General Electric's aerospace division is making a strong case to investors, forecasting a $10 billion operating profit by 2028. The company plans to increase shareholder returns, including restoring a significant dividend. Analysts reiterated targets for 2024, 2025, and 2028, with plans to buy back $15 billion post board approval. Despite a stock price increase, estimates for 2025 EBITDA have been slightly reduced.
GE Aerospace Looks Set to Raise Its Dividend. Cash Flow Is Impressive. https://t.co/dTGGg0YApS
GE Aerospace sets tone with post-breakup profit goal, dividend https://t.co/HmSroPGisX
$GE FY 2025 EBITDA estimate was $12.6B on 11/1/23, when the stock was $110. Today, with the stock up 50% at $165, the same 2025 EBITDA estimate has been cut to $12.1B. Yes, market darling $GE is seeing estimate cuts.
$GE Aerospace Analyst Day reiterated 2024/2025 and long term 2028 targets. 2024 TR LDD, Op Profit $6-$6.5B, FCF $5B and 2025 TR LDD, Op Profit $7.1-$7.5B and FCF > 100% Conversion and the intent to buyback $15B post board approval.
GE Aerospace sees $10 bln in operating profit in 2028, sets dividend target https://t.co/Vg9AeTG6i7 https://t.co/RkHYyaLoLq
GE’s aerospace division set plans to return more of its profits to shareholders, including restoration of a significant dividend https://t.co/4EWjOHodAV
⚠️ GE AEROSPACE FORECASTS $10 BILLION OPERATING PROFIT IN 2028, SETS SHAREHOLDER RETURN TARGET Full Story → https://t.co/8aD7ZInULH General Electric's aerospace business said on Thursday it expects operating profit to rise to about $10 billion in 2028, as it gains from strong… https://t.co/TBK79Qy3WI
GE Aerospace Is Making Its Case to Investors Thursday. Expectations Are High. https://t.co/V4koWHcN50