General Motors (GM) Announces Quarterly Earnings Results, Misses Estimates By $0.21 EPS
General Motors (NYSE:GM) posted its quarterly earnings results on Thursday. The company reported $0.67 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.88 by $0.21, Analyst Ratings News reports. The company had revenue of $40.50 billion for the quarter, compared to the consensus estimate of $40.89 billion.
General Motors (NYSE:GM) opened at 35.24 on Thursday. General Motors has a 1-year low of $26.19 and a 1-year high of $41.85. The stock’s 50-day moving average is $39.05 and its 200-day moving average is $37.22. The company has a market cap of $48.947 billion and a P/E ratio of 15.23. General Motors also was the recipient of some unusual options trading on Monday. Stock traders purchased 115,486 call options on the company. This represents an increase of approximately 109% compared to the average volume of 55,226 call options.
The company also recently announced a special dividend, which is scheduled for Friday, March 28th. Stockholders of record on Tuesday, March 18th will be paid a dividend of 0.30 per share. The ex-dividend date is Friday, March 14th.
A number of analysts have recently weighed in on GM shares. Analysts at TheStreet reiterated a “buy” rating on shares of General Motors in a research note to investors on Friday, January 31st. On the ratings front, analysts at UBS AG downgraded shares of General Motors from a “hold” rating to a “sell” rating in a research note to investors on Friday, January 24th. They now have a $28,000.00 price target on the stock, up previously from $7,500.00. Finally, analysts at Morgan Stanley reiterated an “overweight” rating on shares of General Motors in a research note to investors on Friday, January 24th. They now have a $49.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. General Motors currently has an average rating of “Buy” and an average target price of $2,043.29.
General Motors Corporation (NYSE:GM) designs, build and sell cars, trucks and automobiles parts globally.
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