GE Aerospace (GE)
| Market Cap | 177.79B |
| Revenue (ttm) | 69.52B |
| Net Income (ttm) | 3.36B |
| Shares Out | 1.09B |
| EPS (ttm) | 3.05 |
| PE Ratio | 53.32 |
| Forward PE | 40.63 |
| Dividend | $0.52 (0.32%) |
| Ex-Dividend Date | Apr 12, 2024 |
| Volume | 19,035,125 |
| Open | 157.83 |
| Previous Close | 150.19 |
| Day's Range | 152.82 - 163.65 |
| 52-Week Range | 76.69 - 163.65 |
| Beta | 1.24 |
| Analysts | Strong Buy |
| Price Target | 162.47 (-0.09%) |
| Earnings Date | Apr 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 $162.47, which is a decrease of -0.09% from the latest price.
News
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.
GE's stock gains, as combined results of GE Aerospace and GE Vernova rose above forecasts
Shares of GE Aerospace GE, +1.44% gained 0.7% in premarket trading Tuesday, after the maker of jet engines used in commercial and military aircraft, including Boeing Co. BA, +0.39% planes, reported fi...
GE Aerospace lifts 2024 profit forecast on strong sales of engine parts, services
GE Aerospace on Tuesday raised its full-year profit forecast, citing a "solid start to the year" on strong demand for jet-engine parts and services as airlines keep their older planes in the air to ti...
What You Need To Know Ahead of GE Aerospace's Earnings Report Tuesday
GE Aerospace (GE) is set to post its results for the first time next Tuesday as a stand-alone firm since it was spun off from conglomerate General Electric early this month.
GE Aero Stock Is Rising as the S&P 500 Slumps. Thank Wall Street Analysts.
Coming into Thursday trading, GE Aerospace stock is the best performer in the entire index for April. Analysts have been lifting price targets on the shares.
General Electric's Power Spinoff Could Be Formidable Once Fully Charged
GE Vernova is expected to turn profitable this year and benefit from growing electricity demand.
GE Aerospace's Slattery to step down in June, remain adviser
The chief commercial officer of GE Aerospace , John Slattery, will step down from the jet engine maker in June and will remain an adviser, CEO Larry Culp said on Wednesday.
GE Aerospace Stock Rises. It's Getting Tailwind From Boeing's 737 MAX.
TD Cowen analyst Gautam Khanna upgraded shares of GE Aerospace to Buy from Hold. His price target went to $180 a share from $175.
GE Vernova Stock Gets Its First Upgrade to Buy
J.P. Morgan analyst Mark Strouse upgraded shares of power-generation firm GE Vernova to Buy from Hold.
GE Aerospace (GE) Raises Dividend by 250%
GE Aerospace (GE) raises its dividend by 250%. Renita Young discusses this as it's the first dividend since spinning off its power business now GE Vernova.
GE Aerospace Raises Its Dividend by 250%
Management has laid out plans to return about 75% of its free cash flow to shareholders.
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 Apr...
What's Next For General Electric Stock After A 35% Rise This Year?
General Electric GE (NYSE: GE) completed the spin-off of its power and renewables energy businesses on April 2. The spinoff company – GE Vernova – is now the new standalone energy company, while GE Ae...
General Electric's 132-year journey from American manufacturing icon to fallen giant
General Electric was an icon of American innovation and manufacturing for most of its history. The company reached its peak in 2000, but had a rocky journey entering the 21st century.
GE Aerospace Stock Picks Up a Buy Rating. Why It Can Keep Flying.
Vertical Research Partners analyst Rob Stallard is bullish on GE Aerospace stock after the spinoff of power-generation assets as GE Vernova.
GE Aerospace coverage initiated with buy rating at Vertical Research Partners
Vertical Research Partners has initiated coverage of GE Aerospace GE, +6.70% with a buy rating following the spinoff of GE Vernova Inc. GEV, -1.90% this week. “The principal appeal of the newly stream...
GE Aerospace Stock Is Soaring. Wall Street Is Helping.
Early new targets imply more gains ahead for the stock.
Why GE Vernova Stock Is Trading Like a Hot IPO.
Vernova shares are up more than 20% over the past week.
GE Completes Its Split Into 3 Public Companies as GE Vernova Makes Its Trading Debut
General Electric completed its long-awaited split into three separately traded companies Tuesday, with the company's energy division GE Vernova making its trading debut under the "GEV" ticker.
GE Aerospace CEO: we are ‘tremendously' well positioned as a standalone business
We are “tremendously” well positioned for the foreseeable future, says Larry Culp – the chief executive of GE Aerospace. GE Aerospace is a ‘global leader' The chief executive is confident that his com...
GE's breakup is official: Company completes three-way split
General Electric on Tuesday completed its breakup into three companies, marking the end of an era for the industrial conglomerate pioneer that was once a symbol of American business power.
Investors hope GE spinoff will defy poor track record of breakups
As General Electric completes its $191.9 billion breakup, bullish investors are betting it will defy the lackluster share price performance that has followed many corporate spinoffs over the last few ...
GE Aerospace CEO on company transformation: We were really in need of an operational turnaround
GE Aerospace chairman and CEO Larry Culp and GE Vernova CEO Scott Strazik join 'Squawk on the Street' to discuss the company's transformation, the completion of the GE Vernova spinoff, the future of e...
Is GE Vernova (GEV) a good spin-off stock to buy?
GE Vernova (NYSE: GE) stock price will be in the spotlight on Tuesday as the company starts trading in New York. This event marks a new phase for General Electric, which was once the biggest company i...