Industrial Goods: GE Aviation (NYSE:GE) Inks Deal with Brazilian Companies, Boeing (NYSE:BA) Faces Headwinds in Covering Costs
GE Aviation inked memoranda of understanding (MOUs) with different Brazilian firms to turn into potential suppliers for its global supply chain for the F/A-18 Super Hornet fighter plane, as per reported by a Boeing Co. news release.
GE’s action backs Boeing’s F/A-18 offering for the Brazilian F-X2 fighter jet competition, it added.
General Electric Company (NYSE:GE) fell -0.71% and closed at $21.11 with the total traded volume of 42.83 million shares. It has market capitalization of $222.90 billion while its total outstanding shares are 10.56 billion and its beta value stands at 1.59 times.
Boeing (NYSE: BA) launched its third quarter outcomes on Wednesday, showing a healthy performance that topped expert anticipations on both sales and profit. On the support of a healthy hike in commercial jet deliveries, Boeing lifted its sales guidance for the year.
The Boeing Company (NYSE:BA) edged down -0.60% to close at $71.11 and its overall volume during last trading session was 4.39 million shares. BA has earnings per share of $5.67. Its total market capitalization is $53.62 billion.
BA is ahead of its 52 week low with 16.79% and its last month’s price volatility remained 1.49%. In its share capital BA has 754.08 million outstanding shares while 749.53 million shares have been floated in market.
Wayne, Pa.-located Gardner Denver stated on Thursday that it is thinking over a sale of the firm, news that moved its shares surging, according to Bloomberg report.
Shares in the pumps and compressors firm, which shifted its headquarters to the Philadelphia zone in 2011 from Illinois, ended 21 percent superior at $66. Citing Reuters, Bloomberg reported “TPG Capital, Onex Corp., KKR & Co., Blackstone Group and Bain Capital LLC are amid the private-equity companies thinking over offers.
Gardner Denver, Inc. (NYSE:GDI) grew +1.74% and closed at $67.15 with the total traded volume of 2.99 million shares. GDI has earnings per share of $5.52 with the net profit margin of 11.56% and operating margin of 16.46%.
GDI has current ratio of 2.21 and its debt-to-equity ratio was 0.39.