General Electric (GE) Aktie News

Wall Street has hiked the average price target for GE Aerospace stock in the latest stage of upbeat news for longtime investors.

GE Aerospace is still ramping engine deliveries at an impressive rate, which will hold back profitability this year. The company's near-term valuation should be evaluated in the context of its long-term earnings and cash flow generation.

The transportation sector literally helps to drive the U.S. economy forward. According to the U.S. Department of Transportation, the transportation and warehouse sector made up of planes, trains and automobiles contributed $1.7 trillion to the economy in 2022 (latest statistics available).

Although not ideal for GE, a delay in new engine deliveries means older GE engines are likely to be run more. GE remains an excellent option for investors looking for aerospace and defense exposure.

On April 23, 2024, GE Aerospace (NYSE: GE, $161.26, Market Capitalization: $176.5 billion) reported robust 1Q24 results, with a strong beat on EPS versus consensus. It should be noted that as GE Vernova was spun off from GE on April 2, and Vernova remained a part of the consolidated company for 1Q24.

GE completes its spinoff of power and renewables units and rebrands as GE Aerospace. The aerospace business had a 19% profit margin last quarter, the highest of any of the company's segments.

General Electric General Electric (NYSE: GE) recently reported its Q1 results, with revenues and earnings beating the street estimates. The company reported adjusted revenue of $15.2 billion and adjusted earnings of $0.82 per share, compared to the consensus estimates of $15.1 billion and $0.65, respectively.

On April 25th, less than one month after becoming an official company, General Electric Vernova reported its first-ever financial results. Unfortunately, in the quarter, GE Vernova orders of $9.7 billion were mostly flat, down 1% organically.