GE Aerospace (GE)
| Market Cap | 176.72B |
| Revenue (ttm) | 69.52B |
| Net Income (ttm) | 3.36B |
| Shares Out | 1.09B |
| EPS (ttm) | 3.05 |
| PE Ratio | 52.93 |
| Forward PE | 36.81 |
| Dividend | $1.12 (0.69%) |
| Ex-Dividend Date | Jul 11, 2024 |
| Volume | 4,601,805 |
| Open | 158.82 |
| Previous Close | 158.97 |
| Day's Range | 158.25 - 162.94 |
| 52-Week Range | 84.22 - 170.80 |
| Beta | 1.24 |
| Analysts | Strong Buy |
| Price Target | 182.11 (+12.8%) |
| Earnings Date | Jul 23, 2024 |
About GE
General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. It also offers aftermarket services to support its products. The company operates in the United States, Europe, China, Asia, the Americas, the Middle East, and Africa. General Electric Company was incorporated in 1892 and is based in Evendale, Ohio. [Read more]
Financial Performance
In 2023, GE Aerospace's revenue was $67.95 billion, an increase of 16.96% compared to the previous year's $58.10 billion. Earnings were $9.19 billion, an increase of 17911.76%.
Financial StatementsAnalyst Forecast
According to 20 analysts, the average rating for GE stock is "Strong Buy." The 12-month stock price forecast is $182.11, which is an increase of 12.80% from the latest price.
News
GE Aerospace extends CEO Culp's contract till end of 2027
GE Aerospace said it has extended chief executive Larry Culp's tenure till the end of 2027, with a possibility of further extension by another year, a regulatory filing showed on Monday.
GE Aerospace T901 Engines Accepted by U.S. Army for UH-60 Black Hawk Flight Testing
Engine provides greater range, more power and reduced maintenance costs to meet mission demands WEST PALM BEACH, Fla, June 28, 2024 /PRNewswire/ -- GE Aerospace (NYSE: GE) announced today the acceptan...
GE, NVDA: Why Utilities Could Become Offensive Plays During the A.I. Race
Data centers/hardware segments of the A.I. ecosystem, certain smaller-cap biotech stocks, and aerospace and defense stocks are some of Kevin Mahn's investment ideas.
Stock Ideas Amid Investor Optimism
The latest Investopedia survey shows that investors' optimism is rising. Readers are as optimistic about the stock market as they've been in the past 12 months, notes Caleb Silver.
GE Aerospace Board of Directors Authorizes Regular Quarterly Dividend
EVENDALE, Ohio--(BUSINESS WIRE)--The Board of Directors of GE Aerospace (NYSE: GE) today declared a $0.28 per share dividend on the outstanding common stock of the Company. The dividend is payable Jul...
Nine hot stocks, including Nvidia, that have become more attractive by this critical metric
Exactly a month ago, we pointed out that although Nvidia Corp.'s stock had risen 553% from three years earlier, its forward price-to-earnings valuation had declined. With so much in flux, as analysts ...
GE Aerospace developing hybrid engines for single-aisle jets
GE Aerospace is developing a hybrid electric engine with the hopes it will power next-generation narrow-body jets by the middle of the next decade.
GE Aerospace sees supply constraints persisting next year
A GE Aerospace executive said on Wednesday global supply chains will likely remain challenged even next year, despite a production slowdown at Boeing.
GE Vernova Stock Gets a Neutral Rating. Electricity Demand Isn't Everything.
Citi analyst Andrew Kaplowitz launched coverage of GE Vernova stock with a Hold rating and $183 price target.
Airborne Wind Energy market is projected to grow at a CAGR of 9.7% by 2034: Visiongain
Visiongain has published a new report entitled Airborne Wind Energy Market 2024-2034 : Forecasts by Application (Onshore, Offshore), by Power Generation Capacity (Small-scale Systems (Below 100 kW), M...
Dolby Labs to acquire GE's licensing business in $429 million deal
Dolby Laboratories said on Thursday it was acquiring GE Licensing, an intellectual property business targeting the consumer digital media and electronics sectors, in a $429 million deal.
Dolby Laboratories Announces Agreement to Acquire GE Licensing from GE Aerospace
Acquisition to strengthen Dolby's licensing businesses and create opportunity for future growth SAN FRANCISCO , June 6, 2024 /PRNewswire/ -- Dolby Laboratories, Inc. (NYSE: DLB), a leader in immersive...
GE CEO Larry Culp Is Giving Away Stock. Why That's a Good Idea.
GE Aerospace is giving employees stock via its new “takeoff grant.”
GE Aerospace hiring 900 engineers this year
GE Aerospace CEO Larry Culp said Tuesday the company is hiring 900 new engineers in 2024 as it develops next-generation technologies and supports current engine programs.
GE Aviation stock could see turbulence as an evening star forms
The GE Aviation (NYSE: GE) stock price has done well this year, making it one of the best-performers in the S&P 500 index. It has jumped by over 55%, giving it a market cap of over $178 billion.
GE Appliances Releases Annual Report
LOUISVILLE, Ky.--(BUSINESS WIRE)--GE Appliances, a Haier company, unveiled its digital 2023 GE Appliances Report showcasing the company's new packaging guidelines, innovative products, environmental a...
GE Health Executive Joins U.S. Anesthesia Partners
DALLAS--(BUSINESS WIRE)--U.S. Anesthesia Partners (“USAP”), a leading provider of high-quality anesthesia care, today announced that Jeff Terry has joined the national practice as Executive Vice Presi...
GE Aerospace Is the S&P 500's Top-Performing Stock in April. Globe Life Is the Worst.
In early April, GE completed its split into three companies.
GE Created $200 Billion in Stock-Market Value by Breaking Into Pieces
Wall Street has hiked the average price target for GE Aerospace stock in the latest stage of upbeat news for longtime investors.
GE Aerospace Reports Robust 1Q24 Results; Raise Target Price
On April 23, 2024, GE Aerospace (NYSE: GE, $161.26, Market Capitalization: $176.5 billion) reported robust 1Q24 results, with a strong beat on EPS versus consensus. It should be noted that as GE Verno...
Should You Pick General Electric Stock At $165?
General Electric General Electric (NYSE: GE) recently reported its Q1 results, with revenues and earnings beating the street estimates. The company reported adjusted revenue of $15.2 billion and adjus...
General Electric Vernova debuts flat financial results with its first-ever earnings
On April 25th, less than one month after becoming an official company, General Electric Vernova reported its first-ever financial results. Unfortunately, in the quarter, GE Vernova orders of $9.7 bill...
GE Stock Rises Above 2008 Levels. Wall Street Is Staying Bullish.
Analysts are lifting price targets on GE Aerospace stock after the company's first-quarter earnings.
GE Aerospace Stock Jumps on Strong Earnings, Guidance Post-Split
GE Aerospace (GE) shares surged over 7% in intraday trading Tuesday after it reported its first earnings as a standalone company and boosted its full-year outlook for operating profit.
GE Aerospace starts strong with FY24 Q1 net profit of 19.1%
Today, on 23 April 2024, GE Aerospace announced a 19.1% increase in its first-quarter net profit. The company noted strong earnings from its commercial aviation business were driven by this increase.