntel. As per Tuesday, March 13, the company rating was maintained by JP Morgan. Cowen & Co maintained General Electric Company (NYSE:GE) on Monday, August 7 with “Hold” rating. The rating was maintained by Morgan Stanley on Monday, October 2 with “Equal-Weight”. Deutsche Bank maintained General Electric Company (NYSE:GE) rating on Monday, October 30. Deutsche Bank has “Sell” rating and $18.0 target. The rating was initiated by UBS with “Hold” on Tuesday, January 23. Morgan Stanley downgraded General Electric Company (NYSE:GE) on Monday, October 23 to “Underweight” rating. As per Friday, October 14, the company rating was maintained by UBS. The firm earned “Buy” rating on Monday, October 23 by Bank of America. The rating was initiated by Standpoint Research with “Sell” on Friday, July 22. RBC Capital Markets maintained the stock with “Outperform” rating in Monday, April 24 report.
General Electric Company operates as an infrastructure and technology firm worldwide. The company has market cap of $118.44 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.
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