GE Vernova (GEV) Expected to Announce Earnings on Wednesday

GE Vernova (NYSE:GEV) is anticipated to issue its quarterly earnings data before the market opens on Wednesday, April 23rd. Analysts expect the company to announce earnings of $0.45 per share and revenue of $7.56 billion for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

GE Vernova (NYSE:GEV) last issued its quarterly earnings data on Wednesday, January 22nd. The company reported $1.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.57). The firm had revenue of $10.56 billion during the quarter, compared to analyst estimates of $10.70 billion. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, analysts expect GE Vernova to post $7 EPS for the current fiscal year and $11 EPS for the next fiscal year.

GE Vernova Stock Down 1.6 %

GEV opened at $322.81 on Monday. The firm’s 50 day moving average is $321.67 and its 200-day moving average is $330.67. The firm has a market capitalization of $88.24 billion and a P/E ratio of 58.06. GE Vernova has a 52-week low of $132.11 and a 52-week high of $447.50.

GE Vernova Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, April 18th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.31%. The ex-dividend date is Thursday, April 17th. GE Vernova’s dividend payout ratio (DPR) is presently 17.99%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on GEV shares. Robert W. Baird cut their price target on GE Vernova from $448.00 to $387.00 and set an “outperform” rating on the stock in a report on Tuesday, April 15th. Jefferies Financial Group increased their price target on GE Vernova from $391.00 to $413.00 and gave the company a “buy” rating in a research note on Thursday, March 27th. Citigroup decreased their target price on GE Vernova from $437.00 to $354.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. The Goldman Sachs Group boosted their price target on shares of GE Vernova from $446.00 to $500.00 and gave the company a “buy” rating in a report on Friday, January 24th. Finally, New Street Research set a $380.00 price target on shares of GE Vernova in a report on Wednesday, March 5th. Seven investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $357.13.

Institutional Trading of GE Vernova

An institutional investor recently raised its position in GE Vernova stock. Brighton Jones LLC lifted its stake in shares of GE Vernova Inc. (NYSE:GEV) by 29.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,315 shares of the company’s stock after buying an additional 753 shares during the period. Brighton Jones LLC’s holdings in GE Vernova were worth $1,091,000 at the end of the most recent quarter.

GE Vernova Company Profile

GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions.