United Technologies accquires Goodrich Corporation

Goodrich Corporation (NYSE:GR). Last Market Price: 120.61, Change: +11.12, % Change: (10.16%). Shares trade in the range of 119.90 – 120.93 dollars. It has a market capitalization of 15.08B dollars, making it a Large Cap Stock and has 125.01M outstanding shares. The company has a beta of 1.19, indicating, the stock to be more volatile than the market. As per the most recent quarterly report, the net income per share (EPS) is 5.3; P/E of 22.75. It operates in Capital Goods sector and belongs to Aerospace and Defense industry. Percentage shares held by institutional investors is 92%. The company has a 52 week high of $ 120.93 and a 52 week low of $ 70.39. Average volumes of shares traded daily are 2,470,000. Volume traded in the last session was at 22,180,000, 8.98 times the average volume.

• Goodrich to be acquired by United Technologies for $127.50 per share valuating the company at $18.4 billion
• Goodrich downgraded to Market Perform by analysts at FBR Capital;

For Q2 (Jun ’11), It had a Net profit margin of 8.91%, an Operating margin of 15.13%. Other Key stats and ratios are : Return on average assets of 7.20%, Return on average equity of 18.90%. The organization has an employee strength of 25,600

Consensus Recommendation is a Outperform.

Estimate for sales for the Quarter Ending Sep-11 show a mean of 2,069.19 million dollars, an estimate high of 2,120.00 million dollars and an estimate low of 2,003.01 million dollars. A year ago the figures stood at 1,897.83 million dollars.

Estimate for sales for the Quarter Ending Dec-11 show a mean of 2,132.18 million dollars, an estimate high of 2,171.50 million dollars and an estimate low of 2,088.13 million dollars. A year ago the figures stood at 2,023.57 million dollars.

Estimate for EPS for the Quarter Ending Sep-11 show a mean of 1.51 dollars, an estimate high of 1.60 dollars and an estimate low of 1.44 dollars. A year ago the figures stood at 1.29 dollars.

Estimate for EPS for the Quarter Ending Dec-11 show a mean of 1.58 dollars, an estimate high of 1.71 dollars and an estimate low of 1.49 dollars. A year ago the figures stood at 1.41 dollars.

Sales for Quarter Ending Jun-11 was estimated at 1,943.69 million dollars, however the actual sales figure stood at 2,001.40 million dollars, 57.71 million dollars more than estimates.

Sales for Quarter Ending Mar-11 was estimated at 1,867.02 million dollars, however the actual sales figure stood at 1,895.90 million dollars, 28.88 million dollars more than estimates.

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