General Electric Company (GE)
| Market Cap | 120.32B |
| Revenue (ttm) | 72.05B |
| Net Income (ttm) | 9.22B |
| Shares Out | 1.09B |
| EPS (ttm) | 8.41 |
| PE Ratio | 13.15 |
| Forward PE | 33.14 |
| Dividend | $0.32 (0.29%) |
| Ex-Dividend Date | Sep 25, 2023 |
| Volume | 2,909,551 |
| Open | 112.63 |
| Previous Close | 112.34 |
| Day's Range | 109.91 - 112.75 |
| 52-Week Range | 48.31 - 117.96 |
| Beta | 1.22 |
| Analysts | Strong Buy |
| Price Target | 116.14 (+5.06%) |
| Earnings Date | Oct 24, 2023 |
About GE
General Electric Company operates as a high-tech industrial company in Europe, China, Asia, the Americas, the Middle East, and Africa. It offers gas and steam turbines, full balance of plant, upgrade, and service solutions, as well as data-leveraging software for power generation, industrial, government, and other customers. The company also provides various solutions for its customers through combining onshore and offshore wind, blade manufacturing, grid solutions, hydro, storage, hybrid renewables, and digital services offerings. In addition,... [Read more]
Financial Performance
In 2022, GE's revenue was $76.56 billion, an increase of 3.18% compared to the previous year's $74.20 billion. Losses were -$64.00 million, -99.05% less than in 2021.
Financial StatementsAnalyst Forecast
According to 15 analysts, the average rating for GE stock is "Strong Buy." The 12-month stock price forecast is $116.14, which is an increase of 5.06% from the latest price.
News
GE must face shareholder lawsuit over accounting, disclosures; judge urges settlement
General Electric failed to persuade a Manhattan federal judge to dismiss a long-running shareholder lawsuit accusing it of concealing risks at its power business, and the judge on Thursday urged both ...
General Electric stock should be worth $141: Deutsche Bank
General Electric Co has already gained about 70% year-to-date but a Deutsche Bank analyst is convinced the stock is not out of juice just yet. General Electric stock could climb another 25% Scott Deus...
GE Appliances Positioned to Become the #1 Manufacturer of Dishwashers in the U.S.
LOUISVILLE, Ky.--(BUSINESS WIRE)--GE Appliances, a Haier company, welcomed state government officials and other community leaders to see two new dishwasher manufacturing lines that complete the $450 m...
Best Buy and GE look to expand healthcare presence
Companies such as CVS Health Corporation (CVS) and Walgreens (WBA) already have a presence in retail healthcare, but companies like Best Buy (BBY), General Electric (GE), and Walmart (WMT) are looking...
GE to sell stake in aircraft leasing provider AerCap
AerCap Holdings NV said on Monday a unit of General Electric Co will sell 32.4 million shares in the aircraft leasing giant through an underwritten public offering.
Culp: Not Going to Go Big Game Hunting for GE
Larry Culp, GE Chairman & CEO explains why his vision for the future of GE doesn't include big-ticket acquisitions right now.
GE: From One to Three Companies
After the legendary leadership of Jack Welch, GE is recreating its identity under three businesses.
GE Board of Directors Authorizes Regular Quarterly Dividend
BOSTON--(BUSINESS WIRE)--The Board of Directors of GE (NYSE: GE) today declared a $0.08 per share dividend on the outstanding common stock of the Company. The dividend is payable October 25, 2023, to ...
Biden and Modi to make progress on GE jet engines, nuclear - White House
The White House expects to see meaningful progress on GE jet engines and civil nuclear technology in upcoming bilateral talks between U.S. President Joe Biden and India Prime Minister Narendra Modi, n...
Fortune Media and Great Place To Work Name GE Appliances to 2023 Best Workplaces in Manufacturing & Production List
LOUISVILLE, Ky.--(BUSINESS WIRE)--Great Place To Work® and Fortune magazine have named GE Appliances, a Haier company, to the 2023 Fortune Best Workplaces in Manufacturing & Production™ List for the s...
GE Aerospace selected by Bell for V-280 Valor Future Long-Range Assault Aircraft
EVENDALE, Ohio--(BUSINESS WIRE)--GE Aerospace today announced the selection by Bell Textron Inc., a Textron company, for work on the development of a Common Open Architecture Digital Backbone (COADB),...
GE Blows Minds With Celebs and CEOs Event
GE's lean-manufacturing event in New York included chiefs of Ford, Uber, and Ingersoll Rand. Peyton Manning and Wolfgang Puck showed up, too.
GE Doesn't need go "big game hunting," CEO Says
Larry Culp, GE CEO, talks about acquisition plans on "Wall Street Week." --------
GE CEO Sees Aerospace Rebound Pushing Sales Above $40 Billion
GE chairman and chief executive officer Larry Culp sees strong post-pandemic recovery in aerospace pushing annual revenue above $40 billion, which would mark a new record for its aviation business. --...
Why Analysts Say GE's Healthcare Spinoff Has $20 Upside
Of the 19 U.S. corporate spinoffs that have occurred in 2023, GE HealthCare Technologies Inc. NASDAQ: GEHC may be the most intriguing. With the market's attention on a wave of media spinoffs, the grow...
Attention C-Suite: New GE Study Finds Divergent Views on Leadership Development
BOSTON--(BUSINESS WIRE)--As companies and employees alike adapt to a changing work environment beset by return-to-work debates, AI fears and other challenges, a new nationwide study by GE (NYSE:GE) an...
Russian-U.S. venture scraps plan to build GE-licensed turbines in Russia
A Russian-U.S. joint venture has abandoned plans to build gas turbines in Russia under licence from General Electric (GE) , Russian energy holding InterRAO, one of the joint venture partners, said on ...
GE Shakes Up Management Ahead of Renewable Energy Spinoff
Ken Parks becomes CFO at GE Vernova, the company's power-generation business. Vic Abate will lead its wind arm.
GE Vernova Announces Two Additions to Leadership Team
CAMBRIDGE, Mass.--(BUSINESS WIRE)--GE (NYSE: GE) announced today that GE Vernova has appointed two new leaders to its leadership team. These appointments complete the executive leadership team for GE ...
Can These 2 Industrial Titans Extend Double-Digit YTD Growth?
Two industrial giants, General Electric NYSE: GE and Eaton Corporation NYSE: ETN, are showing everyone how it's done this year by consistently outperforming the overall market and their competing comp...
GE Appliances Announces $34 Million Refrigeration Manufacturing Investment in Tennessee, Creating 150 New Jobs
LOUISVILLE, Ky.--(BUSINESS WIRE)--GE Appliances, a Haier company, announced a $34 million investment to expand refrigeration manufacturing and create 150 new jobs at its wholly owned subsidiary, Monog...
GE Vernova Acquires Greenbird to Accelerate GridOS® Innovation and Help Utilities Reduce the Complexity of Energy Data Integration
CAMBRIDGE, Mass.--(BUSINESS WIRE)-- #acquisition--GE Vernova's Digital business acquires Greenbird Integration Technology AS, a data integration platform company focused on utilities.
Stock screen spotlights 20 companies whose 2024 earnings estimates have risen most sharply
With another earnings season almost complete, it might be useful for investors to look further ahead. Each earnings season, we can see 70% to 80% of the S&P 500 “beating” consensus quarterly profit es...
Dividend Stocks Lag Behind 2023 Market Rally as AI Stocks Surge
That's important, because investors who rely on income may be disappointed in their 2023 return. According to S&P Dow Jones Indices, since 1926, dividends have contributed approximately 32% of the tot...
INGU board welcomes Steve Bolze, former CEO of GE's power and water business and former senior managing director of Blackstone
Houston, Texas--(Newsfile Corp. - August 8, 2023) - INGU is excited to announce that Steve Bolze , a long-time senior executive with General Electric and former senior managing director with Blacksto...