Jeffrey Immelt’s Restructuring Efforts at General Electric
During Jeffrey Immelt’s 16-year tenure as GE’s CEO, the company delivered a return of 1.5% on an annual basis.
General Electric’s 2Q17 earnings per share, on a GAAP basis, fell 53.3% to $0.14 from $0.30 in 2Q16.
On August 1, 2017, John Flannery took the reins as General Electric’s (GE) CEO from Jeffrey Immelt, the firm’s former CEO.
On August 14, Berkshire Hathaway divulged the details of its 13F filed for 2Q17. Warren Buffett’s behemoth firm liquidated its holdings in General Electric (GE) during the quarter.
According to a Reuters consensus, of the 24 analysts tracking Boeing (BA) stock, 20.8% (five analysts) have a “strong buy” recommendation, 29.2% (seven analysts) have a “buy” recommendation, 33.3% (eight analysts)…
At present, Boeing (BA) has a forward EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) multiple of 11.2x, which is higher than its average multiple since February…
Boeing’s (BA) current indicated dividend yield is 2.7%, following a ~12% run-up after 2Q17. The yield was higher than 3% before this huge gain. Boeing’s dividend yield is higher than…
Boeing (BA) has financed most of its growth and capital expenditure through debt. After reducing its debt in the first half of 2016, Boeing increased it in the first quarter…
Boeing’s (BA) EBITDA (earnings before interest, tax, depreciation, and amortization) rose 17% YoY (year-over-year), beating analysts’ estimate of a 15% YoY growth. In 2Q17, EBITDA are expected to rise to 2.8…
Boeing’s (BA) revenue fell 7.3% YoY (year-over-year) to ~$20.0 billion in 1Q17, lower than analysts’ estimate of a 5.2% fall. The falling trend is expected to continue for the next…
Boeing (BA) is expected to report its second-quarter results on July 26, 2017. In 2Q17, analysts expect its revenue to fall 6.7% to $23.1 billion.
These factors likely contributed to the early exit of Immelt, who will retire from the company entirely on December 31, 2017.
On June 12, General Electric (GE) announced the stepping down of its chairman and CEO, Jeff Immelt, effective August 1, 2017.
In the first quarter, General Electric (GE) distributed $2.1 billion in dividends and repurchased common stock worth $2.3 billion.
General Electric’s (GE) forward dividend yield is 3.3%, which is still way ahead of the industry average forward dividend yield of 2.3%.
General Electric’s (GE) dividend CAGR (compound annual growth rate) for the last seven years was ~7%.
On June 9, 2017, General Electric (GE) announced a quarterly cash dividend of $0.24 per share.
In May 2017, Boeing appealed to the US International Trade Commission to penalize Canadian aircraft maker Bombardier (BDRBF) for selling its new CS-100 aircraft to US airlines at extremely low prices.
The Boeing Company (BA) has finalized a deal with Sace CDP Group, Italy’s export development agency.
Year-to-date through June 6, 2017, the aerospace and defense industry has had a good run. Boeing posted a 20% return, followed by General Dynamics with a 14.9% return and Raytheon with a 12.5% return.