Research Analysts Offer Predictions for General Dynamics Co.’s FY2022 Earnings (NYSE:GD)

General Dynamics Co. (NYSE:GD – Get Rating) – Investment analysts at Zacks Research cut their FY2022 earnings per share estimates for shares of General Dynamics in a research note issued on Tuesday, January 17th. Zacks Research analyst A. Dutt now expects that the aerospace company will earn $12.06 per share for the year, down from their prior estimate of $12.15. The consensus estimate for General Dynamics’ current full-year earnings is $12.16 per share. Zacks Research also issued estimates for General Dynamics’ Q4 2022 earnings at $3.44 EPS, Q1 2023 earnings at $3.06 EPS, Q2 2023 earnings at $3.23 EPS, Q4 2023 earnings at $4.06 EPS, Q1 2024 earnings at $3.56 EPS, Q2 2024 earnings at $3.75 EPS and Q3 2024 earnings at $3.89 EPS.

GD has been the subject of several other reports. Citigroup began coverage on General Dynamics in a research report on Thursday, December 8th. They set a “buy” rating and a $298.00 price objective for the company. Credit Suisse Group dropped their price objective on General Dynamics from $243.00 to $240.00 and set a “neutral” rating for the company in a research report on Thursday. Cowen upped their target price on General Dynamics to $260.00 in a report on Thursday, October 27th. Cowen upped their target price on General Dynamics from $260.00 to $285.00 in a report on Tuesday, January 3rd. Finally, Wells Fargo & Company lowered their target price on General Dynamics from $256.00 to $249.00 and set an “overweight” rating for the company in a report on Wednesday, September 28th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, General Dynamics has a consensus rating of “Moderate Buy” and an average price target of $273.64.

General Dynamics Price Performance

Shares of GD stock opened at $232.79 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.34 and a debt-to-equity ratio of 0.52. General Dynamics has a twelve month low of $200.65 and a twelve month high of $256.86. The company has a market cap of $63.91 billion, a P/E ratio of 19.38, a P/E/G ratio of 2.01 and a beta of 0.88. The business has a fifty day simple moving average of $247.06 and a 200 day simple moving average of $235.96.

General Dynamics (NYSE:GD – Get Rating) last announced its quarterly earnings data on Wednesday, October 26th. The aerospace company reported $3.26 earnings per share for the quarter, topping the consensus estimate of $3.16 by $0.10. General Dynamics had a return on equity of 18.96% and a net margin of 8.62%. The business had revenue of $9.98 billion during the quarter, compared to the consensus estimate of $9.93 billion. During the same period in the prior year, the company earned $3.07 EPS. General Dynamics’s revenue for the quarter was up 4.3% on a year-over-year basis.

Institutional Investors Weigh In On General Dynamics

Several institutional investors and hedge funds have recently made changes to their positions in GD. GoalVest Advisory LLC acquired a new stake in General Dynamics during the fourth quarter worth approximately $25,000. MADDEN SECURITIES Corp bought a new position in General Dynamics in the fourth quarter worth approximately $25,000. Certified Advisory Corp bought a new position in General Dynamics in the first quarter worth approximately $25,000. Crewe Advisors LLC bought a new position in General Dynamics in the second quarter worth approximately $27,000. Finally, Wagner Wealth Management LLC bought a new position in General Dynamics in the second quarter worth approximately $32,000. Institutional investors and hedge funds own 84.83% of the company’s stock.

General Dynamics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 10th. Stockholders of record on Friday, January 20th will be paid a $1.26 dividend. The ex-dividend date of this dividend is Thursday, January 19th. This represents a $5.04 annualized dividend and a dividend yield of 2.17%. General Dynamics’s payout ratio is 41.97%.

About General Dynamics

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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 designs, manufactures, and sells business jets; and offers aircraft maintenance and repair, management, charter, aircraft-on-ground support and completion, staffing, and fixed-base operator services.