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Stock Update: General Electric Company (NYSE:GE) – Microsoft (MSFT), GE CEOs Discuss Partnership With CNBC’s Jon Fortt

[at TheStreet] – Microsoft (MSFT) CEO Satya Nadella and General Electric (GE) CEO Jeffrey Immelt explained why they partnered on the cloud to CNBC’s Jon Fortt today. Read more on this. General Electric Company (GE) , valued at $298.22B, opened at $32.26. Today, shares have traded between $32.27 and $32.50 per share with a one year range of $19.37 to $32.50. GE shares are currently priced at 21.47x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 13.44x earnings multiple for the same period. And for income investors, the company pays shareholders $0.92 per share annually in dividends, yielding 2.86%. In a review of the consensus earnings estimate this quarter, 15 sell-side analysts are looking at $0.46 per share, which would be $0.15 better than the year-ago quarter and a $0.18 sequential increase. The full-year EPS estimate is $1.50, which would be a $0.19 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $31.53 Billion. If reported, that would be a 7.54% increase over the year-ago quarter. In terms of ratings, Cowen Initiated GE at Market Perform (Jun 7, 2016). Previously, Bernstein downgraded GE from Outperform to Mkt Perform. The average price target for GE shares by the analysts covering the stock is $32.53, which is 0.84% above where the stock opened this morning. See more in (NYSE:GE) Similar Articles: Market Update: General Electric Company (NYSE:GE) – Schindler and GE Enter Strategic Partnership to Power Digital Urban Mobility Stock Update: General Electric Company (NYSE:GE) – General Electric Company Announces Offers to Register Outstanding Notes of GE Capital International Funding Company Unlimited Company Issued in October 2015 Exchange Offer Stock Update: General Electric Company (NYSE:GE) – General Electric to move headquarters to Boston – report
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