Zacks: Analysts Expect Fiat Chrysler Automobiles NV (FCAU) to Post $0.66 Earnings Per Share

Equities research analysts forecast that Fiat Chrysler Automobiles NV (NYSE:FCAU) will report earnings per share of $0.66 for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Fiat Chrysler Automobiles’ earnings, with the highest EPS estimate coming in at $0.77 and the lowest estimate coming in at $0.54. Fiat Chrysler Automobiles reported earnings per share of $0.38 during the same quarter last year, which suggests a positive year-over-year growth rate of 73.7%. The company is expected to announce its next quarterly earnings report on Thursday, January 25th.

On average, analysts expect that Fiat Chrysler Automobiles will report full-year earnings of $2.66 per share for the current financial year, with EPS estimates ranging from $2.56 to $2.82. For the next year, analysts anticipate that the company will post earnings of $2.86 per share, with EPS estimates ranging from $2.29 to $3.59. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that cover Fiat Chrysler Automobiles.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research downgraded Fiat Chrysler Automobiles from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. Bank of America set a $19.00 price objective on Fiat Chrysler Automobiles and gave the company a “hold” rating in a report on Wednesday, October 25th. Citigroup upgraded Fiat Chrysler Automobiles from a “sell” rating to a “neutral” rating and upped their price objective for the company from $6.87 to $18.33 in a report on Friday, November 10th. Morgan Stanley increased their price target on Fiat Chrysler Automobiles from $14.00 to $18.00 and gave the stock an “overweight” rating in a report on Tuesday, November 21st. Finally, Barclays upgraded Fiat Chrysler Automobiles from an “equal weight” rating to an “overweight” rating and lowered their price target for the stock from $15.53 to $10.00 in a report on Wednesday, September 6th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Fiat Chrysler Automobiles has a consensus rating of “Buy” and a consensus price target of $16.78.

Fiat Chrysler Automobiles (FCAU) opened at $17.84 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.77 and a quick ratio of 0.48. The company has a market capitalization of $28,193.97, a price-to-earnings ratio of 8.00, a price-to-earnings-growth ratio of 0.36 and a beta of 1.63. Fiat Chrysler Automobiles has a one year low of $9.05 and a one year high of $18.56.

Hedge funds and other institutional investors have recently made changes to their positions in the company. BKS Advisors LLC bought a new position in Fiat Chrysler Automobiles during the 2nd quarter worth $128,000. QCM Cayman Ltd. bought a new position in Fiat Chrysler Automobiles during the 2nd quarter worth $136,000. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Fiat Chrysler Automobiles by 3.4% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 13,222 shares of the company’s stock valued at $141,000 after purchasing an additional 430 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of Fiat Chrysler Automobiles by 15.0% in the 2nd quarter. Cetera Investment Advisers now owns 14,074 shares of the company’s stock valued at $148,000 after purchasing an additional 1,840 shares in the last quarter. Finally, Elgethun Capital Management acquired a new stake in shares of Fiat Chrysler Automobiles in the 2nd quarter valued at $153,000. Institutional investors own 31.22% of the company’s stock.

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Fiat Chrysler Automobiles Company Profile

Fiat Chrysler Automobiles N.V., together with its subsidiaries, designs, engineers, manufactures, distributes, and sells vehicles, components, and production systems. The company operates through six segments: NAFTA, LATAM, APAC, EMEA, Maserati, and Components. It provides passenger cars, light trucks, and light commercial vehicles under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, and Ram brand names; and luxury vehicles under the Maserati brand, as well as related service parts and accessories, and service contracts under the Mopar brand.

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