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

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

News SummaryMost relevantAll newsSector newsTweets

General Electric : Restructuring with an expansion

share with twitter share with LinkedIn share with facebook
share via e-mail
11/15/2017 | 12:23am CET

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 Standard Publications 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
01:38aDJGENERAL ELECTRIC : Correction to GE's New Chief Sets Focus Article on Monday
11/17 GENERAL ELECTRIC : Federal Aviation Administration Issues Special Conditions for..
11/17 MR. ROBOT : Rodney Brooks Says Gentler, More Aware ‘Cobots’ Are Comi..
11/17 GENERAL ELECTRIC : The 5 Coolest Things On Earth This Week
11/17 GENERAL ELECTRIC : Riverbanks are newest PCB concern for Hudson
11/17 GENERAL ELECTRIC : Flannery Springs for More Shares in GE
11/17 DOW MOVERS : Ko, nke
11/17 GENERAL ELECTRIC COMPANY : SHAREHOLDER ALERT - Bronstein, Gewirtz & Grossman, LL..
11/17 GE shares rise after CEO Flannery buys stock
11/17 Brower Piven Encourages Investors Who Have Losses in Excess of $100,000 from ..
More news
News from SeekingAlpha
11/17 CEO John Flannery Buys 60K Shares Of Stock, Signaling It's A Buy
11/17 Has General Electric Hit Rock Bottom Yet?
11/17 GE's Flannery discloses 60K-share pruchase
11/17 GE : Tumbling Down The Rabbit Hole
11/17 Tracking David Winters' Wintergreen Advisers Portfolio - Q3 2017 Update
Financials ($)
Sales 2017 124 B
EBIT 2017 11 836 M
Net income 2017 8 444 M
Debt 2017 68 291 M
Yield 2017 5,18%
P/E ratio 2017 26,24
P/E ratio 2018 18,83
EV / Sales 2017 1,82x
EV / Sales 2018 1,66x
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 17
Average target price 22,7 $
Spread / Average Target 25%
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$)
3M28.44%136 609
SIEMENS-1.63%115 123