|Bid||97.00 x 100|
|Ask||0.00 x 0|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|PE Ratio (TTM)||36.48|
|Earnings Date||Jul 24, 2018|
|Forward Dividend & Yield||0.48 (0.47%)|
|1y Target Est||104.64|
Friday’s earnings report from General Electric (NYSE:GE) was a dubious victory for shareholders. The company managed to top earnings and revenue expectations. But, those expectations were tepid — at best — to account for the headwind GE has been wrestling with for a while now. William Blair analyst Nick Heymann’s simple assessment of “They didn’t screw up” subtly depicts how little Wall Street expects from the once-iconic organization right now.
Stock Research Monitor: KSU, WAB, and GBX LONDON, UK / ACCESSWIRE / July 16, 2018 / If you want a free Stock Review on NSC sign up now at www.wallstequities.com/registration . On Friday, July 13, 2018, ...
WILMERDING, Pa., July 11, 2018-- Wabtec Corporation declared its regular quarterly dividend of 12 cents per share, payable on Aug. 24, 2018 to holders of record on Aug. 10, 2018.. Wabtec also said it will ...
After a deal with GE Transportation in May, the rail product manufacturing company looks toward more new options.
Over the last month, growth of ETFs holding WAB is favorable, with net inflows of $7.36 billion. This is among the highest net inflows seen over the last one-year and the rate of additional inflows appears to be increasing.
General Electric stock soared on Tuesday after management announced plans to separate the industrial conglomerate's healthcare segment and its stake in Baker Hughes from the rest of the company.
Moody's Investors Service ("Moody's") affirmed the ratings of General Electric Company ("GE"), including the A2 senior unsecured rating and the P-1 short term rating. Concurrently, ...
The company will sell its distributed power business to a private equity firm for $3.25 billion, adding to a hefty haul from other asset sales announced in the past year.
Early this year, General Electric (NYSE:GE) CEO John Flannery unofficially confirmed what many had suspected for months … at least a partial breakup of the industrial giant was inevitable. Or, perhaps the market didn’t believe General Electric was really going to start parsing itself up in an effort to save itself in pieces. As of the most recent look, the possibility has only been suggested by “people familiar with the matter.” In terms of credibility though, it’s not difficult to believe there’s some truth in the reports that GE is close to selling its industrial gas engines business to private equity firm Advent International.
General Electric had a market capitalization of $135 billion (as of May 21, 2018), and is one of America’s most familiar brands. The company produces products ranging from toasters and clock radios to the GEnx jet engine for the Boeing 787. It's the first big move from new CEO John Flannery, who took over in September of this year.
GE Transportation nabbed a 50-locomotive order from a Class I railroad that will mean more business for its Fort Worth plant, the companies announced Thursday.
The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market and want to begin learning the link betweenRead More...
GE first entered the Dow in 1896 and has been continuous member since 1907. "Since then the U.S. economy has changed: consumer, finance, healthcare and technology companies are more prominent today and the relative importance of industrial companies is less," said David Blitzer, managing director and chairman of the index committee at S&P Dow Jones Indices.
Just a few days ago, J.P. Morgan analyst Stephen Tusa suggested industrial giant General Electric Company (NYSE:GE) should be — if it wasn’t — mulling the possibility of yet another dividend cut. Of all the ways the company could allocate its operating cash flow in its present situation, sustaining the dividend payout seems to make the least mathematical sense.
Wabtec Corp. on Wednesday said it has entered into new financing arrangements in connection with its pending $10 billion merger with GE Transportation. The new arrangements include syndication of a $2.5 billion senior unsecured bridge commitment and $400 million senior unsecured delayed draw term loan to fund the cash portion of the merger, Wilmerding-based Wabtec (NYSE:WAB) said in a release. This provides that the bridge commitment will be reduced by any alternative financing that Wabtec arranges prior to closing, which may include additional loans or long-term notes.
The new arrangements include syndication of a $2.5 billion senior unsecured bridge commitment and $400 million senior unsecured delayed draw term loan to fund the cash portion of the merger. The new arrangements provide that the bridge commitment will be reduced by any alternative financing that Wabtec arranges prior to closing, which may include additional loans or long-term notes. In addition, the company refinanced an existing revolving credit facility with a $1.2 billion senior unsecured revolver with a five-year term, and refinanced an existing $350 million senior unsecured term loan with a three-year term loan.
General Electric recently made the headlines with an $11 billion deal to sell its GE Transportation unit to Wabtec. However, that's just one of several divestitures in the works, as GE looks to simplify its business and pay down debt.
In recent years, GE stock has provided ample profits for both bulls and bears. When I took my first crack at analyzing GE stock, I was bullish. General Electric is an American icon that has survived world wars, great depressions and perhaps President Trump.
It's been a rollercoaster ride for General Electric (GE) shareholders lately, as the market applauded its deal with Wabtec (WAB) before punishing the stock for not committing to its dividend payout for 2019. JPMorgan's Stephen Tusa, who is firmly in the bear camp, on Wednesday warns about GE Capital, which he calls an "underappreciated risk" for the shares, hitting on one of his favorite themes--that GE will still have to raise more capital.
If you own General Electric Company (NYSE:GE) stock, Wednesday’s 7.3% decline was the company’s worst day in almost a decade. “… Being deliberate and then moving when things make sense, as opposed to moving just because somebody wants us to — it’s just my style,” Flannery said at an industry conference. No amount of handholding and reassurances by Flannery is going to change the fact the hole it’s in is incredibly deep and incredibly wide.