Wall Street analysts expect Ford Motor (NYSE:F – Get Rating) to post sales of $34.26 billion for the current quarter, reports Zacks Investment Research. Two analysts have made estimates of Ford Motor’s earnings, with estimates ranging from $32.76 billion to $35.75 billion. Ford Motor reported sales of $24.13 billion in the same quarter last year, suggesting a positive growth rate of 42% year over year. The company is expected to announce its next results after the market closes on Monday, January 1.
According to Zacks, analysts expect Ford Motor to report annual sales of $143.90 billion for the current fiscal year, with estimates ranging from $141.63 billion to $147.45 billion. For the next fiscal year, analysts expect the company to post sales of $151.51 billion, with estimates ranging from $140.74 billion to $159.13 billion. Zacks sales averages are an average based on a survey of research companies that track Ford Motor.
Ford Motor (NYSE:F – Get Rating) last released its results on Wednesday, April 27. The automaker reported earnings per share of $0.38 for the quarter, missing analyst consensus estimates of $0.39 per ($0.01). Ford Motor had a net margin of 8.57% and a return on equity of 12.46%. The company posted revenue of $32.11 billion in the quarter, versus analyst estimates of $30.39 billion. In the same quarter a year earlier, the company posted EPS of $0.89.
Several research firms commented on the fact that F. Berenberg Bank began covering Ford Motor in a research report on Tuesday May 10. They issued a “hold” rating and a price target of $17.00 on the stock. JPMorgan Chase & Co. lowered its price target on Ford Motor from $22.00 to $21.00 in a Monday, April 25 research report. Deutsche Bank Aktiengesellschaft lowered its price target on Ford Motor from $21.00 to $17.00 and set a “hold” rating on the stock in a Thursday, April 21 research report. Zacks Investment Research upgraded Ford Motor from a “hold” rating to a “buy” rating and set a target price of $22.00 for the stock in a Wednesday, Feb. 2 research report. Finally, Tigress Financial raised its price target on Ford Motor from $20.00 to $22.00 and gave the stock a “buy” rating in a Friday, May 20 research report. Four equity research analysts gave the stock a sell rating, eleven issued a hold rating and eight gave the company a buy rating. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $18.76.
In other news, major shareholder Motor Co Ford sold 8,000,000 shares of the company in a transaction on Monday May 9. The stock was sold at an average price of $26.80, for a total transaction of $214,400,000.00. Following the completion of the sale, the insider now directly owns 93,947,494 shares of the company, valued at approximately $2,517,792,839.20. The transaction was disclosed in a document filed with the SEC, accessible via this hyperlink. Additionally, insider Ashwani Kumar Galhotra sold 25,892 shares of the company in a trade on Tuesday, May 24. The stock was sold at an average price of $12.41, for a total value of $321,319.72. Following the completion of the sale, the insider now directly owns 511,605 shares of the company, valued at approximately $6,349,018.05. The disclosure of this sale can be found here. In the past three months, insiders have sold 15,025,892 shares of the company valued at $402,881,320. Company insiders hold 0.71% of the company’s shares.
Several large investors have recently changed their positions in F. Sound Income Strategies LLC increased its position in Ford Motor shares by 2.5% during the 4th quarter. Sound Income Strategies LLC now owns 19,341 shares of the automaker valued at $402,000 after acquiring 464 additional shares in the last quarter. Detalus Advisors LLC increased its position in Ford Motor shares by 3.6% during the fourth quarter. Detalus Advisors LLC now owns 14,490 shares of the automaker valued at $301,000 after acquiring an additional 500 shares in the last quarter. Ridgecrest Wealth Partners LLC increased its holdings of Ford Motor shares by 2.5% in the fourth quarter. Ridgecrest Wealth Partners LLC now owns 20,600 shares of the automaker valued at $428,000 after purchasing an additional 500 shares during the period. Acropolis Investment Management LLC increased its holdings of Ford Motor shares by 5.0% in the fourth quarter. Acropolis Investment Management LLC now owns 10,784 shares of the automaker valued at $224,000 after purchasing an additional 512 shares during the period. Finally, 44 Wealth Management LLC increased its holdings of Ford Motor shares by 5.0% in the fourth quarter. 44 Wealth Management LLC now owns 10,933 shares of the automaker valued at $227,000 after purchasing an additional 525 shares during the period. Institutional investors and hedge funds own 52.35% of the company’s shares.
NYSE:F opened at $13.68 on Wednesday. The company’s 50-day moving average is $14.74 and its two-hundred-day moving average is $17.89. The company has a debt ratio of 1.94, a current ratio of 1.17 and a quick ratio of 1.01. Ford Motor has a 12-month low of $12.07 and a 12-month high of $25.87. The company has a market capitalization of $54.99 billion, a PE ratio of 4.82, a growth price-earnings ratio of 2.37 and a beta of 1.15.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 1. Shareholders of record on Tuesday, April 26 will receive a dividend of $0.10 per share. This represents an annualized dividend of $0.40 and a dividend yield of 2.92%. The ex-dividend date is Monday, April 25. Ford Motor’s dividend payout ratio is currently 14.08%.
Ford Automotive Company Profile (Get a rating)
Ford Motor Company designs, manufactures, markets and services a range of Lincoln trucks, cars, sport utility vehicles, electrified vehicles and luxury vehicles worldwide. It operates through three segments: Automotive, Mobility and Ford Credit. The Automotive segment sells Ford and Lincoln vehicles, replacement parts and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily car rental companies and governments.
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