Ford Motor (F) Releases FY17 Earnings Guidance
Ford Motor (NYSE:F) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided EPS guidance of $1.78 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.84. Ford Motor also updated its FY18 guidance to $1.45-1.70 EPS.
Ford Motor (NYSE:F) traded down $0.13 on Tuesday, hitting $13.10. The stock had a trading volume of 51,999,000 shares, compared to its average volume of 32,810,000. Ford Motor has a 52 week low of $10.47 and a 52 week high of $13.48. The company has a debt-to-equity ratio of 2.94, a current ratio of 1.19 and a quick ratio of 1.08. The stock has a market cap of $52,040.00, a P/E ratio of 11.91, a PEG ratio of 0.81 and a beta of 1.26.
Ford Motor (NYSE:F) last posted its quarterly earnings results on Thursday, October 26th. The auto manufacturer reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.10. Ford Motor had a return on equity of 21.62% and a net margin of 2.91%. The company had revenue of $33.65 billion during the quarter, compared to the consensus estimate of $32.80 billion. During the same period last year, the business earned $0.26 EPS. The business’s quarterly revenue was up .9% on a year-over-year basis. equities analysts forecast that Ford Motor will post 1.81 earnings per share for the current year.
F has been the subject of a number of recent research reports. Zacks Investment Research raised Ford Motor from a hold rating to a buy rating and set a $14.00 price target for the company in a research note on Tuesday, December 26th. Morgan Stanley reaffirmed an equal weight rating on shares of Ford Motor in a research note on Tuesday, November 28th. Vetr raised Ford Motor from a hold rating to a buy rating and set a $13.34 price target for the company in a research note on Wednesday, October 4th. ValuEngine raised Ford Motor from a hold rating to a buy rating in a research note on Monday, October 2nd. Finally, Royal Bank of Canada reaffirmed a sector perform rating and set a $13.00 price target on shares of Ford Motor in a research note on Monday, October 16th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $12.66.
In other Ford Motor news, insider Hau N. Thai-Tang sold 18,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $13.00, for a total value of $234,000.00. Following the sale, the insider now owns 14,358 shares of the company’s stock, valued at approximately $186,654. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Steven R. Armstrong sold 10,752 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $12.32, for a total value of $132,464.64. Following the completion of the sale, the insider now directly owns 101,159 shares in the company, valued at approximately $1,246,278.88. The disclosure for this sale can be found here. In the last three months, insiders have sold 47,752 shares of company stock worth $603,965. 1.08% of the stock is currently owned by insiders.
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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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