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.<\/p>\n
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.<\/p>\n
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. <\/p>\n
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. <\/p>\n
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. <\/p>\n
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. <\/p>\n
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%. <\/p>\n
About The Goldman Sachs Group (Get Rating)<\/p>\n
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.<\/p>\n
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Brokerages Expect The Goldman Sachs Group, Inc. (NYSE:GS) to Announce $8.65 EPS - Defense World<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" 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 Continue reading