General Electric (GE) Given Daily Media Impact Rating of 0.06

Media headlines about General Electric (NYSE:GE) have trended somewhat positive this week, Accern Sentiment reports. Accern scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. General Electric earned a daily sentiment score of 0.06 on Accern’s scale. Accern also assigned news coverage about the conglomerate an impact score of 45.2450958269897 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the media headlines that may have effected Accern’s rankings:

General Electric (NYSE:GE) last released its earnings results on Friday, October 20th. The conglomerate reported $0.29 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.20). General Electric had a net margin of 6.08% and a return on equity of 13.72%. The firm had revenue of $33.47 billion during the quarter, compared to the consensus estimate of $32.51 billion. During the same period in the prior year, the company earned $0.32 EPS. The firm’s revenue was up 11.5% compared to the same quarter last year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 25th. Stockholders of record on Monday, September 18th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, September 15th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.76%. General Electric’s dividend payout ratio is currently 120.00%.

A number of research firms have issued reports on GE. J P Morgan Chase & Co dropped their price objective on shares of General Electric from $19.00 to $17.00 and set an “underweight” rating for the company in a research note on Wednesday. Vetr raised shares of General Electric from a “buy” rating to a “strong-buy” rating and set a $23.28 price objective for the company in a research note on Monday. UBS AG reaffirmed a “sell” rating and set a $18.00 price objective (down previously from $21.00) on shares of General Electric in a research note on Monday. Oppenheimer Holdings, Inc. downgraded shares of General Electric from a “market perform” rating to an “underperform” rating in a research report on Tuesday, October 24th. Finally, Stifel Nicolaus downgraded shares of General Electric from a “buy” rating to a “hold” rating and dropped their target price for the stock from $26.00 to $22.00 in a research report on Tuesday, October 24th. Six investment analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $25.84.

COPYRIGHT VIOLATION NOTICE: This article was first posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this article on another publication, it was copied illegally and reposted in violation of US & international trademark & copyright legislation. The original version of this article can be viewed at https://www.com-unik.info/2017/11/02/general-electric-ge-given-daily-media-impact-rating-of-0-06.html.

In other General Electric news, CEO John Leonard Flannery bought 103,983 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was acquired at an average price of $25.56 per share, with a total value of $2,657,805.48. Following the completion of the purchase, the chief executive officer now owns 509,430 shares of the company’s stock, valued at $13,021,030.80. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director James S. Tisch bought 100,000 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The shares were acquired at an average cost of $24.56 per share, with a total value of $2,456,000.00. The disclosure for this purchase can be found here. Corporate insiders own 0.36% of the company’s stock.

General Electric Company Profile

Insider Buying and Selling by Quarter for General Electric (NYSE:GE)

What are top analysts saying about General Electric Company? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for General Electric Company and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit