Brokerages Anticipate Ford Motor (F) to Post $0.33 Earnings Per Share

Brokerages forecast that Ford Motor (NYSE:F) will report $0.33 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Ford Motor’s earnings, with the highest EPS estimate coming in at $0.38 and the lowest estimate coming in at $0.27. Ford Motor reported earnings per share of $0.27 during the same quarter last year, which would indicate a positive year-over-year growth rate of 22.2%. The company is expected to issue its next quarterly earnings report on Wednesday, July 24th.

According to Zacks, analysts expect that Ford Motor will report full-year earnings of $1.38 per share for the current year, with EPS estimates ranging from $1.20 to $1.50. For the next year, analysts anticipate that the business will report earnings of $1.37 per share, with EPS estimates ranging from $0.83 to $1.59. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for Ford Motor.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Thursday, April 25th. The auto manufacturer reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.18. The company had revenue of $40.34 billion for the quarter, compared to analyst estimates of $37.37 billion. Ford Motor had a net margin of 1.94% and a return on equity of 14.41%. Ford Motor’s quarterly revenue was down 3.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.43 earnings per share.

A number of research firms have commented on F. Jefferies Financial Group upgraded shares of Ford Motor to a “buy” rating and lifted their price objective for the company from $11.00 to $12.50 in a research note on Tuesday, April 30th. TheStreet upgraded shares of Ford Motor from a “c” rating to a “b-” rating in a research note on Thursday, April 25th. Bank of America upgraded shares of Ford Motor from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $13.00 to $14.00 in a research note on Friday, May 10th. Seaport Global Securities began coverage on shares of Ford Motor in a research note on Wednesday, February 13th. They issued a “neutral” rating and a $8.46 price objective on the stock. They noted that the move was a valuation call. Finally, Morgan Stanley set a $10.00 price objective on shares of Ford Motor and gave the company a “hold” rating in a research note on Friday, April 26th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $10.48.

NYSE F traded down $0.11 during trading on Friday, reaching $10.29. The company’s stock had a trading volume of 34,561,012 shares, compared to its average volume of 44,579,536. The company has a debt-to-equity ratio of 2.82, a quick ratio of 1.10 and a current ratio of 1.22. The firm has a market cap of $40.89 billion, a PE ratio of 7.92, a P/E/G ratio of 1.02 and a beta of 1.12. Ford Motor has a twelve month low of $7.41 and a twelve month high of $12.15.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, April 24th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.83%. The ex-dividend date of this dividend is Tuesday, April 23rd. Ford Motor’s payout ratio is 46.15%.

In other news, Director John C. Lechleiter bought 10,000 shares of the stock in a transaction dated Friday, May 10th. The shares were acquired at an average price of $10.32 per share, with a total value of $103,200.00. Following the completion of the acquisition, the director now directly owns 55,000 shares in the company, valued at $567,600. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Catherine A. O’callaghan sold 53,000 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $10.33, for a total transaction of $547,490.00. Following the sale, the vice president now directly owns 48,275 shares in the company, valued at approximately $498,680.75. The disclosure for this sale can be found here. 0.83% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in F. Norges Bank purchased a new stake in Ford Motor during the fourth quarter worth about $161,692,000. Oregon Public Employees Retirement Fund boosted its holdings in Ford Motor by 572.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 19,763,660 shares of the auto manufacturer’s stock worth $2,583,000 after buying an additional 16,825,955 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in Ford Motor during the first quarter worth about $83,707,000. Geode Capital Management LLC boosted its holdings in Ford Motor by 8.2% during the fourth quarter. Geode Capital Management LLC now owns 52,343,847 shares of the auto manufacturer’s stock worth $399,887,000 after buying an additional 3,950,938 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in Ford Motor by 147.8% during the first quarter. SG Americas Securities LLC now owns 1,162,396 shares of the auto manufacturer’s stock worth $10,206,000 after buying an additional 3,593,791 shares in the last quarter. 52.77% of the stock is currently owned by hedge funds and other institutional investors.

Ford Motor Company Profile

Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.

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Earnings History and Estimates for Ford Motor (NYSE:F)

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