Ford Motor Company (F) Expected to Announce Earnings of $0.31 Per Share
Analysts predict that Ford Motor Company (NYSE:F) will report earnings of $0.31 per share for the current quarter, according to Zacks. Four analysts have made estimates for Ford Motor’s earnings, with the lowest EPS estimate coming in at $0.24 and the highest estimate coming in at $0.38. Ford Motor reported earnings per share of $0.26 in the same quarter last year, which would suggest a positive year over year growth rate of 19.2%. The company is scheduled to issue its next earnings report on Thursday, October 26th.
According to Zacks, analysts expect that Ford Motor will report full year earnings of $1.67 per share for the current year, with EPS estimates ranging from $1.43 to $1.81. For the next fiscal year, analysts expect that the business will report earnings of $1.50 per share, with EPS estimates ranging from $0.95 to $1.71. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow Ford Motor.
Ford Motor (NYSE:F) last posted its earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 EPS for the quarter, beating the consensus estimate of $0.43 by $0.13. The firm had revenue of $36.93 billion for the quarter, compared to analyst estimates of $37.22 billion. Ford Motor had a return on equity of 19.69% and a net margin of 2.52%. Ford Motor’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.52 earnings per share.
A number of equities analysts have commented on the stock. Instinet lowered shares of Ford Motor from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $14.80 to $11.60 in a report on Wednesday. Jefferies Group LLC reiterated a “neutral” rating on shares of Ford Motor in a report on Monday. Nomura lowered shares of Ford Motor to a “hold” rating in a report on Saturday, August 5th. Zacks Investment Research upgraded shares of Ford Motor from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Finally, BidaskClub lowered shares of Ford Motor from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $12.60.
Ford Motor (F) opened at 10.92 on Thursday. Ford Motor has a 12-month low of $10.67 and a 12-month high of $13.27. The stock has a market cap of $43.37 billion, a price-to-earnings ratio of 11.49 and a beta of 1.11. The company has a 50-day moving average price of $11.31 and a 200 day moving average price of $11.67. Ford Motor also was the recipient of unusually large options trading activity on Tuesday. Stock investors bought 16,478 put options on the company. This represents an increase of approximately 112% compared to the average volume of 7,783 put options.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, July 24th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.49%. The ex-dividend date of this dividend is Thursday, July 20th. Ford Motor’s dividend payout ratio (DPR) is 63.16%.
In other Ford Motor news, VP John T. Lawler sold 80,624 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $11.00, for a total value of $886,864.00. Following the completion of the transaction, the vice president now owns 10 shares in the company, valued at approximately $110. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider James D. Farley, Jr. sold 25,000 shares of the company’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $11.16, for a total transaction of $279,000.00. Following the completion of the transaction, the insider now owns 428,411 shares of the company’s stock, valued at approximately $4,781,066.76. The disclosure for this sale can be found here. 1.08% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Balentine LLC boosted its position in Ford Motor by 2.6% in the first quarter. Balentine LLC now owns 9,097 shares of the auto manufacturer’s stock valued at $106,000 after buying an additional 231 shares during the period. Archford Capital Strategies LLC boosted its position in Ford Motor by 7.8% in the first quarter. Archford Capital Strategies LLC now owns 9,361 shares of the auto manufacturer’s stock valued at $109,000 after buying an additional 676 shares during the period. Reilly Financial Advisors LLC boosted its position in Ford Motor by 1.5% in the second quarter. Reilly Financial Advisors LLC now owns 9,856 shares of the auto manufacturer’s stock valued at $110,000 after buying an additional 150 shares during the period. Kelman Lazarov Inc. purchased a new position in Ford Motor during the second quarter valued at approximately $116,000. Finally, GWM Advisors LLC purchased a new position in Ford Motor during the first quarter valued at approximately $117,000. Hedge funds and other institutional investors own 55.23% of the company’s stock.
Ford Motor Company Profile
Ford Motor Company is a global automotive and mobility company. The Company’s business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles. The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations.
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