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GE Aerospace is a newly formed independent public company following the spinoff of GE Vernova. The company has a dominant position in the global aircraft engine market.
GE Vernova's turnaround has been boosted by the best demand environment in the last 50 years. Despite modest revenue growth, GE Vernova is expected to drive EPS growth through margin gains and cost-cutting measures, with a potential 42% upside in stock price by 2025. Key to 20% plus cash flow growth is delivering on an EBITDA margin turnaround from 2% in 2023 to 10% in 2026.
The latest Investopedia survey shows that investors' optimism is rising. Readers are as optimistic about the stock market as they've been in the past 12 months, notes Caleb Silver.
EVENDALE, Ohio--(BUSINESS WIRE)--The Board of Directors of GE Aerospace (NYSE: GE) today declared a $0.28 per share dividend on the outstanding common stock of the Company. The dividend is payable July 25, 2024, to shareholders of record at the close of business on July 11, 2024. The ex-dividend date for the NYSE is July 11, 2024. About GE Aerospace GE Aerospace (NYSE: GE) is a global aerospace propulsion, services, and systems leader with an installed base of approximately 44,000 commercial an.
The GMO U.S. Quality ETF (NYSEARCA: QLTY ) seeks quality stocks to buy. At the end of May, Barron's published an article about investing guru Jeremy Grantham's new ETF and how it's beating the markets despite not owning Nvidia (NASDAQ: NVDA ).
GE Aerospace is reportedly developing a hybrid electric engine aimed at powering next-generation narrow-body jets by the mid-2030s, Reuters reported. The innovative technology holds promise for significantly reducing carbon emissions in the aviation industry, which heavily relies on single-aisle jets.
General Electric Co (NYSE:GE) has joined the exodus from the UK stock market with any British-based holders told to make alternative arrangements if they want to keep their stake in the US engineering giant. In a statement, GE said the company, which operates here as GE Aerospace and has a standard listing, said the decision was part of 'a simplification project across multiple jurisdictions and followed a comprehensive review of the trading volume, cost and administrative requirements related to the LSE Listing', It's not just London that GE is dumping, Shares in the group will also be delisted from Euronext Paris and SIX Swiss Exchange.
GE Aerospace is developing a hybrid electric engine with the hopes it will power next-generation narrow-body jets by the middle of the next decade.
A GE Aerospace executive said on Wednesday global supply chains will likely remain challenged even next year, despite a production slowdown at Boeing.
New airplane engines typically come with negative engine profit margins. A delay in delivery of new engines could lead to an increase in aftermarket revenue in older engines.