General Dynamics Corporation (GD) reported quarterly earnings results on Wednesday, Jul-27-2016. The company said it had a profit of $2.44 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.13. Analysts had a consensus of $2.31. The company posted revenue of $7665.00 million in the period, compared to analysts expectations of $7864.90 million. The company’s revenue was down -2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.27 EPS.
Many Wall Street Analysts have commented on General Dynamics Corporation. Company shares were Reiterated by Barclays on May 2, 2016 to “Overweight”, Firm has raised the Price Target to $ 161 from a previous price target of $157 .
General Dynamics Corporation opened for trading at $146.5 and hit $147.49 on the upside on Thursday, eventually ending the session at $147.1, with a gain of 0.32% or 0.47 points. The heightened volatility saw the trading volume jump to 21,50,502 shares. Company has a market cap of $44,961 M.
In a different news, on Feb 22, 2016, Gregory S Gallopoulos (Senior VP, Gen. Counsel, Sec.) sold 60,890 shares at $134.47 per share price. According to the SEC, on Nov 3, 2015, S. Daniel Johnson (Executive Vice President) sold 48,890 shares at $147.55 per share price. On Nov 3, 2015, Christopher Marzilli (Vice President) sold 40,550 shares at $147.91 per share price, according to the Form-4 filing with the securities and exchange commission.
General Dynamics Corporation is an aerospace and defense company that offers a portfolio of products and services in business aviation; combat vehicles weapons systems and munitions; communications and information technology systems and solutions and military and commercial shipbuilding. The Company operates through four business groups: Aerospace Combat Systems Information Systems and Technology and Marine Systems. Aerospace group designs manufactures and outfits a family of Gulfstream business-jet aircraft and provides aircraft services. Combat Systems group is engaged in systems engineering spanning design development manufacture and support of military vehicles weapons systems and munitions. Marine Systems group designs builds and supports submarines and surface ships. Information Systems and Technology group provides technologies products and services that support a range of military federal/civilian and commercial information-systems requirements.