|Bid||44.37 x 1000|
|Ask||44.38 x 800|
|Day's Range||43.54 - 44.46|
|52 Week Range||42.53 - 72.87|
|Beta (3Y Monthly)||1.84|
|PE Ratio (TTM)||8.85|
|Earnings Date||Oct 16, 2019 - Oct 21, 2019|
|Forward Dividend & Yield||0.08 (0.18%)|
|1y Target Est||60.69|
It's easy to match the overall market return by buying an index fund. But if you buy individual stocks, you can do...
Earnhardt, along with his family and two pilots, escaped the Cessna Citation Latitude uninjured after it crashed off the end of Tennessee runway after landing Thursday.
New data from the General Aviation Manufacturers Association shows business jet deliveries were up 12.5 percent through the first half of the year.
Koch Industries Inc. once again has the best-known brand in Kansas. That’s according to the sixth annual brand-power survey, released by Wichita-based RSM Marketing Services. The results were based off an online survey conducted earlier this month in collaboration with the Wichita Consumer Research Center. It asked 1,000 Kansans to name the three brands from the state they thought were the most well-known around the country. “Over the past six years, we’ve seen Koch Industries go from non-existent on our survey to holding the top spot the last three years,” RSM’s managing partner, Bruce Rowley, says in a press release. Many of the mentions are clearly referring to ‘Koch Industries,’ while others refer to the political activities of the ‘Koch Brothers.’” Aviation once again had a strong showing, including the continued addition of the Boeing Co. (NYSE: BA), which along with the likes of Pizza Hut, Coleman Co. (both founded in Wichita) and Frito Lay, remain brands still strongly associated with the state despite not being based in Kansas. Also in aviation were the Cessna and Beechcraft brands of Textron Inc. (NYSE: TXT) division Textron Aviation, along with the first appearance by Spirit AeroSystems Inc. (NYSE: SPR), all of Wichita. “This year it was exciting to see five brands make their first appearance in the Top 25,” says Mike Snyder, managing partner at RSM.
One of the biggest customers of Textron Aviation has secured additional funding that will help drive orders for work done in Wichita. Wheels Up, a membership-based private aviation company, says it recently completed a Class D equity capital raise of $128 million to push its total valuation past $1.
General Electric (NYSE:GE) stock is reeling after an earnings disappointment. Shares in the conglomerate have fallen more than 10% since announcing earnings July 31. The GE stock price opened at $10.76 on July 31, and has since slid to a close of $9.57 on August 6.Source: Shutterstock With quarterly sales down 1%, and total orders down 4%, the turnaround led by CEO Lawrence Culp remains a work in progress. Since 2018, investors have tried to call a bottom in GE stock. Some said the bottom would be $10 a share, only to see the stock fall as low as $6.51 a share in December. While shares have appreciated since the start of 2019, this recent earnings disappointment calls into the question the rebound of General Electric stock. * 5 Cheap Stocks to Buy Now That the Fed Cut Rates So what is the verdict on GE stock? Is the company's turnaround plan still in motion, or will the company experience additional headwinds? Let's take a closer look, and see whether investors can expect upside in the GE stock price.InvestorPlace - Stock Market News, Stock Advice & Trading Tips A Closer Look at General Electric StockAs mentioned above, GE's second quarter 2019 earnings failed to meet expectations. The year-over-year revenue declines were largely attributable to issues in the Power segment. The unit saw sales drop 25% from the prior year's quarter. Segment profits were down 71%. But GE's other units had performance issues of their own. The company's Renewable Energy segment saw significant revenue growth (26% year-over-year), but posted a segment loss of $184 million. Aviation saw sales bump up 5%, but segment profits were down 6% from the prior year's quarter.Healthcare was the only segment that saw an improvement in operating earnings, with quarterly segment profit up 3% from the second quarter of 2018. The Oil & Gas unit saw a 7% revenue increase, but a 2% decline in segment profit. GE Capital, the company's most complex and troubled segment, was able to trim losses from continued operations. Combined with gains from discontinued operations, GE Capital earned $148 million in the second quarter.But despite this tepid performance, the company has improved their outlook for 2019. In March, the company projected revenue growth in the low-to-mid single digits for the year. Now, the company believes sales will grow in the mid-single digits. The adjusted EPS (earnings-per-share) forecast has improved from a range of 50 cents to 60 cents, up to a range of 55 cents to 65 cents. GE even reduced their projected restructuring costs from $2.4-$2.7 billion, down to $1.7-$2 billion.In the short-term, GE stock faces headwinds. Long-term, the Culp-led turnaround is still in play. Does this make General Electric stock a buy today? Let's take a look at valuation and see if investors should buy at the current GE stock price. GE Stock Valuation: In Line With PeersGeneral Electric stock currently trades at a forward Price-to-Earnings (Forward P/E) ratio of 21.7. The company's trailing twelve month Enterprise Value/EBITDA (EV/EBITDA) ratio is 13.5. Here are the valuations of GE's peers in the industrial conglomerate space:Danaher (NYSE:DHR): Forward P/E of 24.7, EV/EBITDA of 21.9Honeywell (NYSE:HON): Forward P/E of 18.8, EV/EBITDA of 14.3Textron (NYSE:TXT): Forward P/E of 12, EV/EBITDA of 93M (NYSE:MMM): Forward P/E of 16.2, EV/EBITDA of 14United Technologies (NYSE:UTX): Forward P/E of 15, EV/EBITDA of 12The valuation of GE stock is in line with peers. GE's EV/EBITDA number may be skewed by the GE Capital unit, which utilizes a great deal of leverage. Nevertheless, investors are not paying a premium for General Electric stock. On the other hand, they are not getting a tremendous bargain. But with the company in the midst of a turnaround, operating earnings could materially improve, helping to boost the GE stock price.But with recent stumbles, can Lawrence Culp successfully pull off a turnaround? As the former CEO of Danaher, investors have high expectations for his skills as an operator. Danaher saw significant long-term stock appreciation thanks to its ability to generate high operating margins from mature industrial businesses. Can Culp do the same for GE? Bottom Line: GE Stock Has PotentialGeneral Electric stock has potential. But many stocks have "potential." The question is whether the company can pull off a turnaround, remaking itself as a high-margin industrial conglomerate. If Culp can do for GE what he did at Danaher, the company could see not only improvements in earnings, but an enhanced stock valuation. This means significant upside in the GE stock price.For investors entering the stock today, do not expect things to turn around by next quarter. In fact, I would not be surprised if GE stock took another tumble. But for long-term investors looking to make a contrarian bet, GE is a strong opportunity.As of this writing, Thomas Niel did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Internet Stocks Getting Hammered * 6 Big Growth ETFs to Buy For the Second Half of 2019 * 5 Cheap Stocks to Buy Now That the Fed Cut Rates The post Expect to Wait for General Electric Stock to Turn Around appeared first on InvestorPlace.
Steady revenue passenger mile growth and slower retirements of older aircraft, as well as the Esterline buyout are likely to boost Transdigm Group's (TDG) Q3 results.
Textron Inc. (TXT) today announced that it is reviewing strategic alternatives for its Kautex business unit, which produces fuel systems and other functional components. Textron plans to consider a range of options, including a sale, tax-free spin-off or other transaction. Kautex operates over 30 plants in 14 countries and generated over $2.3 billion in revenue in 2018.
Continuing woes in the rail business caused Bombardier to again cut its financial outlook for the year.
Aerojet Rocketdyne (AJRD) delivers better-than-expected earnings and revenues in second-quarter 2019. The top line also increases year over year.
Wesco Aircraft (WAIR) has been significantly lowering costs associated with the execution of Wesco 2020 initiatives, which in turn may drive its Q3 earnings.
Textron Inc. (NYSE:TXT) is a company with exceptional fundamental characteristics. Upon building up an investment case...
Leidos Holdings (LDOS) reports better-than-expected earnings and revenues in second-quarter 2019. Also, the company partially raises its outlook for the current year.
Textron Aviation and Wichita State University on Tuesday announced that the company will join other aerospace heavyweights in adding a physical footprint on the school’s Innovation Campus. According to a press release, Textron Aviation, the locally based division of Textron Inc.