$ 36.37 billion in expected sales for Ford Motor (NYSE: F) this quarter
Stock analysts predict that Ford Motor (NYSE: F) will report $ 36.37 billion in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Ford Motor’s earnings. The lowest sales estimate is $ 36.35 billion and the highest is $ 36.40 billion. Ford Motor posted sales of $ 33.20 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 9.5%. The company is expected to release its next quarterly earnings report on Thursday, February 3.
According to Zacks, analysts expect Ford Motor to report annual sales of $ 130.49 billion for the current year, with estimates ranging from $ 127.24 billion to $ 136.95 billion. For the next fiscal year, analysts predict the company will post revenue of $ 147.31 billion, with estimates ranging from $ 140.97 billion to $ 153.37 billion. Zacks Investment Research sales averages are an average based on a survey of sales-side research companies that track Ford Motor.
Ford Motor (NYSE: F) last released its results on Tuesday, October 26. The automaker reported earnings per share (EPS) of $ 0.51 for the quarter, beating analyst consensus estimates of $ 0.27 by $ 0.24. Ford Motor had a return on equity of 21.85% and a net margin of 2.10%. The company posted revenue of $ 33.21 billion for the quarter, compared to analysts’ expectations of $ 32.79 billion. During the same period last year, the company earned $ 0.65 per share. Ford Motor’s quarterly revenue was down 4.3% from the same quarter last year.
Several equity research analysts recently weighed in on F stocks. Morgan Stanley raised its price target on Ford Motor from $ 11.00 to $ 12.00 and gave the stock an “underweight” rating. in a report released on Thursday, November 11. They noted that the move was an appraisal call. Tigress Financial reaffirmed a buy rating and set a price target of $ 20.00 on Ford Motor shares in a report released on Wednesday, October 20. JPMorgan Chase & Co. raised its price target for Ford Motor from $ 18.00 to $ 20.00 and rated the company “overweight” in a report released Thursday, October 21. The Royal Bank of Canada raised its price target for Ford Motor from $ 16.00 to $ 17.00 and gave the company an âoutperformanceâ rating in a report released Thursday, October 28. Finally, Deutsche Bank Aktiengesellschaft raised its price target for Ford Motor from $ 16.00 to $ 18.00 and gave the company a âholdâ rating in a report released on Monday, October 25. Four investment analysts rated the stock with a sell rating, four issued a conservation rating, and twelve issued a buy rating for the stock. Based on data from MarketBeat.com, Ford Motor currently has a consensus rating of âHoldâ and an average price target of $ 17.85.
In other Ford Motor news, insider Catherine A. O’callaghan sold 72,956 shares of the company in a trade on Friday, December 3. The stock was sold for an average price of $ 20.26, for a total value of $ 1,478,088.56. The transaction was disclosed in a filing with the SEC, which is available on the SEC’s website. Additionally, insider Stuart J. Rowley sold 15,000 shares of the company in a trade on Thursday, October 28. The stock was sold for an average price of $ 17.00, for a total value of $ 255,000.00. Disclosure of this sale can be found here. In the past ninety days, insiders have sold 133,088 shares of the company valued at $ 2,585,456. 0.90% of the shares are held by insiders.
Large investors have recently changed their positions in the company. Core Wealth Advisors Inc. increased its holdings of Ford Motor shares by 123.7% in the second quarter. Core Wealth Advisors Inc. now owns 1,787 shares of the automaker valued at $ 27,000 after purchasing an additional 988 shares in the last quarter. Eagle Bay Advisors LLC purchased a new position in Ford Motor in the second quarter valued at approximately $ 34,000. RPg Family Wealth Advisory LLC purchased a new position in Ford Motor in the second quarter valued at approximately $ 34,000. Atwood & Palmer Inc. purchased a new position in Ford Motor in the third quarter valued at approximately $ 35,000. Finally, Walled Lake Planning & Wealth Management LLC increased its stake in Ford Motor by 58.8% in the second quarter. Walled Lake Planning & Wealth Management LLC now owns 2,700 shares of the automaker valued at $ 40,000 after acquiring an additional 1,000 shares during the period. 50.83% of the shares are currently held by hedge funds and other institutional investors.
Ford Motor shares opened at $ 19.77 on Friday. The stock has a fifty-day moving average price of $ 18.57 and a 200-day moving average price of $ 15.61. Ford Motor has a one-year low of $ 8.43 and a one-year high of $ 21.49. The company has a market cap of $ 79.01 billion, a PE ratio of 28.24, a P / E / G ratio of 0.46, and a beta of 1.10. The company has a debt to equity ratio of 2.65, a current ratio of 1.20, and a quick ratio of 1.05.
The company also recently declared a quarterly dividend, which was paid on Wednesday, December 1. Investors registered on Friday, November 19 received a dividend of $ 0.10. The ex-dividend date of this dividend was Thursday, November 18. This represents an annualized dividend of $ 0.40 and a return of 2.02%. Ford Motor’s payout rate is 57.14%.
About Ford Motor
Ford Motor Co is engaged in the manufacture, distribution and sale of automobiles. It operates in the following three segments: Automotive, Mobility and Ford Credit. The Automotive segment is engaged in the development, manufacture, marketing and service of Ford cars and Lincoln vehicles. The Mobility segment includes Ford Smart Mobility LLC and the autonomous vehicle businesses.
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