General Dynamics (NYSE:GD) reported quarterly earnings of $3.64 per share which missed the analyst consensus estimate of $3.71 by 1.89 percent. The company reported quarterly sales of $11.70 billion which beat the analyst consensus estimate of $11.37 billion by 2.88 percent. This is a 7.82 percent increase over sales of $10.85 billion the same period last year.
General Dynamics Q4 2023 GAAP EPS $3.64 Misses $3.71 Estimate Read Post »
By Will Feuer General Dynamics reported higher sales for the fourth quarter, powered by strong demand for the company’s aerospace unit and its marine systems business, which makes nuclear-powered submarines. The aerospace and defense company reported a profit of $1.01 billion, or $3.64 a share, up from $992 million, or $3.58 a share, in the same period a year earlier. Analysts surveyed by FactSet expected $3.68 a share. Revenue rose nearly 8% to $11.67 billion. Analysts expected $11.39 billion. Sales jumped nearly 15% in the company’s marine-systems unit and 12% in the aerospace division. Combat-systems sales rose almost 9%. Chief Executive Phebe Novakovic said the company’s aerospace unit is well-positioned to see a surge in deliveries once the Federal Aviation Administration certifies the Gulfstream G700 Write to Will Feuer at Will.Feuer@wsj.com
General Dynamics 4Q Sales Rise, Lifted by Aerospace, Marine Systems Read Post »
RBC Cuts Price Target on Lockheed Martin to $470 From $475, Notes F-35 Uncertainty, Keeps Sector Perform Rating.
RBC Cuts Price Target on Lockheed Martin to $470 From $475 Read Post »
RBC Trims Price Target on General Electric to $148 From $150, Notes ‘Incremental Aerospace Burden,’ Keeps Outperform Rating.
RBC Trims Price Target on General Electric to $148 From $150 Read Post »
Morgan Stanley Lifts Price Target on Accenture to $400 From $369, Cites Confidence in ‘Ability to Acquire Quality Assets at Attractive Valuations,’ Keeps Overweight Rating.
Morgan Stanley Lifts Price Target on Accenture to $400 From $369 Read Post »
Boeing (NYSE:BA) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/18/2024 32.58% Susquehanna $306 → $279 Maintains Positive 01/16/2024 6.92% Wells Fargo $280 → $225 Downgrades Overweight → Equal-Weight 12/15/2023 49.69% UBS $275 → $315 Maintains Buy 12/12/2023 — William Blair Initiates Coverage On → Outperform 12/06/2023 11.67% Barclays $210 → $235 Maintains Equal-Weight 12/01/2023 25.93% Stifel → $265 Initiates Coverage On → Buy 11/28/2023 30.68% RBC Capital $200 → $275 Upgrades Sector Perform → Outperform 11/20/2023 28.3% Deutsche Bank → $270 Upgrades Hold → Buy 11/01/2023 — Goldman Sachs Maintains Buy 10/31/2023 3.12% Northcoast Research → $217 Upgrades Neutral → Buy 10/26/2023 -4.96% RBC Capital $210 → $200 Maintains Sector Perform 10/26/2023 28.78% Citigroup $285 → $271 Maintains Buy 10/26/2023 4.54% Morgan Stanley $235 → $220 Maintains Equal-Weight 10/11/2023 30.68% UBS → $275 Initiates Coverage On → Buy 10/03/2023 9.3% Wells
Boeing (NYSE:BA) Stock Analyst Ratings Read Post »
Fidelity National Info (NYSE:FIS) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/18/2024 24.98% Mizuho $62 → $73 Maintains Buy 11/08/2023 14.71% RBC Capital $71 → $67 Maintains Outperform 11/08/2023 -5.84% Truist Securities $50 → $55 Maintains Hold 11/08/2023 21.55% Raymond James $79 → $71 Maintains Strong Buy 10/20/2023 -0.7% UBS → $58 Assumes Neutral → Neutral 10/17/2023 11.28% Wolfe Research → $65 Upgrades Peer Perform → Outperform 10/12/2023 — Seaport Global Initiates Coverage On → Neutral 10/06/2023 -4.13% TD Cowen → $56 Initiates Coverage On → Market Perform 09/29/2023 -5.84% Evercore ISI Group $60 → $55 Maintains In-Line 09/25/2023 19.84% Mizuho → $70 Reiterates Buy → Buy 08/25/2023 2.72% Evercore ISI Group $75 → $60 Downgrades Outperform → Neutral 08/22/2023 14.71% JP Morgan $64 → $67 Maintains Overweight 08/08/2023 19.84% Mizuho $80 → $70 Maintains Buy 08/03/2023 24.98% Morgan Stanley $79
Fidelity National Info (NYSE:FIS) Stock Analyst Ratings Read Post »
Fiserv, Inc. (NYSE: FI) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/18/2024 13.48% Mizuho $150 → $156 Maintains Buy 01/08/2024 16.39% Keybanc → $160 Upgrades Sector Weight → Overweight 12/22/2023 27.3% Tigress Financial $160 → $175 Maintains Buy 12/05/2023 10.57% BMO Capital → $152 Initiates Coverage On → Outperform 11/16/2023 9.11% UBS $140 → $150 Maintains Buy 11/16/2023 9.11% Mizuho $140 → $150 Maintains Buy 11/16/2023 4.75% RBC Capital → $144 Reiterates Outperform → Outperform 11/16/2023 9.11% Wedbush → $150 Reiterates Outperform → Outperform 11/16/2023 -3.25% Morgan Stanley $129 → $133 Maintains Equal-Weight 10/25/2023 27.3% Susquehanna $170 → $175 Maintains Positive 10/25/2023 6.93% Raymond James $145 → $147 Maintains Outperform 10/20/2023 1.84% UBS → $140 Assumes Buy → Buy 10/17/2023 -12.71% Truist Securities $130 → $120 Maintains Hold 08/22/2023 6.2% JP Morgan $136 → $146 Maintains Overweight 08/01/2023 4.75% RBC Capital
Fiserv, Inc. (NYSE: FI) Stock Analyst Ratings Read Post »
Mastercard Inc. (NYSE: MA) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/18/2024 7.73% Mizuho $420 → $462 Maintains Buy 01/11/2024 12.4% Goldman Sachs $433 → $482 Maintains Buy 01/11/2024 18.93% Oppenheimer → $510 Upgrades Perform → Outperform 01/08/2024 10.77% Keybanc $430 → $475 Maintains Overweight 12/20/2023 — Monness, Crespi, Hardt Initiates Coverage On → Neutral 12/12/2023 11.93% Jefferies $425 → $480 Maintains Buy 12/07/2023 15.43% Tigress Financial $476 → $495 Maintains Strong Buy 12/05/2023 10.77% BMO Capital → $475 Assumes → Outperform 10/31/2023 -2.06% Mizuho $435 → $420 Maintains Buy 10/30/2023 9.6% Barclays $479 → $470 Maintains Overweight 10/27/2023 0.74% RBC Capital $441 → $432 Maintains Outperform 10/27/2023 10.07% BMO Capital $488 → $472 Maintains Outperform 10/27/2023 2.37% Morgan Stanley $443 → $439 Maintains Overweight 10/27/2023 5.4% Raymond James $453 → $452 Maintains Outperform 10/27/2023 0.27% Keybanc $440 → $430 Maintains
Mastercard Inc. (NYSE: MA) Stock Analyst Ratings Read Post »
Visa Inc. (NYSE:V) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/18/2024 -0.57% Mizuho $243 → $265 Maintains Neutral 01/08/2024 12.56% Keybanc $275 → $300 Maintains Overweight 12/20/2023 — Monness, Crespi, Hardt Initiates Coverage On → Neutral 12/14/2023 14.44% UBS $295 → $305 Maintains Buy 12/12/2023 10.68% Jefferies $280 → $295 Maintains Buy 12/05/2023 5.06% BMO Capital → $280 Initiates Coverage On → Outperform 10/31/2023 -8.83% Mizuho $240 → $243 Maintains Neutral 10/30/2023 4.31% Barclays $285 → $278 Maintains Overweight 10/25/2023 1.3% Wedbush → $270 Reiterates Outperform → Outperform 10/25/2023 7.68% Raymond James $284 → $287 Maintains Outperform 10/18/2023 -5.45% Oppenheimer $248 → $252 Maintains Outperform 10/18/2023 3.18% Keybanc $265 → $275 Maintains Overweight 10/13/2023 -0.2% HSBC → $266 Initiates Coverage On → Hold 10/12/2023 6.93% Barclays $287 → $285 Maintains Overweight 10/12/2023 — Seaport Global Initiates Coverage On → Neutral 10/09/2023
Visa Inc. (NYSE:V) Stock Analyst Ratings Read Post »
UPS (UPS) faced “continuing softness” on domestic-packages volumes Q4, partly countering the company’s expectations for a partial recovery, UBS said Wednesday in a report. UBS cited FedEx (FDX) results in the November quarter and “other mixed indicators regarding transport activity during peak.” UPS’ domestic-package volumes in Q4 probably fell 7% from a year earlier, compared with an 11.5% drop in Q3, and the decline in volume will put pressure on the company’s margin performance, UBS said. UBS lowered the company’s Q4 earnings per share estimate to $2.40 from $2.59 on expectations for single-digit revenue growth and soft volumes. The company is also facing “a significant headwind” from the Teamster contract, UBS said. UBS cut its 2024 EPS estimate to $8.90 from $9.52. UBS raised its price target on the company to $165 from $151, while maintaining the neutral rating. UPS shares fell 1.1% in recent Wednesday trading.
UPS Faces ‘Continuing Softness’ in Domestic-Package Volumes, UBS Says Read Post »
The grounding of the Boeing 737 MAX 9 is likely to impact 1Q earnings for airlines that fly the plane, Evercore ISI analysts write. United Airlines and Alaska Air could see wider than anticipated 1Q losses as the grounding cuts into flying capacity, the analysts say. Assuming the grounding continues through the end of January and including the impact of recent bad weather, they estimate United’s 1Q loss to widen to 73 cents per share from its previous estimate of a 32 cent per share loss, and Alaska’s to widen to 80 cents per share from the 37 cent per share loss they previous forecast. Still, they say airlines should have an easier time accommodating affected passengers as post-holiday demand slows down.
Analysts Estimate MAX 9 Grounding Impact Read Post »