Active Broker’s Concerns In Focus: General Electric (NYSE:GE), Esterline Technologies (NYSE:ESL)

General Electric Company (NYSE:GE) [Trend Analysis] retains strong position in active trade, as shares scoring 0.24% to $31.31 in a active trade session, while looking at the shares volume, around 1.82 Million shares have changed hands in this session. General Electric Co. (GE) is slated to release fourth-quarter results on Friday before the market opens, with the diversified industrial giant expected to report a decline in quarterly earnings for the first time in a year.After a year chock-full of business divestiture announcements, with $193 billion in asset sales signed through the third quarter, GE said in October that its GE Capital exit plan is substantially complete.

GE (GE), which now bills itself as a “digital industrial company,” got the bulk of its profit in the previous quarter from its aviation and power businesses, while its renewable energy business provided the fastest year-over-year growth and its energy connections business declined the most.

With optimism over the potential benefits from President-elect Donald Trump’s pro-business policies already starting to fade, J.P. Morgan analyst C. Stephen Tusa said GE’s stock was the “top avoid” of the industrials he covered given “weak fundamentals” and with its free cash flow the “weakest” in the sector. The firm has institutional ownership of 54.90%, while insider ownership included 0.05%. GE attains analyst recommendation of 2.10 with week’s performance of -0.45%. Investors looking further ahead will note that the Price to next year’s EPS is 11.05%.

Esterline Technologies Corporation (NYSE:ESL) [Trend Analysis] knocking active thrust in leading trading session, shares an advance of 1.77% to 86.05 with around 9121 shares have changed hands in this session. Esterline Technologies (NYSE: ESL) plans to announce financial results for its 1st fiscal quarter 2017 on Thursday, February 2, 2017.

Esterline will host a conference call featuring remarks by Curtis Reusser, Chairman, President and Chief Executive Officer, and Bob George, Executive Vice President and Chief Financial Officer. Following these remarks, there will be a question and answer session. The call is slated to start at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) and will last approximately one hour. A news release announcing the earnings results will be issued at market close on the day of the call. The stock is going forward its fifty-two week low with 90.71% and lagging behind from its 52-week high price with -9.16%.

Similar, the positive performance for the quarter recorded as 16.14% and for the year was 13.22%, while the YTD performance remained at -5.21%. ESL has Average True Range for 14 days of 2.51.

 

About Devon Leftovich

Leave a Reply

Your email address will not be published. Required fields are marked *