General Dynamics (NYSE:GD – Get Free Report) posted its earnings results on Wednesday. The aerospace company reported $3.35 EPS for the quarter, missing the consensus estimate of $3.48 by ($0.13), Briefing.com reports. General Dynamics had a return on equity of 16.74% and a net margin of 7.89%. The company had revenue of $11.67 billion during the quarter, compared to analysts’ expectations of $11.65 billion. During the same period in the prior year, the business posted $3.04 earnings per share. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. General Dynamics updated its FY24 guidance to $14.00 EPS and its FY 2024 guidance to 14.000-14.000 EPS.
General Dynamics Price Performance
Shares of NYSE GD traded up $1.25 during midday trading on Friday, reaching $302.52. 1,405,397 shares of the stock traded hands, compared to its average volume of 1,095,718. The company’s 50 day moving average is $300.40 and its 200 day moving average is $294.67. General Dynamics has a one year low of $236.58 and a one year high of $313.11. The stock has a market capitalization of $83.00 billion, a PE ratio of 24.68, a P/E/G ratio of 1.67 and a beta of 0.61. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.33 and a quick ratio of 0.80.
General Dynamics Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 11th will be issued a dividend of $1.42 per share. The ex-dividend date of this dividend is Friday, October 11th. This represents a $5.68 annualized dividend and a dividend yield of 1.88%. General Dynamics’s dividend payout ratio (DPR) is 46.33%.
Analyst Ratings Changes
Check Out Our Latest Stock Report on General Dynamics
Insider Activity at General Dynamics
In related news, Director Peter A. Wall sold 1,320 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $308.05, for a total value of $406,626.00. Following the completion of the transaction, the director now owns 3,592 shares of the company’s stock, valued at approximately $1,106,515.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.52% of the stock is owned by insiders.
About General Dynamics
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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