December 15th, 2015

Company Update (NYSE:GE): Smart Outcomes for Enterprises, Cities Grow as Current, Powered by GE Expands Digital App Catalog

[Business Wire] – To broaden business outcomes and use cases, Current, powered by GE , continues to grow its Intelligent Environments App catalog. Six new partners join the company’s expanding digital ecosystem, pairing sensors and software with Current’s energy-centric infrastructure and GE’s Predix cloud platform to drive new learnings and outcomes for commercial and municipal customers. Read more on this. General Electric Company (GE) , valued at $276.51B, started the session at $29.82. A quick look at the market, the company’s stock traded between $29.79 and $30.09 with its 52-week range being $19.37 to $32.05. GE shares are currently priced at 19.75x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 14.23x earnings multiple. The company pays shareholders $0.92 per share annually in dividends, yielding 3.06%. Consensus earnings for the current quarter by the 14 sell-side analysts covering the stock is an estimate of $0.46 per share, which would be $0.15 better than the year-ago quarter and a $0.17 sequential increase. The full-year EPS estimate is $1.51 which would be a $0.20 improvement than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $30.84 Billion. If realized, that would be a 5.18% increase over the year-ago quarter. In terms of ratings, Cowen Initiated GE at Market Perform (Jun 7, 2016). Previously, Bernstein downgraded GE from Outperform to Mkt Perform. The average price target for GE shares by the analysts covering it is $32.53, which is 9.09% above where the stock opened. See more in (NYSE:GE) Similar Articles: Market Update (NYSE:GE): GE Signs Digital Power Plant Agreement with Hubco for Pakistan’s Largest Steam Power Plant Company Update (NYSE:GE): EY and GE Digital form alliance in Industrial Internet of Things Company Update (NYSE:CAT): Caterpillar Introduces "The Age of Smart Iron" – Digital Technology designed to Transform Productivity, Efficiency and Safety on Job Sites
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