General Dynamics says it is making significant investments to increase output for strong demand
Company notes strong order activity and high book-to-bill ratios across all segments
General Dynamics says it is well-positioned to support customer needs amid robust market conditions
Key details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$14.09 bln
$13.54 bln (19 Analysts)
Q2 EPS
$4.24
Q2 Net Income
$1.16 bln
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 10 "hold" and 1 "sell" or "strong sell"
Wall Street's median 12-month price target for General Dynamics Corp is $390.00, about 0.8% below its July 28 closing price of $393.19
The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 21 three months ago
Result drivers
Segment growth - Co said all four segments saw revenue growth, with double-digit increases and margin expansion in Aerospace and Marine Systems
Increased execution - Co attributed improved results to efforts to increase execution pace and deliver on backlog
GD•
