Transcript : General Dynamics Corporation, Q1 2023 Earnings Call, Apr 26, 2023

General Dynamics’ first-https://1investing.in/ revenues of $9,881 million beat the Zacks Consensus Estimate of $9,322 million by 6%. Revenues also improve 5.2% from that reported in the year-ago quarter. In the past three months, General Dynamics insiders have not sold or bought any company stock.

As of April 15th, there was short interest totaling 2,870,000 shares, an increase of 14.8% from the March 31st total of 2,500,000 shares. Based on an average daily volume of 1,190,000 shares, the short-interest ratio is presently 2.4 days. Market cap, also known as market capitalization, is the total market value of a company. It’s calculated by multiplying the current market price by the total number of shares outstanding. Based on the recent corporate insider activity of 107 insiders, corporate insider sentiment is negative on the stock.

Historical and current end-of-day data provided by FACTSET. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements. The price-to-book ratio is a company’s current market price to its Book Value. Traditionally, any value under 1.0 is considered a good P/B value, indicating a potentially undervalued stock. Market cap or market capitalization is the total market value of all of a company’s outstanding shares.

General Dynamics earnings beat by $0.03, revenue topped estimates

General Dynamics has only been the subject of 1 research reports in the past 90 days. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. The industry with the best average Zacks Rank would be considered the top industry , which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank would place in the bottom 1%. An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. The Zacks Industry Rank assigns a rating to each of the 265 X Industries based on their average Zacks Rank.

The defense contractor said it will pay out a quarterly dividend of $1.32 a share on May 12 to sha… The aerospace and defense stocks’ Q1 results are likely to reflect growing global air travel and defense order flow amid supply-chain issues. Let’s see how BA, GD & TDY are likely to perform this time… According to 10 analysts, the average rating for GD stock is „Buy.” The 12-month stock price forecast is $254.5, which is an increase of 16.56% from the latest price. The Price-to-Earnings (or P/E) ratio is a commonly used tool for valuing a company. It’s calculated by dividing the current share price by the earnings per share .

The 0.50% of General Dynamics Corporation’s shares are in the hands of company insiders while institutional holders own 86.70% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2.87 million on Apr 13, 2023, giving us a short ratio of 2.34. Current price change has pushed the stock -12.29% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the GD stock continues to rise going into the next quarter.

GD General Dynamics Corp.

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Only 1.52% of the stock of General Dynamics is held by insiders. Only 21 people have added General Dynamics to their MarketBeat watchlist in the last 30 days. This is a decrease of -22% compared to the previous 30 days. Short interest in General Dynamics has recently increased by 14.80%, indicating that investor sentiment is decreasing significantly.

General Dynamics (GD) Announces a Hike of 4.8% in Dividend

The score provides a forward-looking, one-year measure of credit risk, allowing investors to make better decisions and streamline their work ow. Updated daily, it takes into account day-to-day movements in market value compared to a company’s liability structure. Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world’s media organizations, industry events and directly to consumers. Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review. Turning to the stock’s technical picture we see that short term indicators suggest on average that GD is a 50% Sell.

General Dynamics declared a quarterly dividend of $1.32 per share, or $5.28 annualized. This is a 4.8% increase from the prior dividend of $1.26.The dividend will be payable on May 12,… Roman Schweizer, Cowen defense and aerospace analyst, joins 'The Exchange’ to discuss the state of national security and how it could affect defense stocks. Bloomberg Published an article in February that discussed the failings of the U.S. If you read it, you may immediately want to sell any defense stocks you own.

This means that over the past quarter there has been an increase of insiders selling their shares of GD in relation to earlier this year. Most recently, in January 2023, Mark Lagrand Burns, the VP of GD sold 27,600.00 shares for a total of $6,263,268.00. General Dynamics declared a quarterly dividend on Wednesday, March 8th. Shareholders of record on Friday, April 14th will be given a dividend of $1.32 per share on Friday, May 12th. This represents a $5.28 annualized dividend and a dividend yield of 2.45%.

Analyst Coverage

Imagine what you could do with that kind of predictive power, if you knew next month’s stock prices today? Based on earnings estimates, General Dynamics will have a dividend payout ratio of 35.72% next year. This indicates that General Dynamics will be able to sustain or increase its dividend. General Dynamics has received a consensus rating of Buy. The company’s average rating score is 2.88, and is based on 7 buy ratings, 1 hold rating, and no sell ratings. The price-earnings ratio is a company’s share price to the company’s Earnings per Share.

• Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology.
• 51 people have searched for GD on MarketBeat in the last 30 days.
• It can also be calculated by dividing the company’s Market Cap by the Net Profit.
• MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.
• The Style Scores are a complementary set of indicators to use alongside the Zacks Rank.

Ownerin %Freefloat99.36Longview Asset Management LLC10.95Longview Asset Management LLC10.31Vanguard Group, Inc. 7.74Newport Trust Co.6.00Wellington Management Co. NA1.94Shareholder percentage totals can add to more than 100% because some holders are included in the free float. Twitter icon A stylized bird with an open mouth, tweeting. YouTube icon A play button in the shape of a television screen. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks.

Information is provided 'as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer. Sign-up to receive the latest news and ratings for General Dynamics and its competitors with MarketBeat’s FREE daily newsletter. The P/E ratio of General Dynamics is 17.89, which means that it is trading at a more expensive P/E ratio than the Aerospace sector average P/E ratio of about 14.35.

The ratio is used for evaluating companies and to find out whether they are overvalued or undervalued. Passive investing is a great way to create long-term returns. It can be as simple as identifying dividend stocks to buy and hold for the next decade or more. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases.

The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (’V’ for Value, 'G’ for Growth and 'M’ for Momentum), which combines the weighted average of the individual style scores into one score. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. By Geoffrey Smith Investing.com — Microsoft and Alphabet have differing fortunes in the first quarter, as TikTok takes a bigger bite out of YouTube’s advertising revenue. By Senad Karaahmetovic Credit Suisse analysts initiated research coverage on the Aerospace and Defense sector today.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities. General Dynamics has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report. General Dynamics’ Q1 results are likely to reflect a poor revenue performance across most of its business segments. General Dynamics came out with quarterly earnings of $2.64 per share, beating the Zacks Consensus Estimate of $2.56 per share. This compares to earnings of $2.61 per share a year ago.

84.83% of the stock of General Dynamics is held by institutions. High institutional ownership can be a signal of strong market trust in this company. 51 people have searched for GD on MarketBeat in the last 30 days. This is an increase of 104% compared to the previous 30 days. MarketBeat has tracked 35 news articles for General Dynamics this week, compared to 8 articles on an average week. General Dynamics pays a meaningful dividend of 2.46%, higher than the bottom 25% of all stocks that pay dividends.

The company has a Forward Dividend ratio of 5.28, with its dividend yield at 2.45%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report. Analysts project the company’s earnings per share to be $2.65, which has seen fiscal year 2023 EPS growth forecast to increase to $12.69 and about $14.76 for fiscal year 2024. Per the data, EPS growth is expected to be 4.10% for 2023 and 16.30% for the next financial year.

• The aerospace and defense stocks’ Q1 results are likely to reflect growing global air travel and defense order flow amid supply-chain issues.
• Monitor the latest movements within the General Dynamics Corporation real time stock price chart below.
• The industry with the best average Zacks Rank would be considered the top industry , which would place it in the top 1% of Zacks Ranked Industries.
• Zacks Ranks stocks can, and often do, change throughout the month.
• Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts.

savings accounts explaineds have a consensus estimate of $9.49 billion for the company’s revenue for the quarter, with a low and high estimate of $9.06 billion and $9.63 billion respectively. The average forecast suggests up to a 3.30% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue for 2023 to grow to $41.44 billion, representing a 5.20% jump on that reported in the last financial year. 8 Wall Street research analysts have issued „buy,” „hold,” and „sell” ratings for General Dynamics in the last twelve months.

The ex-dividend date of this dividend is Thursday, April 13th. This is a positive change from the stock’s previous quarterly dividend of $1.26. The 50-day moving average is a frequently used data point by active investors and traders to understand the trend of a stock. It’s calculated by averaging the closing stock price over the previous 50 trading days. General Dynamics Corp. 50-day moving average is $226.42. GD, -1.93% said Wednesday its board hiked the company’s dividend by nearly 5%.