Equities Analysts Offer Predictions for Ford Motor Co.’s Q3 2016 Earnings (F)
Ford Motor Co. (NYSE:F) – Analysts at Jefferies Group issued their Q3 2016 EPS estimates for shares of Ford Motor in a research report issued on Friday. Jefferies Group analyst P. Houchois forecasts that the firm will earn $0.23 per share for the quarter. Jefferies Group has a “Sell” rating on the stock. Jefferies Group also issued estimates for Ford Motor’s FY2016 earnings at $1.81 EPS.
Several other brokerages also recently issued reports on F. Deutsche Bank AG reissued a “hold” rating and issued a $14.00 price target on shares of Ford Motor in a report on Wednesday, August 17th. Goldman Sachs Group Inc. set a $15.00 price target on Ford Motor and gave the stock a “buy” rating in a report on Thursday, July 7th. Zacks Investment Research downgraded Ford Motor from a “hold” rating to a “sell” rating in a report on Monday, July 18th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Ford Motor in a report on Monday, September 12th. Finally, Vetr downgraded Ford Motor from a “strong-buy” rating to a “buy” rating and set a $13.45 price target on the stock. in a report on Monday, July 4th. Five research analysts have rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $14.03.
Shares of Ford Motor (NYSE:F) opened at 12.29 on Monday. The stock has a market capitalization of $48.83 billion, a P/E ratio of 5.80 and a beta of 1.27. Ford Motor has a 12 month low of $11.02 and a 12 month high of $15.84. The stock has a 50 day moving average price of $12.31 and a 200 day moving average price of $12.90.
Ford Motor (NYSE:F) last posted its earnings results on Thursday, July 28th. The auto manufacturer reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $0.60 by $0.08. The firm had revenue of $39.50 million for the quarter, compared to analysts’ expectations of $36.29 billion. Ford Motor had a return on equity of 30.49% and a net margin of 5.35%. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.47 earnings per share.
Several hedge funds have recently made changes to their positions in the company. Mount Lucas Management LP boosted its stake in shares of Ford Motor by 60.3% in the first quarter. Mount Lucas Management LP now owns 1,885,747 shares of the auto manufacturer’s stock worth $25,458,000 after buying an additional 709,103 shares in the last quarter. Adage Capital Partners GP L.L.C. boosted its stake in shares of Ford Motor by 1.3% in the first quarter. Adage Capital Partners GP L.L.C. now owns 5,838,615 shares of the auto manufacturer’s stock worth $78,821,000 after buying an additional 72,800 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Ford Motor by 3.3% in the first quarter. Legal & General Group Plc now owns 18,761,433 shares of the auto manufacturer’s stock worth $253,250,000 after buying an additional 597,065 shares in the last quarter. Natixis boosted its stake in shares of Ford Motor by 1,101.7% in the first quarter. Natixis now owns 4,883,711 shares of the auto manufacturer’s stock worth $65,930,000 after buying an additional 4,477,314 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in shares of Ford Motor by 38.8% in the first quarter. Nuveen Asset Management LLC now owns 2,147,045 shares of the auto manufacturer’s stock worth $28,986,000 after buying an additional 600,568 shares in the last quarter. 56.06% of the stock is owned by institutional investors.
In other Ford Motor news, insider Sankar S. Nair sold 82,000 shares of the business’s stock in a transaction dated Tuesday, October 4th. The stock was sold at an average price of $12.11, for a total value of $993,020.00. Following the completion of the sale, the insider now owns 32,969 shares of the company’s stock, valued at $399,254.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director John C. Lechleiter purchased 5,000 shares of Ford Motor stock in a transaction on Monday, August 8th. The stock was bought at an average cost of $12.26 per share, with a total value of $61,300.00. Following the transaction, the director now directly owns 25,000 shares of the company’s stock, valued at $306,500. The disclosure for this purchase can be found here. Corporate insiders own 1.10% of the company’s stock.
About Ford Motor
Ford Motor Company (Ford) is a global automotive and mobility company. The Company’s principal business includes designing, manufacturing, marketing, financing, and servicing a line of Ford cars, trucks, sports utility vehicles (SUVs), and electrified vehicles, as well as Lincoln luxury vehicles. The Company operates in two sectors: Automotive and Financial Services.
Receive News & Ratings for Ford Motor Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ford Motor Co. and related companies with MarketBeat.com's FREE daily email newsletter.