Goldman Sachs Group (NYSE:GS) is scheduled to release its earnings data before the market opens on Monday, April 15th. Analysts expect Goldman Sachs Group to post earnings of $5.14 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.
Goldman Sachs Group (NYSE:GS) last announced its earnings results on Wednesday, January 16th. The investment management company reported $6.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.15 by $0.89. The business had revenue of $8.08 billion during the quarter, compared to analysts’ expectations of $7.48 billion. Goldman Sachs Group had a net margin of 28.92% and a return on equity of 13.84%. The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the company posted $5.68 EPS. On average, analysts expect Goldman Sachs Group to post $23 EPS for the current fiscal year and $26 EPS for the next fiscal year.
Shares of Goldman Sachs Group stock opened at $207.84 on Friday. The stock has a market cap of $74.39 billion, a P/E ratio of 8.22, a PEG ratio of 1.31 and a beta of 1.22. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 2.84. Goldman Sachs Group has a 12-month low of $151.70 and a 12-month high of $262.50.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 28th were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend was Wednesday, February 27th. Goldman Sachs Group’s dividend payout ratio (DPR) is currently 12.66%.
In other Goldman Sachs Group news, EVP Dane E. Holmes sold 1,489 shares of the firm’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $198.31, for a total value of $295,283.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.41% of the company’s stock.
A number of brokerages recently issued reports on GS. BMO Capital Markets reiterated a “hold” rating on shares of Goldman Sachs Group in a research report on Monday, January 21st. Zacks Investment Research cut shares of Goldman Sachs Group from a “hold” rating to a “sell” rating in a research report on Tuesday, April 2nd. HSBC set a $202.00 target price on shares of Goldman Sachs Group and gave the stock a “neutral” rating in a research report on Thursday, April 4th. Morgan Stanley lowered their price objective on shares of Goldman Sachs Group from $226.00 to $207.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 8th. Finally, Oppenheimer raised their price objective on shares of Goldman Sachs Group from $302.00 to $312.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $251.08.
About Goldman Sachs Group
The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.
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