General Dynamics (NYSE:GD – Get Free Report) released its quarterly earnings data on Wednesday. The aerospace company reported $2.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.89 by ($0.01), Briefing.com reports. General Dynamics had a return on equity of 16.48% and a net margin of 7.85%. The firm had revenue of $10.73 billion for the quarter, compared to analyst estimates of $10.26 billion. During the same quarter in the previous year, the business posted $2.64 earnings per share. General Dynamics’s revenue for the quarter was up 8.6% on a year-over-year basis.
General Dynamics Price Performance
Shares of NYSE GD traded down $0.49 during trading on Friday, hitting $284.41. 1,244,205 shares of the company were exchanged, compared to its average volume of 1,231,567. The company has a market cap of $78.03 billion, a price-to-earnings ratio of 23.20, a PEG ratio of 1.81 and a beta of 0.68. General Dynamics has a 1 year low of $202.35 and a 1 year high of $296.50. The firm’s fifty day moving average price is $280.86 and its 200 day moving average price is $261.71. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.44 and a quick ratio of 0.92.
General Dynamics Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 12th will be given a dividend of $1.42 per share. This is a positive change from General Dynamics’s previous quarterly dividend of $1.32. This represents a $5.68 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Thursday, April 11th. General Dynamics’s payout ratio is presently 46.33%.
Analyst Upgrades and Downgrades
Check Out Our Latest Research Report on General Dynamics
Insiders Place Their Bets
In related news, CEO Phebe N. Novakovic sold 32,355 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $264.31, for a total value of $8,551,750.05. Following the sale, the chief executive officer now directly owns 773,977 shares in the company, valued at approximately $204,569,860.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.52% of the company’s stock.
General Dynamics Company Profile
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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