Stock Update (NYSE:GE): Cool Your Home From Your Phone: GE Appliances Now Offers Connected Window Air Conditioners

[Business Wire] – Most people don’t leave their window air conditioners turned on during the day in order to cut utility costs, resulting in sauna-like heat after a long day at the office. GE Appliances’ new connected window air conditioners beat the heat with the ability to control the unit from virtually anywhere with the touch of a smartphone screen. Read more on this. General Electric Company (GE) , with a current market cap of $285.53B, began trading this morning at $31.06. During today’s session, GE traded between $31.00 to $31.13 and has traded between $19.37 and $32.05 over the past year. Priced at 20.38x this year’s forecasted earnings, GE shares are relatively expensive compared to the industry’s 13.71x forward p/e ratio. The company pays shareholders $0.92 per share annually in dividends, yielding 2.98%. According to a consensus of 14 analysts, the earnings estimate of $0.46 per share would be $0.15 better than the year-ago quarter and a $0.18 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $1.51, which would be a $0.20 improvement when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $30.84 Billion. If reported, that would be a 5.18% increase over the year-ago quarter. In terms of ratings, Cowen Initiated GE at Market Perform (Jun 7, 2016). Previously, Bernstein downgraded GE from Outperform to Mkt Perform. When considering if perhaps the stock is under or overvalued, the average price target is $32.53, which is 4.73% above where the stock opened this morning. See more in (NYSE:GE) Similar Articles: Market Update: General Electric Company (NYSE:GE) – Qingdao Haier Acquires GE Appliances Stock Update: General Electric Company (NYSE:GE) – General Electric Company Announces Offers to Register Outstanding Notes of GE Capital International Funding Company Unlimited Company Issued in October 2015 Exchange Offer Company Update (NYSE:GE): Builders are Building More and Growing with GE Appliances