General Dynamics Corporation (NYSE:GD) leader in aerospace and defense, is reporting third quarter earnings results on Wednesday 28th October 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 2.86 per share.
For the full year, analysts predict revenues of $ 38334.50 million, while looking forward to income of $ 11.04 per share.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 38,400.00 million ~ $ 38,400.00 million, where as bottomline are predicted in a range of $ 11.00 ~ $ 11.10 per share
Click Here For More Historical Outlooks Of General Dynamics Corporation
Previous Quarter Performance
General Dynamics Corporation came out with income for the second quarter of $ 2.18 per share, from the revenue of $ 9,264.00 million. The quarterly earnings dropped 21.30 percent while revenues fell 3.05 percent compared with the same quarter last year.
Wall street analysts are predicting, GD to report 2Q20 income of $ 2.15 per share from revenue of $ 8954.99 million. The bottom line results beat street analysts by $ 0.03 or 1.40 percent, at the same time, top line results outshined analysts by $ 309.01 million or 3.45 percent.
Stock Performance
Shares of General Dynamics Corporation traded low $ -3.64 or -2.63 percent on Tuesday, reaching $ 134.87 with volume of 1.46 million shares. General Dynamics Corporation has traded high as $ 138.11 and has cracked $ 134.87 on the downward trend
According to the previous trading day, closing price of $ 134.87, representing a 37.75 % increase from the 52 week low of $ 100.55 and a 27.13 % decrease over the 52 week high of $ 190.08.
The company has a market capital of $ 38.70 billion and is part of the Industrials sector and Aerospace & Defense industry.
Recent Analyst recommendations
- On 2nd October 2020, downgraded by Robert W. Baird to Neutral from Outperform rating.
- On 1st October 2020, maintained by Barclays at Overweight rating, with $ 165.00 target price.
- On 17th September 2020, downgraded by Goldman Sachs Group to Sell from Buy rating, with $ 138.00 target price.
- On 8th September 2020, initiated by Morgan Stanley at Underweight rating, with $ 163.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 1.10 per share on August 5, 2020. The dividend were payable on November 13, 2020 to holders of record as of the close of business on October 9, 2020 and ex-dividend date on October 8, 2020.
Conference Call
General Dynamics Corporation will be hosting a conference call at 9:00 AM eastern time on 28th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.gd.com
General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates in five segments: Aerospace, Combat Systems, Information Technology, Mission Systems, and Marine Systems. The Aerospace segment designs, manufactures, and supports business-jet aircraft; and offers business-aviation services, including maintenance, fixed-base operation, government fleet, aircraft management, charter, and staffing services, as well as integrated aviation solutions.
