Ford Motor (NYSE:F) Posts Quarterly Earnings Results, Beats Estimates By $0.07 EPS

Ford Motor (NYSE:F) posted its earnings results on Wednesday. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.07, Briefing.com reports. Ford Motor had a return on equity of 17.63% and a net margin of 2.21%. The firm had revenue of $42.78 billion for the quarter, compared to analysts’ expectations of $42.93 billion. During the same period in the previous year, the firm earned $0.63 earnings per share. The business’s revenue was up 3.1% compared to the same quarter last year.

Ford Motor Trading Down 2.1 %

Ford Motor stock opened at $12.77 on Friday. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.17 and a quick ratio of 1.04. Ford Motor has a one year low of $9.63 and a one year high of $15.42. The stock has a market capitalization of $50.74 billion, a PE ratio of 13.16, a price-to-earnings-growth ratio of 1.01 and a beta of 1.63. The business’s fifty day moving average is $12.62 and its 200 day moving average is $11.79.

Ford Motor Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 8th will be paid a $0.15 dividend. The ex-dividend date is Tuesday, May 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.70%. Ford Motor’s dividend payout ratio is currently 61.86%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Royal Bank of Canada boosted their target price on Ford Motor from $12.00 to $13.00 and gave the company a “sector perform” rating in a research note on Thursday. Redburn Atlantic assumed coverage on Ford Motor in a research note on Wednesday, January 24th. They issued a “sell” rating and a $10.00 price target on the stock. UBS Group upped their price target on Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Thursday. Piper Sandler assumed coverage on Ford Motor in a research note on Friday, March 15th. They issued a “neutral” rating and a $13.00 price target on the stock. Finally, Morgan Stanley upped their price target on Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 13th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Ford Motor has an average rating of “Hold” and a consensus target price of $14.02.

Insider Activity at Ford Motor

In other Ford Motor news, CAO Mark Kosman sold 26,898 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $12.53, for a total value of $337,031.94. Following the transaction, the chief accounting officer now directly owns 7,102 shares of the company’s stock, valued at $88,988.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Sequoia Financial Advisors LLC raised its stake in shares of Ford Motor by 15.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 342,150 shares of the auto manufacturer’s stock worth $4,171,000 after buying an additional 44,581 shares during the period. Pearl River Capital LLC raised its stake in Ford Motor by 174.2% during the 3rd quarter. Pearl River Capital LLC now owns 332,161 shares of the auto manufacturer’s stock valued at $4,125,000 after purchasing an additional 211,037 shares during the period. TIAA Trust National Association bought a new stake in Ford Motor during the 3rd quarter valued at approximately $1,104,000. Mackenzie Financial Corp raised its stake in Ford Motor by 110.5% during the 3rd quarter. Mackenzie Financial Corp now owns 700,928 shares of the auto manufacturer’s stock valued at $8,460,000 after purchasing an additional 367,977 shares during the period. Finally, Axxcess Wealth Management LLC raised its stake in Ford Motor by 616.0% during the 3rd quarter. Axxcess Wealth Management LLC now owns 300,951 shares of the auto manufacturer’s stock valued at $3,738,000 after purchasing an additional 258,920 shares during the period. Institutional investors own 58.74% of the company’s stock.

About Ford Motor

Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company 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.