Research Analysts Offer Predictions for General Motors Co.’s Q3 2016 Earnings (GM)
General Motors Co. (NYSE:GM) – Stock analysts at Jefferies Group issued their Q3 2016 earnings per share (EPS) estimates for shares of General Motors in a research note issued on Friday. Jefferies Group analyst P. Houchois anticipates that the brokerage will post earnings per share of $1.27 for the quarter. Jefferies Group currently has a “Hold” rating on the stock. Jefferies Group also issued estimates for General Motors’ FY2017 earnings at $5.24 EPS.
General Motors (NYSE:GM) last released its quarterly earnings results on Thursday, July 21st. The auto manufacturer reported $1.86 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.51 by $0.35. General Motors had a net margin of 7.90% and a return on equity of 23.96%. The business had revenue of $42.40 billion for the quarter, compared to analysts’ expectations of $38.81 billion. During the same period in the prior year, the firm earned $1.29 earnings per share. General Motors’s revenue was up 11.0% compared to the same quarter last year.
Other analysts have also recently issued research reports about the stock. Royal Bank Of Canada raised their target price on shares of General Motors from $32.00 to $34.00 and gave the stock a “sector perform” rating in a research note on Friday, July 22nd. Seaport Global Securities began coverage on shares of General Motors in a research note on Tuesday, August 9th. They set a “buy” rating and a $42.00 target price for the company. Barclays PLC restated an “equal weight” rating and set a $36.00 target price on shares of General Motors in a research note on Thursday, August 11th. Citigroup Inc. restated a “buy” rating and set a $50.00 target price on shares of General Motors in a research note on Thursday, July 21st. Finally, Zacks Investment Research upgraded shares of General Motors from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research note on Wednesday, June 22nd. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and nine have assigned a buy rating to the company’s stock. General Motors has a consensus rating of “Hold” and a consensus target price of $36.67.
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Shares of General Motors (NYSE:GM) opened at 32.34 on Monday. General Motors has a 1-year low of $26.69 and a 1-year high of $36.88. The company has a market capitalization of $50.51 billion, a PE ratio of 4.14 and a beta of 1.65. The stock’s 50 day moving average is $31.75 and its 200 day moving average is $30.87.
Several hedge funds and other institutional investors have recently modified their holdings of GM. Vanguard Group Inc. increased its position in General Motors by 0.4% in the second quarter. Vanguard Group Inc. now owns 86,210,502 shares of the auto manufacturer’s stock worth $2,439,758,000 after buying an additional 332,564 shares during the last quarter. State Street Corp increased its position in General Motors by 0.6% in the first quarter. State Street Corp now owns 57,087,337 shares of the auto manufacturer’s stock worth $1,794,252,000 after buying an additional 351,497 shares during the last quarter. Capital World Investors increased its position in General Motors by 2.3% in the second quarter. Capital World Investors now owns 22,673,792 shares of the auto manufacturer’s stock worth $641,668,000 after buying an additional 505,600 shares during the last quarter. Janus Capital Management LLC increased its position in General Motors by 38.3% in the second quarter. Janus Capital Management LLC now owns 21,555,499 shares of the auto manufacturer’s stock worth $610,020,000 after buying an additional 5,969,449 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in General Motors by 3.2% in the second quarter. Dimensional Fund Advisors LP now owns 12,708,089 shares of the auto manufacturer’s stock worth $359,632,000 after buying an additional 395,933 shares during the last quarter. Hedge funds and other institutional investors own 70.40% of the company’s stock.
In other news, Director Jane L. Mendillo purchased 1,600 shares of the company’s stock in a transaction dated Tuesday, August 2nd. The shares were purchased at an average price of $31.01 per share, for a total transaction of $49,616.00. Following the transaction, the director now owns 1,600 shares of the company’s stock, valued at $49,616. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Thomas S. Timko sold 6,250 shares of the business’s stock in a transaction that occurred on Tuesday, August 23rd. The stock was sold at an average price of $31.94, for a total transaction of $199,625.00. Following the completion of the transaction, the vice president now owns 27,477 shares in the company, valued at approximately $877,615.38. The disclosure for this sale can be found here. 0.04% of the stock is currently owned by insiders.
The company also recently declared a quarterly dividend, which was paid on Friday, September 23rd. Stockholders of record on Friday, September 9th were given a $0.38 dividend. The ex-dividend date was Wednesday, September 7th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.70%. General Motors’s dividend payout ratio (DPR) is currently 19.46%.
General Motors Company Profile
General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company provides automotive financing services through General Motors Financial Company, Inc (GM Financial). The Company’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and GM Financial.
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