$1.14 EPS Expected for General Motors (GM) This Quarter

Wall Street brokerages expect General Motors (NYSE:GM) (TSE:GMM.U) to report earnings of $1.14 per share for the current quarter, according to Zacks. Two analysts have made estimates for General Motors’ earnings, with the lowest EPS estimate coming in at $0.90 and the highest estimate coming in at $1.48. General Motors reported earnings per share of $1.43 in the same quarter last year, which would suggest a negative year over year growth rate of 20.3%. The firm is expected to issue its next quarterly earnings results on Thursday, April 25th.

On average, analysts expect that General Motors will report full year earnings of $6.48 per share for the current fiscal year, with EPS estimates ranging from $5.94 to $7.00. For the next financial year, analysts expect that the company will post earnings of $6.14 per share, with EPS estimates ranging from $4.55 to $7.00. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow General Motors.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Wednesday, February 6th. The auto manufacturer reported $1.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.22. General Motors had a net margin of 5.45% and a return on equity of 23.99%. The company had revenue of $38.40 billion during the quarter, compared to analyst estimates of $36.31 billion. During the same quarter last year, the business posted $1.65 EPS. General Motors’s quarterly revenue was up 1.8% compared to the same quarter last year.

GM has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of General Motors from a “hold” rating to a “strong-buy” rating and set a $38.00 price target for the company in a research note on Tuesday, January 8th. Royal Bank of Canada raised their price target on shares of General Motors from $45.00 to $50.00 and gave the stock an “outperform” rating in a research note on Monday, January 14th. BMO Capital Markets upgraded shares of General Motors from a “market perform” rating to an “outperform” rating in a research note on Monday, January 7th. JPMorgan Chase & Co. raised their price target on shares of General Motors from $48.00 to $53.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 27th. Finally, Goldman Sachs Group set a $38.00 price target on shares of General Motors and gave the stock a “hold” rating in a research note on Monday, January 14th. Five research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $46.97.

Shares of GM stock traded up $0.04 during trading hours on Friday, hitting $38.07. 16,854,723 shares of the company were exchanged, compared to its average volume of 10,258,409. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 1.71. General Motors has a 52-week low of $30.56 and a 52-week high of $45.00. The firm has a market cap of $54.69 billion, a P/E ratio of 5.82, a PEG ratio of 0.70 and a beta of 1.28.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 22nd. Shareholders of record on Friday, March 8th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 3.99%. The ex-dividend date of this dividend is Thursday, March 7th. General Motors’s payout ratio is 23.24%.

In other General Motors news, VP Christopher Hatto sold 8,499 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $40.00, for a total value of $339,960.00. Following the completion of the transaction, the vice president now directly owns 10,040 shares of the company’s stock, valued at approximately $401,600. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Alan S. Batey sold 70,266 shares of the firm’s stock in a transaction on Monday, February 11th. The shares were sold at an average price of $38.39, for a total transaction of $2,697,511.74. Following the completion of the transaction, the insider now directly owns 205,906 shares of the company’s stock, valued at $7,904,731.34. The disclosure for this sale can be found here. 0.39% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in GM. Vanguard Group Inc. lifted its holdings in shares of General Motors by 2.9% during the 3rd quarter. Vanguard Group Inc. now owns 96,849,509 shares of the auto manufacturer’s stock worth $3,260,923,000 after acquiring an additional 2,699,178 shares during the last quarter. Vanguard Group Inc lifted its holdings in shares of General Motors by 2.9% during the 3rd quarter. Vanguard Group Inc now owns 96,849,509 shares of the auto manufacturer’s stock worth $3,260,923,000 after acquiring an additional 2,699,178 shares during the last quarter. Capital World Investors lifted its holdings in shares of General Motors by 15.4% during the 3rd quarter. Capital World Investors now owns 83,910,382 shares of the auto manufacturer’s stock worth $2,825,263,000 after acquiring an additional 11,218,495 shares during the last quarter. Harris Associates L P raised its position in General Motors by 4.2% in the 4th quarter. Harris Associates L P now owns 62,412,310 shares of the auto manufacturer’s stock worth $2,087,691,000 after purchasing an additional 2,510,439 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its position in General Motors by 2,701.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 34,064,309 shares of the auto manufacturer’s stock worth $1,018,000 after purchasing an additional 32,848,376 shares during the period. 76.93% of the stock is owned by hedge funds and other institutional investors.

About General Motors

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

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Earnings History and Estimates for General Motors (NYSE:GM)

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