$1.21 Earnings Per Share Expected for General Motors (GM) This Quarter

Analysts expect General Motors (NYSE:GM) (TSE:GMM.U) to report earnings of $1.21 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for General Motors’ earnings, with the lowest EPS estimate coming in at $1.07 and the highest estimate coming in at $1.43. General Motors reported earnings per share of $1.65 in the same quarter last year, which would suggest a negative year over year growth rate of 26.7%. The company is scheduled to report its next quarterly earnings report on Tuesday, February 5th.

On average, analysts expect that General Motors will report full-year earnings of $6.23 per share for the current fiscal year, with EPS estimates ranging from $5.98 to $6.54. For the next financial year, analysts forecast that the firm will post earnings of $5.73 per share, with EPS estimates ranging from $4.43 to $6.50. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for General Motors.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results on Wednesday, October 31st. The auto manufacturer reported $1.87 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.62. General Motors had a return on equity of 25.81% and a net margin of 0.56%. The company had revenue of $35.79 billion during the quarter, compared to analyst estimates of $34.85 billion. During the same quarter last year, the firm posted $1.32 earnings per share. The firm’s revenue was up 6.4% on a year-over-year basis.

A number of analysts recently commented on GM shares. Bank of America reaffirmed a “buy” rating and issued a $60.00 price target on shares of General Motors in a research note on Wednesday, September 12th. Citigroup lowered their price objective on General Motors to $60.00 and set a “buy” rating for the company in a research report on Thursday, July 26th. Piper Jaffray Companies set a $51.00 price objective on General Motors and gave the company a “buy” rating in a research report on Wednesday, July 25th. Guggenheim reissued a “buy” rating and set a $52.00 price objective on shares of General Motors in a research report on Friday, July 20th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $39.00 price objective on shares of General Motors in a research report on Friday, July 27th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the stock. General Motors presently has a consensus rating of “Buy” and a consensus price target of $46.15.

Several large investors have recently modified their holdings of GM. Capital Research Global Investors bought a new position in shares of General Motors during the third quarter valued at $480,782,000. Capital World Investors increased its holdings in shares of General Motors by 15.4% during the third quarter. Capital World Investors now owns 83,910,382 shares of the auto manufacturer’s stock valued at $2,825,263,000 after acquiring an additional 11,218,495 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of General Motors by 38.9% during the third quarter. Franklin Resources Inc. now owns 27,084,102 shares of the auto manufacturer’s stock valued at $911,922,000 after acquiring an additional 7,578,850 shares in the last quarter. Ruffer LLP bought a new position in shares of General Motors during the second quarter valued at $120,141,000. Finally, Natixis increased its holdings in shares of General Motors by 780.3% during the second quarter. Natixis now owns 3,170,930 shares of the auto manufacturer’s stock valued at $124,935,000 after acquiring an additional 2,810,730 shares in the last quarter. Hedge funds and other institutional investors own 73.61% of the company’s stock.

GM stock traded down $0.03 on Tuesday, reaching $35.52. The company’s stock had a trading volume of 125,450 shares, compared to its average volume of 14,507,842. General Motors has a 12-month low of $30.56 and a 12-month high of $45.52. The firm has a market capitalization of $50.71 billion, a price-to-earnings ratio of 5.32, a PEG ratio of 0.68 and a beta of 1.25. The company has a quick ratio of 0.76, a current ratio of 0.89 and a debt-to-equity ratio of 1.75.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 20th. Stockholders of record on Friday, December 7th will be issued a dividend of $0.38 per share. The ex-dividend date is Thursday, December 6th. This represents a $1.52 annualized dividend and a dividend yield of 4.28%. General Motors’s payout ratio is presently 22.96%.

About General Motors

General Motors Company, together with its subsidiaries, designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.

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