Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  General Electric Company    GE

Mes dernières consult.
Most popular
News SummaryMost relevantAll newsSector newsTweets

General Electric : Restructuring with an Expansion | Calamatta Cuschieri

share with twitter share with LinkedIn share with facebook
share via e-mail
11/14/2017 | 06:55pm CET

General Electric Company announced that it will be cutting its dividend and Lyft Inc. will be entering Toronto market by the end of the year

Calamatta Cuschieri

14 November 2017, 9:34am

Print Version

General Electric announced that it will be cutting its dividend by 50% to $0.12 per share as of December amid restructuring efforts

Markets Today

Markets in Europe closed in the red on Monday on investors' worries over the political situation in the UK after reports emerged 40 Tory members of parliament are ready to sign a letter of no confidence in Prime Minister Theresa May. Meanwhile, the Confederation of British Industry urged May to speed up Brexit negotiations amid concerns a "no deal" scenario would harm businesses in the UK. This pushed the British Pound lower. Furthermore, should eight more lawmakers sign the letter, a vote of no confidence would be triggered.

The FTSE 100 was down 0.24%. Babcock International pulled the index down as it plunged 7.32%. The DAX declined 0.40%. The worst performer was ThyssenKrupp as the mining company's shares sank 2.66%. The CAC 40 dropped 0.73%. Carrefour led the losses as the retailer lost 2.54%.

On Wall Street, US stocks were seen lower as markets focused on the GOP tax reform plan, as well as corporate earnings. A vote on taxes is expected later in the week in the House of Representatives. Earlier, reports emerged the corporate tax cuts may be delayed until 2019.

General Electric

General Electric Company announced that it will be cutting its dividend by 50% to $0.12 per share as of December amid restructuring efforts. According to Chief Executive Officer John Flannery, this is important to drive shareholder return by aligning dividend pay out to cash flow generation. This implementation makes General Electric simpler and stronger to drive growth and create more value to the shareholders. The company also announced that it is going to lay off thousands and cut the number of its board members in a bid to cut costs.

In its 125-year history, the company only cut dividends twice, during the Great Depression and in 2009 as a result of the latest financial crisis. However, the latest cut comes after it was revealed the company is looking to make some big changes to its business.

Lyft Inc

Ride-sharing application operator Lyft Inc. will be entering the Toronto market by the end of the year. The San Francisco–based company is the biggest competitor of Uber Technologies Inc. The company will start offering its services to the residents of the greater Toronto area in one month.

Fifty Thousand Toronto residents already have the application on their devices. After its recent expansion to cover 94% of US residents, the company reached a total of 500 million rides through its network. In October, Lyft raised $1 billion through funding.


This article was issued by Rodrick Duca, Trader at Calamatta Cuschieri. For more information visit,www.cc.com.mt. The information, view and opinions provided in this article is being provided solely for educational and informational purposes and should not be construed as investment advice, advice concerning particular investments or investment decisions, or tax or legal advice. Calamatta Cuschieri Investment Services Ltd has not verified and consequently neither warrants the accuracy nor the veracity of any information, views or opinions appearing on this website.

(c) 2017 MediaToday Co. Ltd. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

share with twitter share with LinkedIn share with facebook
share via e-mail
08:33p BOEING : Kazakhstan to purchase Boeing planes, build new GE locomotives
07:29p GENERAL ELECTRIC : GE's 2018 gains wiped out as worries about turnaround plan pe..
06:42p Rolls-Royce shares jump as commercial marine business goes on block
06:42p Rolls-Royce shares jump as commercial marine business goes on block
06:27p GENERAL ELECTRIC : For GE, a Breakup Is No Quick Fix
05:17p FIRST GE, NOW ROLLS-ROYCE : Engine Maker Considers Spinoff -- Update
03:39p Rolls-Royce to Exit Commercial Marine Business in Restructuring -- Update
02:09p GENERAL ELECTRIC : GECAS Arranges Sale-Leaseback Plus PDP Financing for 10 A320c..
02:02p GE TRANSPORTATION : Signs Locomotive and Service Agreements Valued over $900 Mil..
12:01p GENERAL ELECTRIC : Crisis talks on general electric
More news
News from SeekingAlpha
03:10p GENERAL ELECTRIC : Massive Disappointment
02:22p GE continues lower as analysts see problems with potential breakup
01:57p GE : On A Wing And A Prayer
01:23p General Electric (GE) Reports on Insurance Update - Slideshow
08:38a Trian behind push to breakup GE
Financials ($)
Sales 2017 124 B
EBIT 2017 10 882 M
Net income 2017 7 225 M
Debt 2017 68 338 M
Yield 2017 4,87%
P/E ratio 2017 24,67
P/E ratio 2018 19,07
EV / Sales 2017 1,82x
EV / Sales 2018 1,70x
Capitalization 158 B
Duration : Period :
General Electric Company Technical Analysis Chart | GE | US3696041033 | 4-Traders
Technical analysis trends GENERAL ELECTRIC COMPANY
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 16
Average target price 21,2 $
Spread / Average Target 17%
EPS Revisions
John L. Flannery Chairman & Chief Executive Officer
Daniel Janki Treasurer & Senior VP-Global Operations
Jamie S. Miller Chief Financial Officer
Jim Fowler Chief Information Officer
Victor Abate Chief Technology Officer & Senior Vice President
Sector and Competitors
1st jan.Capitalization (M$)
3M3.87%145 769
SIEMENS5.90%128 010