General Dynamics Corporation (NYSE:GD) is reporting second quarter financial results on Wednesday 29th July 2020, before market open.
According to analysts surveyed by Thomson Reuters, GD is expected to report 2Q20 income of $ 2.15 per share from revenue of $ 8954.99 million.
For the full year, analysts anticipate top line of $ 38805.80 million, while looking forward to income of $ 11.19 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 12.55 ~ $ 12.60 per share
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Previous Quarter Performance
General Dynamics Corporation reported income for the first quarter of $ 2.43 per share, from the revenue of $ 8,749.00 million. The quarterly earnings fell 5.08 percent while revenues shrunk 5.53 percent compared with the same quarter last year.
Wall street analysts are predicting, GD to report 1Q20 income of $ 2.57 per share from revenue of $ 9229.98 million. The bottom line results missed street analysts by $ 0.14 or 5.45 percent, at the same time, top line results fell short of analysts by $ 480.98 million or 5.21 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of GD was $ 148.57, representing a 47.76 % increase from the 52 week low of $ 100.55 and a 23.32 % decrease over the 52 week high of $ 193.76.
The company has a market capital of $ 42.62 billion and is part of the Industrials sector and Aerospace & Defense industry.
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Recent Analyst recommendations
- On 11th June 2020, maintained by UBS Group at Neutral rating, with $ 171.00 target price.
- On 4th June 2020, maintained by Susquehanna Bancshares at Positive rating, with $ 184.00 target price.
Recent Stock Dividend Announcement
On June 3, 2020, the board of directors authorized quarterly dividend of $ 1.10 per share to holders of record as of the close of business on July 3, 2020, with payment date of August 7, 2020 and ex-dividend date on July 1, 2020.
Conference Call
General Dynamics Corporation will be hosting a conference call at 9:00 AM eastern time on 29th July 2020, to discuss its 2Q20 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.