Equities research analysts predict that Ford Motor (NYSE:F) will announce earnings of $0.27 per share for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Ford Motor’s earnings, with the highest EPS estimate coming in at $0.32 and the lowest estimate coming in at $0.24. Ford Motor posted earnings per share of $0.29 during the same quarter last year, which would indicate a negative year over year growth rate of 6.9%. The business is expected to report its next quarterly earnings report after the market closes on Wednesday, October 23rd.
According to Zacks, analysts expect that Ford Motor will report full year earnings of $1.26 per share for the current fiscal year, with EPS estimates ranging from $1.20 to $1.35. For the next financial year, analysts expect that the company will report earnings of $1.30 per share, with EPS estimates ranging from $1.08 to $1.47. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Ford Motor.
Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, July 24th. The auto manufacturer reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.02. Ford Motor had a return on equity of 14.92% and a net margin of 1.37%. The business had revenue of $35.91 billion for the quarter, compared to the consensus estimate of $35.21 billion. During the same period in the previous year, the business earned $0.27 earnings per share. The business’s revenue was up .4% on a year-over-year basis.
Several brokerages have recently commented on F. Buckingham Research lowered their price objective on Ford Motor from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 1st. Goldman Sachs Group set a $13.00 price objective on Ford Motor and gave the company a “buy” rating in a research report on Thursday, June 13th. Bank of America downgraded Ford Motor to a “buy” rating and set a $13.00 price objective on the stock. in a research report on Tuesday, September 10th. TheStreet downgraded Ford Motor from a “b-” rating to a “c” rating in a research report on Friday, July 26th. Finally, Credit Suisse Group downgraded Ford Motor to an “outperform” rating and set a $12.00 price objective on the stock. in a research report on Wednesday, September 11th. Four research analysts have rated the stock with a sell rating, five have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $10.30.
In related news, CEO James P. Hackett sold 20,000 shares of the business’s stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $8.54, for a total value of $170,800.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider James D. Farley, Jr. sold 45,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $9.19, for a total value of $413,550.00. Following the completion of the sale, the insider now owns 496,753 shares in the company, valued at $4,565,160.07. The disclosure for this sale can be found here. Insiders sold 145,000 shares of company stock worth $1,355,250 over the last quarter. 0.83% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. lifted its stake in Ford Motor by 0.7% in the first quarter. Envestnet Asset Management Inc. now owns 851,690 shares of the auto manufacturer’s stock valued at $7,478,000 after buying an additional 6,229 shares during the period. CIBC Private Wealth Group LLC raised its position in shares of Ford Motor by 19.0% during the first quarter. CIBC Private Wealth Group LLC now owns 37,687 shares of the auto manufacturer’s stock worth $331,000 after purchasing an additional 6,026 shares during the period. Global Financial Private Capital LLC raised its position in shares of Ford Motor by 18.9% during the first quarter. Global Financial Private Capital LLC now owns 12,331 shares of the auto manufacturer’s stock worth $108,000 after purchasing an additional 1,959 shares during the period. MML Investors Services LLC raised its position in shares of Ford Motor by 6.6% during the first quarter. MML Investors Services LLC now owns 461,721 shares of the auto manufacturer’s stock worth $4,054,000 after purchasing an additional 28,606 shares during the period. Finally, Private Advisor Group LLC raised its position in shares of Ford Motor by 37.6% during the first quarter. Private Advisor Group LLC now owns 525,933 shares of the auto manufacturer’s stock worth $4,590,000 after purchasing an additional 143,711 shares during the period. Institutional investors own 53.78% of the company’s stock.
Shares of Ford Motor stock traded up $0.21 during trading hours on Friday, hitting $8.83. The company’s stock had a trading volume of 21,974,332 shares, compared to its average volume of 33,180,516. The business has a 50 day moving average price of $9.07 and a two-hundred day moving average price of $9.58. Ford Motor has a 12-month low of $7.41 and a 12-month high of $10.56. The company has a market cap of $35.14 billion, a PE ratio of 6.79, a PEG ratio of 0.93 and a beta of 1.10. The company has a debt-to-equity ratio of 2.86, a quick ratio of 1.08 and a current ratio of 1.20.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, October 22nd will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.80%. Ford Motor’s dividend payout ratio is currently 46.15%.
Ford Motor Company Profile
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.
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