Analysts predict that Goldman Sachs Group Inc (NYSE:GS) will post $8.55 billion in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Goldman Sachs Group’s earnings, with estimates ranging from $8.39 billion to $8.70 billion. Goldman Sachs Group posted sales of $9.46 billion in the same quarter last year, which suggests a negative year-over-year growth rate of 9.6%. The business is scheduled to issue its next earnings results before the market opens on Wednesday, July 15th.
On average, analysts expect that Goldman Sachs Group will report full year sales of $34.69 billion for the current financial year, with estimates ranging from $34.04 billion to $35.37 billion. For the next fiscal year, analysts forecast that the company will report sales of $37.28 billion, with estimates ranging from $36.36 billion to $37.82 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Goldman Sachs Group.
Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Wednesday, April 15th. The investment management company reported $3.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.83 by $0.28. The company had revenue of $8.74 billion during the quarter, compared to analyst estimates of $7.92 billion. Goldman Sachs Group had a net margin of 14.04% and a return on equity of 9.26%. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period last year, the business earned $5.71 EPS.
A number of research firms have recently issued reports on GS. JMP Securities reduced their price target on shares of Goldman Sachs Group from $290.00 to $270.00 and set a “market outperform” rating on the stock in a research report on Thursday, April 9th. UBS Group raised their price target on shares of Goldman Sachs Group from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $215.00 price objective on shares of Goldman Sachs Group in a research report on Tuesday, June 16th. Societe Generale upgraded shares of Goldman Sachs Group from a “sell” rating to a “buy” rating in a research report on Tuesday, April 14th. Finally, Oppenheimer raised their price target on shares of Goldman Sachs Group from $278.00 to $282.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $225.24.
Several hedge funds have recently made changes to their positions in GS. Permanens Capital L.P. bought a new stake in shares of Goldman Sachs Group during the fourth quarter worth $25,000. Virtus ETF Advisers LLC acquired a new position in Goldman Sachs Group in the fourth quarter valued at about $25,000. Harvest Fund Management Co. Ltd acquired a new position in Goldman Sachs Group in the first quarter valued at about $26,000. Allworth Financial LP boosted its holdings in shares of Goldman Sachs Group by 68.5% in the first quarter. Allworth Financial LP now owns 187 shares of the investment management company’s stock valued at $29,000 after buying an additional 76 shares during the period. Finally, Firestone Capital Management bought a new stake in shares of Goldman Sachs Group during the fourth quarter worth $30,000. Institutional investors own 68.07% of the company’s stock.
Shares of Goldman Sachs Group stock traded up $2.06 during trading hours on Friday, reaching $195.53. The company’s stock had a trading volume of 1,400,333 shares, compared to its average volume of 3,531,159. The company’s 50 day simple moving average is $195.84 and its 200 day simple moving average is $203.70. The company has a debt-to-equity ratio of 2.78, a quick ratio of 0.79 and a current ratio of 0.79. Goldman Sachs Group has a one year low of $130.85 and a one year high of $250.46. The stock has a market cap of $66.53 billion, a P/E ratio of 10.68, a price-to-earnings-growth ratio of 5.53 and a beta of 1.45.
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Monday, June 1st were paid a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $5.00 annualized dividend and a yield of 2.56%. Goldman Sachs Group’s dividend payout ratio is currently 23.78%.
Goldman Sachs Group Company Profile
The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates in 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.
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