Brokerages Anticipate Goldman Sachs Group Inc (GS) Will Announce Earnings of $5.68 Per Share
Analysts expect Goldman Sachs Group Inc (NYSE:GS) to report $5.68 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Goldman Sachs Group’s earnings, with estimates ranging from $5.28 to $6.05. Goldman Sachs Group reported earnings per share of $5.02 during the same quarter last year, which suggests a positive year over year growth rate of 13.1%. The firm is expected to issue its next quarterly earnings report on Tuesday, October 16th.
According to Zacks, analysts expect that Goldman Sachs Group will report full-year earnings of $24.92 per share for the current financial year, with EPS estimates ranging from $23.78 to $25.65. For the next fiscal year, analysts expect that the business will report earnings of $25.65 per share, with EPS estimates ranging from $22.79 to $27.19. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Goldman Sachs Group.
Goldman Sachs Group (NYSE:GS) last issued its earnings results on Tuesday, July 17th. The investment management company reported $5.98 EPS for the quarter, topping analysts’ consensus estimates of $4.66 by $1.32. The company had revenue of $9.40 billion for the quarter, compared to analysts’ expectations of $8.74 billion. Goldman Sachs Group had a net margin of 15.72% and a return on equity of 13.58%. The firm’s revenue was up 19.2% compared to the same quarter last year. During the same quarter last year, the company earned $3.95 EPS.
In related news, insider David M. Solomon sold 8,382 shares of the business’s stock in a transaction dated Wednesday, July 18th. The shares were sold at an average price of $232.08, for a total transaction of $1,945,294.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider David M. Solomon sold 8,488 shares of the business’s stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $237.92, for a total transaction of $2,019,464.96. The disclosure for this sale can be found here. 1.71% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Quantitative Systematic Strategies LLC bought a new stake in Goldman Sachs Group during the first quarter worth about $500,000. Engineers Gate Manager LP bought a new stake in Goldman Sachs Group during the first quarter worth about $3,435,000. Synovus Financial Corp boosted its stake in Goldman Sachs Group by 2.2% during the first quarter. Synovus Financial Corp now owns 13,080 shares of the investment management company’s stock worth $3,300,000 after acquiring an additional 287 shares in the last quarter. ETRADE Capital Management LLC boosted its stake in Goldman Sachs Group by 32.3% during the first quarter. ETRADE Capital Management LLC now owns 5,140 shares of the investment management company’s stock worth $1,295,000 after acquiring an additional 1,254 shares in the last quarter. Finally, ING Groep NV boosted its stake in Goldman Sachs Group by 46.0% during the first quarter. ING Groep NV now owns 318,615 shares of the investment management company’s stock worth $80,246,000 after acquiring an additional 100,382 shares in the last quarter. Institutional investors own 70.96% of the company’s stock.
NYSE:GS traded up $1.00 during trading hours on Tuesday, reaching $228.89. The company’s stock had a trading volume of 2,497,200 shares, compared to its average volume of 3,133,563. The stock has a market cap of $86.55 billion, a PE ratio of 11.60, a PEG ratio of 0.73 and a beta of 1.28. Goldman Sachs Group has a 1 year low of $218.89 and a 1 year high of $275.31. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 3.02.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 27th. Investors of record on Thursday, August 30th will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 1.40%. The ex-dividend date is Wednesday, August 29th. Goldman Sachs Group’s dividend payout ratio is currently 16.19%.
About Goldman Sachs Group
The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.
See Also: Return on Investment (ROI)
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