General Dynamics Corporation

GD

US3695501086

Aerospace & Defense

Real-time Estimate Cboe BZX Other stock markets 09:31:59 2024-04-16 am EDT			5-day change	1st Jan Change
285.6 ^USD	+0.29%		-2.86%	+9.66%

11:22am	Goldman Sachs Adjusts General Dynamics' Price Target to $284 From $253, Keeps Neutral Rating	MT
Apr. 15	Global markets live: Goldman Sachs, Apple, Salesforce, Boeing Tesla...

General Dynamics Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended October 02, 2022

October 26, 2022 at 07:00 am EDT

General Dynamics Corporation reported earnings results for the third quarter and nine months ended October 02, 2022. For the third quarter, the company reported sales was USD 9,975 million compared to USD 9,568 million a year ago. Net income was USD 902 million compared to USD 860 million a year ago. Basic earnings per share from continuing operations was USD 3.29 compared to USD 3.09 a year ago. Diluted earnings per share from continuing operations was USD 3.26 compared to USD 3.07 a year ago.
For the nine months, sales was USD 28,556 million compared to USD 28,177 million a year ago. Net income was USD 2,398 million compared to USD 2,305 million a year ago. Basic earnings per share from continuing operations was USD 8.7 compared to USD 8.2 a year ago. Diluted earnings per share from continuing operations was USD 8.61 compared to USD 8.16 a year ago.

Latest news about General Dynamics Corporation

Goldman Sachs Adjusts General Dynamics' Price Target to $284 From $253, Keeps Neutral Rating	05:22am	MT
Global markets live: Goldman Sachs, Apple, Salesforce, Boeing Tesla...	Apr. 15
Barclays Adjusts Price Target on General Dynamics to $310 From $285, Keeps Overweight Rating	Apr. 15	MT
Market outlook is uncertain, but optimism prevails	Apr. 15
Wall St set for higher open after Friday's sell-off amid Mideast jitters	Apr. 15	RE
Barclays Adjusts General Dynamics' Price Target to $310 From $285	Apr. 12	MT
Susquehanna Adjusts General Dynamics' Price Target to $333 From $301	Apr. 12	MT
China sanctions two US defence firms for selling Taiwan weapons	Apr. 11	RE
Deutsche Bank Raises General Dynamics' Price Target to $324 From $310, Maintains Buy Rating	Apr. 05	MT
Wells Fargo Adjusts Price Target on General Dynamics to $322 From $291, Keeps Overweight Rating	Apr. 04	MT
Toyota, GM Sales Signal Shift Back to Cheaper Cars	Apr. 03	MT
UBS Raises General Dynamics Price Target to $306 From $296, Maintains Neutral Rating	Apr. 02	MT
RBC Raises Price Target on General Dynamics to $325 From $300, Says G700 Certification Should Provide Q2 Upside; Outperform Kept	Apr. 02	MT
US FAA certifies Gulfstream G700 business jet	Mar. 29	RE
General Dynamics IT Unit Gets $922 Million Deal to Modernize US Central Command IT Infrastructure	Mar. 28	MT
General Dynamics Unit Awarded $922 Million Contract to Modernize CENTCOM Infrastructure	Mar. 28	DJ
General Dynamics unit awarded $922 mln IT infrastructure contract	Mar. 28	RE
General Dynamics Corporation Receives a Shareholder Proposal from John Chevedden	Mar. 22	CI
Boeing defense suppliers delivered 80% on time in 2023 amid supply-chain snags	Mar. 19	RE
Biden's meager 1% US defense budget increase buys fewer ships, jets	Mar. 11	RE
Honeywell will seek 'relief' on Bombardier engine pricing case at Canada's top court	Mar. 11	RE
Biden's meager 1% US defense budget increase buys fewer ships, jets	Mar. 11	RE
US says it approves possible sale of military telecoms system to Canada	Mar. 07	RE
General Dynamics Raises Quarterly Dividend to $1.42 per Share	Mar. 06	DJ
General Dynamics Raises Quarterly Dividend to $1.42/Share From $1.32; Payable May 10 to Holders of Record on April 12	Mar. 06	MT

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Company Profile

General Dynamics Corporation specializes in the design, manufacturing and marketing of aeronautical, space, naval, and defense systems and equipment. Net sales break down by family of products and services as follows: - information systems and technologies (30.6%): telecommunication, control, surveillance, monitoring, and similar systems; - submarines and boats (29.5%); - business aircraft (20.4%). Moreover, the group offers maintenance and assistance services etc.; - defense and security systems (19.5%): armored combat vehicles, land combat systems, weapons systems, munitions, protection and detection systems, etc. Net sales break down by source of income between sales of products (58.2%) and services (41.8%). Net sales are distributed geographically as follows: the United States (85.5%), North America (2.3%), Europe (6.5%), Africa and Middle East (2.7%), Asia/Pacific (2.6%) and America Latin (0.4%).

Sector

Aerospace & Defense

Calendar

2024-04-23 - Q1 2024 Earnings Release

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S&P 500

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Ratings for General Dynamics Corporation

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ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

284.8 USD

Average target price

304.1 USD

Spread / Average Target

+6.80%

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