BOSTON, MASSACHUSETTS—(BUSINESS WIRE)—(BUSINESS WIRE)—(BUSINESS WIRE) GE’s (NYSE: GE) Board of Directors today declared a $0.08 per share dividend on the company’s outstanding common stock. The dividend will be paid on October 25, 2021, to stockholders who were on the books on September 27, 2021. The stock will go ex-dividend on September 24, 2021.
Is GE stock expected to rise?
GE stock has an EPS Rating of 56 out of a possible 99 and an SMR Rating of E on a scale of A+ (best) to E (worst) on key earnings and sales measures (worst). The SMR Rating considers sales growth, profit margins, and return on equity, while the EPS Rating compares a company’s earnings per share growth to that of all other companies.
In recent years, GE has sold a biotech unit, a majority investment in its oil field services business, and a biotech unit. It will merge its aircraft leasing division with AerCap (AER). It is anticipated to stop leasing jets entirely in the future.
GE earned 57 cents per share in the third quarter, exceeding expectations. Revenue dropped 5%, and the company failed its target. GE’s aviation division boosted sales 10% year over year in the third quarter, while health care was down 5%, renewable energy was down 7%, and power was unchanged. GE also reported $1.7 billion in industrial free cash flow (FCF), which was nearly double analyst expectations.
GE, on the other hand, was cautious, warning of a “difficult” climate, particularly in health care. The business decreased revenue forecasts for the entire year of 2021, while raising EPS estimates and reducing its FCF prediction.
The FCF metric is highly scrutinized as an indicator of GE’s operational health and capacity to pay off debts. GE earned $606 million in free cash flow in 2020, down 66 percent from the previous year but still exceeding its own expectations. In fact, GE achieved cash flow positive a year ahead of schedule.
Analysts now expect GE to earn $2.03 per share for the whole year of 2021, up from only eight cents in 2020. However, FactSet estimates that this would still be below 2019 EPS of $5.20. In 2022, GE’s earnings are expected to nearly double due to a 6% growth in sales.
According to FactSet, 12 Wall Street analysts rank GE stock as a buy, eight rate it as a hold, and one rates it as a sell.
Will GM reinstate dividend?
GM has failed to return its dividend, which was halted in April 2020, despite CEO Mary Barra announcing in November that the firm plans to resume dividends “about mid-2021.” When asked about the dividend plan again in a February earnings call, Barra stated she would delay remarks on it.
What is the current GE dividend?
As of December 02, 2021, the TTM dividend payout for General Electric (GE) is $0.32. The current dividend yield for General Electric is 0.34 percent as of December 02, 2021.
Why is GE stock so cheap?
The General Electric Company (NYSE:GE) is one of the country’s oldest and most well-known corporations. It was formed by Thomas Edison, J.P. Morgan, and other partners in the late 1800s and has since grown to become an international conglomerate. GE stock has been a stunning performer, even before last year’s stock market crisis, despite its heritage and triumphs.
GE has experience in aviation, healthcare, oil, venture capital, and other hard-hit industries to address at least the COVID part. Even experts from founder Morgan’s namesake bank warn it’s a dangerous bet for 2021, citing the difficult year of 2020.
It gained some confidence once the election results were certified, but it still has a long way to go. Let’s turn on the light to see how this once-loved American classic is being left in the dark by investors.
Is GE stock undervalued?
Growth: With a forward PE ratio of just 20.6 over the next four quarters, the S&P 500 seems considerably more reasonable. Although GE’s forward earnings multiple of 26.5 is more realistic, it is still much higher than the S&P 500 as a whole, making the company appear expensive.
GE’s forward PE ratio is also more than double that of its rivals in the industrial sector, which are now trading at 21.3 times ahead earnings.
For organizations that are rapidly expanding their bottom lines, the growth rate is also crucial. The price-to-earnings-to-growth ratio (PEG) is a useful tool for incorporating growth rates into the analysis. The overall PEG of the S&P 500 is at 0.9; GE’s PEG is 0.27, implying that GE is severely undervalued after accounting for its growth.
Another key valuation statistic, particularly for unprofitable companies and growth stocks, is the price-to-sales ratio. The PS ratio of the S&P 500 is currently 3.12, which is substantially above its long-term average of 1.62. The PS ratio of GE is 1.52, which is roughly four times the S&P 500 norm.
Finally, Wall Street analysts believe that GE stock will increase in value during the next 12 months. The average analyst price objective for GE among the 15 analysts tracking the company is $127, implying a 22% increase from present levels.
The Bottom Line: Based on a selection of standard fundamental valuation criteria, GE stock looks to be appropriately priced at its present price.
Will next pay a dividend in 2021?
NEXT plc’s board of directors declared a special dividend of 110 pence per share, payable on September 3, 2021, to shareholders who were registered at the close of business on August 13, 2021. From August 12, 2021, the stock will trade ex-dividend.
Will Costco have a special dividend in 2021?
(GLOBE NEWSWIRE) — March 13, 2021 (GLOBE NEWSWIRE) — Costco Wholesale Corporation (“Costco” or the “Company”) announced today that its Board of Directors has declared a quarterly cash dividend of 79 cents per share on Costco common stock (Nasdaq: COST).
What is next ex-dividend date?
Stocks normally have an ex-dividend date one business day before the record date, which is the deadline for deciding which shareholders will get the next dividend payment. Instead, the next dividend will be paid to the seller. You will receive the dividend if you purchase the stock before the ex-dividend date.
Is GE American made?
GE Appliances is a brand that US Appliance is happy to carry. While not every GE product is created in the United States, it is apparent that the company is committed to producing many of its goods in the United States and investing in American jobs.
Is GE an American company?
The General Electric Company (GE) is an American multinational conglomerate headquartered in Boston and incorporated in the state of New York. Until 2021, the company’s business segments included aviation, power, renewable energy, digital industry, weapons manufacture, locomotives, and venture capital and finance, but it has since divested from several of them, leaving only the first four.
GE was the 33rd largest company in the United States by gross sales in 2020, according to the Fortune 500. On 2011, GE was the 14th most profitable firm in the Fortune 20 list, but its profitability plummeted, and the company lagged the market by roughly 75%. The Nobel Prize has been granted to two GE employees: Irving Langmuir (1932) and Ivar Giaever (1973).
The corporation declared its intention to split into three public entities on November 9, 2021. The new businesses will focus on aviation, healthcare, and energy (renewable energy, power, and digital), in that order. The healthcare division’s first spinoff is scheduled for 2023, followed by the energy division’s separation in 2024.
