GE Aerospace (GE) to Distribute Quarterly Dividend of $0.47 on July 27th

GE Aerospace (NYSE:GE) declared a quarterly dividend on Thursday, June 25th. Stockholders of record on Monday, July 6th will be paid a dividend of 0.47 per share on Monday, July 27th. This represents a c) annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, July 6th.

GE Aerospace has increased its dividend by an average of 0.4%per year over the last three years and has raised its dividend every year for the last 2 years. GE Aerospace has a payout ratio of 29.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect GE Aerospace to earn $8.67 per share next year, which means the company should continue to be able to cover its $1.88 annual dividend with an expected future payout ratio of 21.7%.

GE Aerospace Price Performance

NYSE GE opened at $368.66 on Friday. The company has a quick ratio of 0.70, a current ratio of 1.01 and a debt-to-equity ratio of 0.99. GE Aerospace has a 12-month low of $243.34 and a 12-month high of $379.67. The company has a market capitalization of $384.64 billion, a PE ratio of 45.40, a price-to-earnings-growth ratio of 3.29 and a beta of 1.37. The firm’s 50 day moving average is $314.76 and its 200-day moving average is $312.01.

GE Aerospace (NYSE:GE) last released its earnings results on Tuesday, April 21st. The company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.26. GE Aerospace had a net margin of 17.86% and a return on equity of 37.99%. The business had revenue of $11.61 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter last year, the firm earned $1.49 earnings per share. The firm’s revenue for the quarter was up 24.6% compared to the same quarter last year. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. Equities research analysts anticipate that GE Aerospace will post 7.48 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on GE shares. Morgan Stanley dropped their target price on GE Aerospace from $425.00 to $400.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. TD Cowen decreased their price target on GE Aerospace from $350.00 to $330.00 and set a “buy” rating for the company in a research note on Wednesday, April 8th. Jefferies Financial Group reaffirmed a “buy” rating on shares of GE Aerospace in a research report on Wednesday, May 27th. Sanford C. Bernstein upped their price objective on GE Aerospace from $374.00 to $405.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 3rd. Finally, Wells Fargo & Company started coverage on GE Aerospace in a report on Wednesday, April 1st. They issued an “overweight” rating and a $325.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $348.22.

GE Aerospace Company Profile

GE Aerospace (NYSE: GE) is the aerospace business of General Electric, focused on the design, manufacture and support of aircraft engines, integrated propulsion systems and related aftermarket services. The company serves commercial airlines, airframers, business and general aviation operators, and defense customers, providing propulsion solutions for a broad range of aircraft types from single?aisle airliners to widebody and military platforms.

Its product portfolio includes a family of commercial and military jet engines as well as spare parts, components and systems engineering.