Goldman Sachs Group Inc (NYSE:GS) Expected to Post Earnings of $6.43 Per Share

Equities research analysts expect Goldman Sachs Group Inc (NYSE:GS) to announce earnings of $6.43 per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Goldman Sachs Group’s earnings. The lowest EPS estimate is $5.88 and the highest is $6.78. Goldman Sachs Group reported earnings per share of $5.71 during the same quarter last year, which indicates a positive year-over-year growth rate of 12.6%. The firm is scheduled to issue its next quarterly earnings results on Monday, April 20th.

According to Zacks, analysts expect that Goldman Sachs Group will report full year earnings of $24.73 per share for the current year, with EPS estimates ranging from $21.15 to $26.54. For the next financial year, analysts anticipate that the business will report earnings of $27.61 per share, with EPS estimates ranging from $22.60 to $30.02. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that cover Goldman Sachs Group.

Goldman Sachs Group (NYSE:GS) last released its earnings results on Wednesday, January 15th. The investment management company reported $4.69 earnings per share for the quarter, missing the consensus estimate of $5.20 by ($0.51). The firm had revenue of $9.96 billion during the quarter, compared to analysts’ expectations of $8.56 billion. Goldman Sachs Group had a net margin of 15.70% and a return on equity of 10.27%. The business’s revenue was up 23.2% compared to the same quarter last year. During the same quarter last year, the business earned $6.04 EPS.

Several equities analysts have recently weighed in on GS shares. Morgan Stanley restated an “equal weight” rating and issued a $250.00 target price (up previously from $244.00) on shares of Goldman Sachs Group in a research report on Monday, November 18th. ValuEngine downgraded Goldman Sachs Group from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. Royal Bank of Canada set a $220.00 target price on Goldman Sachs Group and gave the company a “neutral” rating in a research report on Wednesday, January 8th. Piper Sandler raised their target price on Goldman Sachs Group from to and gave the company an “overweight” rating in a research report on Friday, January 10th. Finally, Barclays restated a “hold” rating and issued a $267.00 target price on shares of Goldman Sachs Group in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $261.53.

Several large investors have recently bought and sold shares of GS. Rampart Investment Management Company LLC boosted its stake in shares of Goldman Sachs Group by 40.4% during the second quarter. Rampart Investment Management Company LLC now owns 4,396 shares of the investment management company’s stock valued at $899,000 after purchasing an additional 1,264 shares during the period. Private Advisor Group LLC boosted its stake in shares of Goldman Sachs Group by 22.4% during the second quarter. Private Advisor Group LLC now owns 10,957 shares of the investment management company’s stock valued at $2,242,000 after purchasing an additional 2,007 shares during the period. Prospera Financial Services Inc purchased a new stake in shares of Goldman Sachs Group during the second quarter valued at approximately $348,000. Marshall Wace North America L.P. lifted its stake in Goldman Sachs Group by 163.2% in the second quarter. Marshall Wace North America L.P. now owns 32,873 shares of the investment management company’s stock worth $6,726,000 after acquiring an additional 20,383 shares during the period. Finally, Capital Bank & Trust Co lifted its stake in Goldman Sachs Group by 12.2% in the second quarter. Capital Bank & Trust Co now owns 2,830 shares of the investment management company’s stock worth $579,000 after acquiring an additional 308 shares during the period. 69.61% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE GS traded down $3.66 during midday trading on Friday, hitting $241.92. The stock had a trading volume of 2,876,889 shares, compared to its average volume of 3,430,912. The company has a market capitalization of $86.96 billion, a PE ratio of 11.52, a P/E/G ratio of 1.15 and a beta of 1.37. The stock has a 50 day simple moving average of $234.35 and a 200-day simple moving average of $216.85. Goldman Sachs Group has a 1 year low of $180.73 and a 1 year high of $250.46. The company has a quick ratio of 0.78, a current ratio of 1.28 and a debt-to-equity ratio of 2.30.

The business also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 2nd will be issued a $1.25 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $5.00 annualized dividend and a dividend yield of 2.07%. Goldman Sachs Group’s dividend payout ratio is presently 23.78%.

About Goldman Sachs Group

The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates in four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.

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