General Motors Company (GM) to Release Quarterly Earnings on Thursday
General Motors Company (NYSE:GM) will issue its Q214 quarterly earnings data on Thursday, July 24th. Analysts expect the company to announce earnings of $0.95 per share and revenue of $40.63 billion for the quarter. Parties interested in registering for the company’s conference call can do so using this link.
General Motors Company (NYSE:GM) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.29 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.06 by $0.23. The company had revenue of $37.40 billion for the quarter, compared to the consensus estimate of $38.43 million. During the same quarter last year, the company posted $0.67 earnings per share. General Motors Company’s revenue was up 1.4% compared to the same quarter last year. On average, analysts expect General Motors Company to post $2.86 EPS for the current fiscal year and $4.60 EPS for the next fiscal year.
Shares of General Motors Company (NYSE:GM) opened at 37.76 on Wednesday. General Motors Company has a 52 week low of $31.70 and a 52 week high of $41.85. The stock’s 50-day moving average is $36.87 and its 200-day moving average is $35.91. The company has a market cap of $60.556 billion and a P/E ratio of 19.99.
A number of analysts have recently weighed in on GM shares. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of General Motors Company in a research note on Tuesday. They now have a $48.00 price target on the stock, up previously from $47.00. On the ratings front, analysts at Morgan Stanley reiterated an “underweight” rating on shares of General Motors Company in a research note on Thursday, June 26th. They now have a $33.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of General Motors Company in a research note on Friday, June 6th. They now have a $38.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. General Motors Company has a consensus rating of “Buy” and an average target price of $41.44.
General Motors Corporation (NYSE:GM) designs, build and sell cars, trucks and automobiles parts globally.
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