Company Update (NYSE:GE): Builders are Building More and Growing with GE Appliances

[Business Wire] – – The homebuilding industry has started to grow again, and 10 of the nation’s top 15 builders have chosen GE appliances to help them win in the marketplace. In the last couple of years GE has signed-on or renewed relationships with some of the nation’s premier builders such as Lennar, Shea Homes, Taylor Morrison, Richmond America and more. Read more on this. General Electric Company (GE) , currently valued at $286.82B, opened at $30.83. Looking at today’s market, GE one day range is $30.79 to $31.00 and has traded between $19.37 and $32.05 over the past 12 months. GE shares are currently priced at 20.53x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 15.30x earnings multiple. And for income investors, the company pays shareholders $0.92 per share annually in dividends, yielding 2.99%. In a review of the consensus earnings estimate this quarter, 14 sell-side analysts are looking at $0.19 per share, which would be $0.01 worse than the year-ago quarter and a $0.08 sequential decrease. Investors should also note that the full-year EPS estimate of $1.50 is a $0.19 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $27.78 Billion. If reported, that would be a 5.38% decrease over the year-ago quarter. Recently, Bernstein downgraded GE from Outperform to Mkt Perform (Apr 4, 2016). Previously, UBS Initiated GE at to Buy. When considering if perhaps the stock is under or overvalued, the average price target is $33.00, which is 7.04% above where the stock opened this morning. See more in (NYSE:GE) Similar Articles: Company Update (NYSE:GE): This Ain’t Your Father’s GE — Bravo! Stock Update: General Electric Company (NYSE:GE) – GE and State Street Corporation Announce Agreement for State Street to Acquire GE Asset Management for up to $485 Million Company Update: General Electric Company (NYSE:GE) – 81% of Consumers are Unsatisfied with their Healthcare Experience, According to a New Study by Prophet and GE Healthcare Camden Group
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