General Electric (NYSE:GE) is taking a hit after a major management shakeup. The company’s long time CEO Jeff Immelt and CFO have stepped down. Deutsche Bank said earlier this year that GE’s dividends are unsustainable and the company will have to cut its yield sooner or later. General Electric is currently going through a major transition and it will take several years for the company to stabilize and get back its glory.
In fiscal 2012, GE’s revenue was $144.9 billion, while in 2016 the revenue plummeted to only $120 billion. Therefore, analysts think that for now investors should stay away from the stock to avoid losses.
For this year General Electric 's revenue will be around 125,19 billion USD. This is according to the average of the analysts' estimates. This is slightly more than 2016's revenue of 123,69 billion USD.
The analysts expect for 2017 a net profit of 12,89 billion USD. For this year the majority of the analysts, consulted by press agency Thomson Reuters, expects a profit per share of 1,53 USD. Based on this the price/earnings-ratio is 15,27.
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