By Colin Lea:
General Dynamics (GD) CEO Jay Johnson Wednesday discussed the company’s earnings on its Q4 2011 Results. Company sales were up 6% from last year’s fourth quarter, net earnings from continuing operations for the quarter were $1.68 per fully diluted share, and $6.94 for the full year result, an increase of 2% over last year’s earnings per share (EPS) result.
I last wrote about GD in detail on September 6, 2011, as well as covering the stock in the Defense Industry Daily’s report on the Top 20 Defense Industrial Stocks. On September 6, 2011, GD was trading at $60.94 ($16.39 [21%] below its 52-week high), with EPS of 7.01, PE of 8.70, dividend rate of 1.88 and delivering yield to investors of 3.085 (figures taken from Seeking Alpha). As of January 25, 2012, GD closed at $71.57 ($6.70 [8.56%] below its 52-week high), with EPS of 7.11, PE of 10.00, dividend