|Bid||13.55 x 1400|
|Ask||13.79 x 2200|
|Day's range||13.70 - 13.81|
|52-week range||12.61 - 27.05|
|PE ratio (TTM)||N/A|
|Earnings date||20 Jul 2018|
|Forward dividend & yield||0.48 (3.57%)|
|1y target est||17.21|
One of General Electric Co's largest and most valuable customers, Saudi Arabia, is lining up competitors to bid against GE for lucrative power plant work, according to five people familiar with the situation. State-controlled Saudi Electricity Co (SEC) has qualified at least two companies - Power Systems Mfg LLC and Combustion Parts Inc - to provide service or parts for some of SEC's more than 50 GE-made F-class turbines, and is in talks with two others over investments to set up facilities to service the SEC plants over many years, according to sources with direct knowledge of the matter.
American multinational Proctor & Gamble (PG) recently announced its acquisition of beauty brand First Aid Beauty for a reported $250 million.
In this part, we’ll discuss analysts’ recommendations for General Electric (GE) and its peers. After the company update on June 26, analysts’ overall pessimistic approach towards General Electric decreased. Out of 17 analysts covering General Electric stock, four analysts (23.5%) recommended a “strong buy,” one analyst (5.9%) recommended a “buy,” ten analysts (58.8%) recommended a “hold,” one analyst recommended a “sell,” and one analyst recommended a “strong sell.”
Market speculations came to an end when General Electric (GE) announced the spin-off of its Healthcare segment. The company expects to unlock value by turning healthcare into a separate entity. The standalone, GE Healthcare is expected to bear ~$18.0 billion of the parent’s debt and pension obligations.
, a GE Company said Wednesday it reached deals to sell its natural gas solutions business for $375 million. As part of the deals, Baker Hughes will sell its natural gas solutions product line to private-equity firm First Reserve Corp., and will transfer about 450 employees located in eight countries. The company said it will sell the Talamona branch of its NGS product line to Pietro Fiorentini SpA, which makes products for natural gas regulation and metering, and transfer 40 employees in Italy.
GE Aviation and Teradata announced that GE Aviation will become the exclusive provider of Teradata products and services for commercial aviation markets, providing the world’s biggest airlines with a single, comprehensive framework that combines high-performance analytics in the cloud from Teradata with edge-connectivity services from GE Aviation. Teradata and GE Aviation previously announced a partnership to jointly provide products and services to commercial aviation markets.
For the second quarter, analysts surveyed by Thomas Reuters estimate that General Electric (GE) will report revenues of $29.2 billion. In the same quarter in 2017, the company posted revenues of $29.5 billion, which translates into an estimated 1% decline YoY (year-over-year). For 2018, analysts expect General Electric to achieve $121.2 billion in revenues, which reflects a minor fall of 0.7% YoY.
General Electric (GE), a US industrial powerhouse, is scheduled to announce its second-quarter earnings on July 20 at 8:30 AM EST. The company will hold an earnings call to discuss the second-quarter results with investors and analysts on the same day. On June 26, General Electric announced a company level update, which met the market’s expectations. John Flannery, General Electric’s CEO, discussed his plan to get the company’s stock price back on track. The company’s announcement stopped wild speculations that included a divestiture to the spin-off of key segments.
General Electric (GE), which was booted from the Dow Jones Industrial Average last month after years of underperformance, has gained a vocal chorus of bulls who have praised its management and its plan to sell units and streamline its business. Add Gabelli's Justin Bergner voice to the choir. While skeptics may suggest the sum-of-the-parts value for GE is too high--citing interest expense increasing factors like industrial receivables through GE Capital and the intra-quarter "swelling of commercial paper"--Bergner still believes that GE can trade up to $20 by the year end of fiscal 2019.
General Electric's (GE) Aviation segment to gain from rise in air travel and air freight volumes while its Renewable Energy segment to benefit from unit order growth and cost savings actions.
Honeywell (HON) is set to announce its Q2 2018 earnings on July 20 before the market opens. It plans to hold a conference call at 9:30 AM EST that day. In this series, we’ll look at Honeywell stock since its first-quarter earnings and analysts’ revenue and EPS estimates and recommendations.
General Electric's (GE) second-quarter 2018 results are likely to gain from Aviation and Renewable Energy segments. Tough operating conditions for Power might be an issue.
FARNBOROUGH, England—Boeing Co. has secured a $9.8 billion commitment for cargo planes, underscoring a recent boom in airfreight that so far hasn’t softened because of an escalating global showdown over trade. Russia’s Volga-Dnepr Group and CargoLogicHolding said Tuesday they would buy 29 of Boeing’s 777 freighter jets. The two freight specialists, which have shared ownership, also used the Farnborough Airshow, held this week outside London, to reconfirm a $2 billion agreement for five Boeing 747-8 jumbo jet freighters.
General Electric Co. has assured investors that its long-awaited reorganization sets the company on a path to recovery, but some on Wall Street still worry its biggest problem, GE Capital, will continue to get in the way. GE Capital wasn’t central to the plans Chief Executive John Flannery unveiled last month to restructure the company around its power and aviation businesses. Then the financial crisis hit, and GE Capital nearly sank the entire company.
As a part of Microsoft’s (MSFT) ongoing digital transformation project, Microsoft and General Electric (GE) extended their partnership on July 16 to boost IoT (Internet of Things) features for customers. Microsoft will integrate its cloud features, which include Azure IoT, data, and analytics technology to GE’s Predix portfolio.
End-market demand has remained pretty healthy for industrial firms, but you wouldn't know it by the performance of the Industrial Select Sector SPDR ETF (XLI), which has fallen nearly 3% year to date, trailing the S&P 500's 4.8% gain. So what's the problem? Well, tariffs of course are front and center, as plenty of industrials appear squarely in the crosshairs of a trade war, despite analysts' attempts to soothe investors' nerves. William Blair's Nicholas Heymann adds his voice to that chorus.
The company's earnings probably declined significantly last quarter, but here's how investors can check up on the conglomerate's turnaround progress.
GE unveiled plans to restructure the organization of its businesses and cut corporate costs, with a leading industry figure on hand to help.
Expanded partnership will help industrial companies capture greater intelligence from IoT and asset data, boosts GE innovation across its business