Company Update (NYSE:GE): The Power of the GE Store with Alstom-Engineered Technology: Tunisia Prepares for 2016 Summer Demand with GE Fast-Track Project

[ Business Wire] – When you’re talking about the time between ordering equipment for a simple-cycle power plant and flipping the switch for power, seven months is a blink. It’s also the fast-track schedule for the Bouchemma power plant in Tunisia, where GE will provide the turnkey project to Tunisian Electricity and Gas Company . Read more on this. General Electric Company (GE) , with a current market cap of $273.32B, opened at $28.89. Looking at the equity, the company’s one day range is $28.40 to $29.05 and has traded between $19.37 and $31.49 over the past 12 months. General Electric (GE) shares are currently priced at 19.48x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 14.05x earnings multiple for the same period. And for income investors, the company pays shareholders $0.92 per share annually in dividends, yielding 3.17%. In a review of the consensus earnings estimate this quarter, 13 sell-side analysts are looking at $0.19 per share, which would be $0.01 worse than the year-ago quarter and a $0.08 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $1.51 is a $0.20 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $28.10 Billion. If reported, that would be a 4.29% decrease over the year-ago quarter. In terms of ratings, UBS Initiated GE at Buy (Jan 22, 2015). Previously, RBC Capital Mkts Initiated GE at to Outperform. Investors should keep in mind is that the average price target is $32.36, which is 12.01% above where the stock opened this morning. See more in (NYSE:GE) Similar Articles: Stock Update (NYSE:GE): Demand for Fast Power Heats Up in the Saudi Desert: Saudi Electricity Company Orders Six More GE Gas Turbines Market Update (NYSE:GE): Combination of GE and Alstom Technology Proves Powerful: Pakistan Advances with Third High-Efficiency HA Gas Power Plant Market Update (NYSE:GE): GE wins EU approval to buy Alstom’s power unit
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