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MarketScreener Homepage  >  Equities  >  Nyse  >  General Dynamics Corporation    GD

GENERAL DYNAMICS CORPORATION

(GD)
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General Dynamics : 3Q Sales Fell; Profit Beat Views

10/28/2020 | 06:32am EST

By Dieter Holger

General Dynamics Corp. sales in the latest quarter fell below Wall Street's expectations, though the defense contractor's backlog remained up from a year ago and it beat profit forecasts.

The Reston, Va.-based company said Wednesday that net profit was $834 million, or $2.90 a share, in the third quarter. A year ago, profit was $913 billion, or $3.14 a share.

Analysts polled by FactSet had expected earnings of $2.88 a share.

Sales fell to $9.4 billion in the quarter from $9.8 billion a year earlier. Analysts had expected $9.6 billion.

General Dynamics said its backlog was $81.5 billion at the end of the quarter, up 21% from the previous year, buoyed by recent contracts for combat vehicles for Spain and software for the U.S.

Write to Dieter Holger at dieter.holger@wsj.com; @dieterholger

(END) Dow Jones Newswires

10-28-20 0731ET

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Financials (USD)
Sales 2020 38 223 M - -
Net income 2020 3 183 M - -
Net Debt 2020 10 316 M - -
P/E ratio 2020 13,8x
Yield 2020 2,86%
Capitalization 43 855 M 43 855 M -
EV / Sales 2020 1,42x
EV / Sales 2021 1,36x
Nbr of Employees 102 900
Free-Float 56,4%
Chart GENERAL DYNAMICS CORPORATION
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General Dynamics Corporation Technical Analysis Chart | GD | US3695501086 | MarketScreener
Technical analysis trends GENERAL DYNAMICS CORPORATION
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 163,22 $
Last Close Price 153,17 $
Spread / Highest target 24,0%
Spread / Average Target 6,56%
Spread / Lowest Target -10,6%
EPS Revisions
Managers and Directors
NameTitle
Phebe N. Novakovic Chairman & Chief Executive Officer
Jason Wright Aiken Chief Financial Officer & Senior Vice President
Christopher Marzilli Executive Vice President-Information Technology
Les L. Lyles Independent Director
James Schine Crown Lead Independent Director
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