$11.63 billion in sales expected for The Goldman Sachs Group, Inc. (NYSE:GS) this quarter
Analysts expect The Goldman Sachs Group, Inc. (NYSE: GS – Get Rating) to post revenue of $11.63 billion for the current fiscal quarter, according to Zacks Investment Research. Six analysts have released Goldman Sachs Group earnings estimates, with the highest sales estimate at $12.20 billion and the lowest estimate at $11.23 billion. Goldman Sachs Group reported sales of $15.39 billion in the same quarter last year, suggesting a negative 24.4% year-over-year growth rate. The company is due to announce its next results on Monday, January 1.
According to Zacks, analysts expect Goldman Sachs Group to report annual revenue of $47.91 billion in the current fiscal year, with estimates ranging from $45.17 billion to 49, $50 billion. For next year, analysts expect the company to post sales of $50.12 billion, with estimates ranging from $46.46 billion to $53.40 billion. Zacks Investment Research Sell Averages are an average average based on a survey of sell-side research analysts who follow the Goldman Sachs Group.
Goldman Sachs Group (NYSE:GS – Get Rating) last released its quarterly results on Thursday, April 14. The investment management firm reported earnings per share of $10.76 for the quarter, beating the consensus estimate of $8.61 by $2.15. The Goldman Sachs group achieved a return on equity of 19.08% and a net margin of 31.21%. The company posted revenue of $12.93 billion for the quarter, versus $11.76 billion expected by analysts. During the same quarter last year, the company posted EPS of $18.60. The company’s revenue decreased by 26.9% compared to the same quarter last year.
A number of brokerages have commented on GS. Odeon Capital Group upgraded Goldman Sachs Group from a “buy” rating to a “hold” rating in a Friday, Jan. 28 research note. StockNews.com took over coverage of Goldman Sachs Group shares in a report on Thursday, March 31. They issued a “holding” rating on the stock. Wells Fargo & Company reduced Goldman Sachs Group shares from an “overweight” rating to an “equal weight” rating in a Monday, February 28, report. Oppenheimer cut its price target on Goldman Sachs Group shares from $546.00 to $519.00 and set an “overweight” rating on the stock in a Tuesday, May 3 report. Finally, JPMorgan Chase & Co. set a Goldman Sachs Group price target of $416.00 in a Friday, April 1 research note. Nine investment analysts gave the stock a hold rating and nine gave the company a buy rating. According to data from MarketBeat, the stock currently has a consensus buy rating and a consensus price target of $441.31.
Goldman Sachs Group shares opened at $306.80 on Monday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt ratio of 2.47. The company has a market cap of $105.37 billion, a PE ratio of 5.95, a price-to-earnings growth ratio of 0.63, and a beta of 1.41. The company’s 50-day moving average price is $322.88 and its 200-day moving average price is $355.20. Goldman Sachs Group has a 12-month low of $293.90 and a 12-month high of $426.16.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 29. Shareholders of record on Wednesday, June 1 will receive a dividend of $2.00 per share. The ex-dividend date is Tuesday, May 31. This represents an annualized dividend of $8.00 and a dividend yield of 2.61%. The Goldman Sachs group payout ratio is currently 15.53%.
Separately, CEO David M. Solomon sold 9,768 shares of Goldman Sachs Group in a trade dated Tuesday, April 19. The stock was sold at an average price of $334.57, for a total value of $3,268,079.76. Following the completion of the sale, the CEO now directly owns 96,467 shares of the company, valued at approximately $32,274,964.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available via this link. In addition, Goldman Sachs Group Inc director sold 90,427 Goldman Sachs Group shares in a trade dated Tuesday, May 17. The stock was sold at an average price of $19.16, for a total value of $1,732,581.32. Following the completion of the sale, the director now owns 3,130,987 shares of the company, valued at $59,989,710.92. The disclosure of this sale can be found here. Insiders sold 224,038 shares of the company valued at $7,373,493 in the past 90 days. Company insiders own 0.57% of the company’s shares.
Several institutional investors have recently increased or reduced their stake in GS. Joseph P. Lucia & Associates LLC bought a new position in Goldman Sachs Group shares during Q1 worth approximately $26,000. Nauset Wealth Management. LLC bought a new position in The Goldman Sachs Group in Q1 worth $27,000. Consolidated Planning Corp bought a new position in The Goldman Sachs Group in Q3 worth $33,000. Orion Capital Management LLC increased its position in The Goldman Sachs Group by 690.9% in Q1. Orion Capital Management LLC now owns 87 shares of the investment management company valued at $29,000 after acquiring 76 additional shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC bought a new position in The Goldman Sachs Group in Q4 worth $34,000. Institutional investors and hedge funds hold 71.42% of the company’s shares.
Goldman Sachs Group Company Profile (Get an assessment)
The Goldman Sachs Group, Inc., a financial institution, provides a range of financial services to businesses, financial institutions, governments and individuals worldwide. It operates through four segments: Investment Banking, Global Markets, Asset Management, and Consumer and Wealth Management.
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