GE Aerospace on Thursday forecast a stronger profit for the year after its fourth-quarter earnings exceeded Wall Street estimates as strong travel demand amid persistent shortages of new aircraft bolstered sales of its high-margin parts and services.
2024 was the first year GE Aerospace has posted results as an independent business, following the break-up of the GE conglomerate. GE Aerospace was listed in the New York Stock Market (using the symbol ‘GE’) in April 2024 after it was spun-off by GE Vernova, which includes the energy-related businesses of the former GE conglomerate.
JPMorgan raised the firm’s price target on GE Aerospace (GE) to $210 from $190 and keeps an Overweight rating on the shares. The company’s Q4
Shares of GE Aerospace were soaring toward levels not seen in nearly two decades after the maker of engines used by airlines and the military provided an upbeat earnings outlook for 2025 and said it was going to buy back more stock and boost its dividend by 30%.
GE Aerospace appears well on its way to accomplishing a goal it set during its launch as a standalone company last year.
GE Aerospace (GE) is set to announce Q4 earnings, with analysts focused on engine deliveries, margins, and aftermarket growth outlook.
Shares of GE Aerospace surged in premarket trading Thursday after the company reported fourth-quarter results far above analysts' estimates.
GE Aerospace is slated to report fourth-quarter results before markets open Thursday, and analysts are bullish on the maker of airplane engines and other parts.
Jason Sum, an analyst from DBS, maintained the Buy rating on GE Aerospace (GE – Research Report). The associated price target was raised to
GE Aerospace reported Q4 results early Thursday as clear a buy point. Engines, services and defense revenues all climbed.
GE Aeropsace’s GE revenue grew 9% in 2024, led by 15% growth in commercial engine manufacturing sales as demand remained high for the Leap engine, which powers most Airbus A320s. Overall operating profit exceeded $8 billion, with adjusted operating margin expanding to 23%.