General Electric shares drop after revenue falls short of expectations

General Electric Company: Stock Update

Industrials General Electric Company: Stock Update

The company had revenue of $33088.00 million for the quarter, compared to analysts expectations of $33668.72 million. During the same quarter in the prior year, the firm posted $0.29 earnings per share. Legal & General Group Plc now owns 43,928,772 shares of the company's stock worth $1,381,942,000 after buying an additional 1,918,773 shares in the last quarter.

Some buy side analysts are also providing their Analysis on General Electric Company, where 5 analysts have rated the stock as Strong buy, 4 analysts have given a Buy signal, 6 said it's a HOLD, 1 reported it as Underperform and 0 analysts rated the stock as Sell.

Shares of General Electric Co. The stock exchanged hands with 5.96 million shares contrast to its average daily volume of 2.88 million shares. The firm has a SMA 50 (Simple Moving Average) of 2.81% and a SMA 200-(Simple Moving Average) of 7.97%.

Emerson Electric Company (NYSE:EMR) now has P/E (Price to Earnings) ratio of 23.28 while the company's industry has 25.16 P/E and the sector P/E is 65.7. The Market Capitalization of the company stands at 276.36 Billion.

Analysts expected GE to report earnings of 46 cents per share on revenue of $33.63 billion, according to a consensus estimate from Thomson Reuters. During the same quarter a year ago, the firm earned $0.52 EPS. Emerson Electric Company has a 52-week low of 41.79 and a 52-week high of 58.28. Baystate Wealth Management added GE to its portfolio by purchasing 6,862 company shares during the most recent quarter which is valued at $216,290. Vetr raised shares of General Electric from a "hold" rating to a "buy" rating and set a $32.83 target price for the company in a research note on Wednesday, December 14th. If you are accessing this article on another site, it was illegally copied and reposted in violation of United States & global copyright laws. The ex-dividend date was Tuesday, November 8th.

That's pretty decent by admittedly stingy contemporary standards - compare yields on such mainstream equity-income ETFs as 2.12% for Vanguard Dividend Appreciation ETF (NYSE: VIG); 3.05% for iShares Select Dividend ETF (NYSE: DVY); 2.89% for Schwab US Dividend Equity ETF (NYSE: SCHD); 2.56% for PowerShares Dividend Achievers (NYSE: PFM); or 2.14% for ProShares S&P 500 Dividend Aristocrats (NYSE: NOBL). This is a boost from General Electric's previous quarterly dividend of $0.23. Emerson Electric's dividend payout ratio is now 76.19%. The legal version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/01/21/general-electric-co-ge-position-increased-by-boys-arnold-co-inc.html.

A number of equities analysts have issued reports on EMR shares.

15 analysts projected Price Targets for General Electric Company.

09/23/2016 - Emerson Electric Company had its "neutral" rating reiterated by analysts at JP Morgan.

Executives hold 0.14 percent of the stock. Its Chairman and CEO IMMELT JEFFREY R Purchased 50,000 company shares for $1462000, in a transaction on 2016-11-09. The stock was acquired at an average cost of $29.24 per share, with a total value of $1,462,000.00. The biggest holder now is Jeffrey R. Immelt who owns 2,248,688 shares (0.03% of those outstanding), whilst Mr. Robert C. Wright holds 1,483,589 (0.02% of shares outstanding) and Michael A. Neal holds 1,075,800 (0.01% of shares outstanding). The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Still some analysts, including me, have recently given up on the stock.

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