Previous Close | 150.19 |
Open | 148.83 |
Bid | 157.25 x 800 |
Ask | 157.69 x 1000 |
Day's Range | 155.68 - 158.42 |
52 Week Range | 76.69 - 158.69 |
Volume | |
Avg. Volume | 8,453,911 |
Market Cap | 170.756B |
Beta (5Y Monthly) | 1.24 |
PE Ratio (TTM) | 19.57 |
EPS (TTM) | 7.98 |
Earnings Date | Apr 23, 2024 |
Forward Dividend & Yield | 1.12 (0.75%) |
Ex-Dividend Date | Apr 12, 2024 |
1y Target Est | 166.86 |
Strong Performance in Commercial Engines & Services and Defense & Propulsion Technologies Drive Growth
GE stock rallied 5% early Tuesday as GE Aerospace topped quarterly results and raised its operating profit outlook.
(Reuters) -GE Aerospace on Tuesday raised its full-year profit forecast even as it continues to wrestle with supply-chain challenges to keep up with strong demand for jet engines. The company has been benefiting from a surge in demand for after-market services as a strong rebound in travel and a shortage of aircraft due to production and engine issues has forced carriers to keep older jets in the air for longer. Analysts say planemaker Boeing's ongoing safety crisis is also expected to be a near-term benefit for GE Aerospace as it increases demand for older engines and allows the company to supply more of its LEAP engines in the aftermarket.