Brokerages Expect The Goldman Sachs Group, Inc. (NYSE:GS) to Announce $8.65 EPS – Defense World

Equities analysts predict that The Goldman Sachs Group, Inc. (NYSE:GS Get Rating) will announce earnings of $8.65 per share for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for The Goldman Sachs Groups earnings, with the highest EPS estimate coming in at $9.22 and the lowest estimate coming in at $7.52. The Goldman Sachs Group posted earnings per share of $15.02 in the same quarter last year, which indicates a negative year over year growth rate of 42.4%. The company is scheduled to announce its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that The Goldman Sachs Group will report full-year earnings of $37.99 per share for the current fiscal year, with EPS estimates ranging from $32.52 to $40.30. For the next fiscal year, analysts forecast that the company will post earnings of $40.52 per share, with EPS estimates ranging from $34.42 to $44.48. Zacks earnings per share calculations are an average based on a survey of sell-side analysts that cover The Goldman Sachs Group.

The Goldman Sachs Group (NYSE:GS Get Rating) last announced its earnings results on Thursday, April 14th. The investment management company reported $10.76 earnings per share (EPS) for the quarter, topping the Zacks consensus estimate of $10.00 by $0.76. The Goldman Sachs Group had a return on equity of 18.59% and a net margin of 31.21%. The business had revenue of $12.93 billion for the quarter, compared to analyst estimates of $11.76 billion. During the same period in the previous year, the company earned $18.60 earnings per share. The companys revenue for the quarter was down 26.9% compared to the same quarter last year.

In other The Goldman Sachs Group news, CEO David M. Solomon sold 9,768 shares of the companys stock in a transaction that occurred on Tuesday, April 19th. The stock was sold at an average price of $334.57, for a total value of $3,268,079.76. Following the completion of the sale, the chief executive officer now directly owns 96,467 shares in the company, valued at $32,274,964.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.57% of the companys stock.

Several large investors have recently made changes to their positions in the company. Freedom Day Solutions LLC lifted its position in shares of The Goldman Sachs Group by 0.9% during the 4th quarter. Freedom Day Solutions LLC now owns 3,205 shares of the investment management companys stock valued at $1,226,000 after acquiring an additional 29 shares during the last quarter. Bank of Marin raised its stake in The Goldman Sachs Group by 3.6% during the 3rd quarter. Bank of Marin now owns 872 shares of the investment management companys stock valued at $330,000 after purchasing an additional 30 shares during the period. Ancora Advisors LLC raised its stake in The Goldman Sachs Group by 1.2% during the 3rd quarter. Ancora Advisors LLC now owns 2,471 shares of the investment management companys stock valued at $934,000 after purchasing an additional 30 shares during the period. Tower Wealth Partners Inc. raised its stake in The Goldman Sachs Group by 4.0% during the 3rd quarter. Tower Wealth Partners Inc. now owns 777 shares of the investment management companys stock valued at $294,000 after purchasing an additional 30 shares during the period. Finally, Main Street Financial Solutions LLC raised its stake in The Goldman Sachs Group by 3.0% during the 4th quarter. Main Street Financial Solutions LLC now owns 1,037 shares of the investment management companys stock valued at $397,000 after purchasing an additional 30 shares during the period. Institutional investors own 71.52% of the companys stock.

Shares of NYSE GS opened at $305.49 on Friday. The Goldman Sachs Group has a 1 year low of $304.71 and a 1 year high of $426.16. The firm has a market cap of $103.23 billion, a price-to-earnings ratio of 5.93, a PEG ratio of 0.64 and a beta of 1.45. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.88 and a current ratio of 1.20. The stocks 50-day simple moving average is $330.24 and its 200-day simple moving average is $366.40.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 29th. Shareholders of record on Wednesday, June 1st will be given a $2.00 dividend. The ex-dividend date is Tuesday, May 31st. This represents a $8.00 dividend on an annualized basis and a yield of 2.62%. The Goldman Sachs Groups dividend payout ratio (DPR) is 15.53%.

About The Goldman Sachs Group (Get Rating)

The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through four segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management.

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Brokerages Expect The Goldman Sachs Group, Inc. (NYSE:GS) to Announce $8.65 EPS - Defense World