Jefferies Group Comments on General Motors Company’s Q1 2017 Earnings (GM)
General Motors Company (NYSE:GM) (TSE:GMM.U) – Research analysts at Jefferies Group issued their Q1 2017 EPS estimates for General Motors Company in a research report issued to clients and investors on Tuesday. Jefferies Group analyst P. Houchois forecasts that the auto manufacturer will post earnings per share of $1.39 for the quarter. Jefferies Group has a “Hold” rating and a $36.00 price objective on the stock. Jefferies Group also issued estimates for General Motors Company’s FY2018 earnings at $5.77 EPS.
GM has been the subject of a number of other reports. Macquarie reissued an “outperform” rating and issued a $49.00 target price on shares of General Motors Company in a research report on Saturday, January 14th. Vetr raised General Motors Company from a “hold” rating to a “buy” rating and set a $36.53 target price for the company in a research report on Monday, January 2nd. Zacks Investment Research cut General Motors Company from a “hold” rating to a “sell” rating in a research report on Tuesday, January 10th. Berenberg Bank set a $31.00 target price on General Motors Company and gave the company a “sell” rating in a research report on Thursday, March 16th. Finally, Instinet upped their target price on General Motors Company from $33.00 to $34.00 and gave the company a “neutral” rating in a research report on Wednesday, December 21st. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $38.15.
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Shares of General Motors Company (NYSE:GM) opened at 33.79 on Thursday. The company’s 50-day moving average price is $35.46 and its 200-day moving average price is $34.97. General Motors Company has a 12 month low of $27.34 and a 12 month high of $38.55. The company has a market cap of $50.62 billion, a P/E ratio of 5.63 and a beta of 1.32.
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General Motors Company (NYSE:GM) last issued its quarterly earnings data on Tuesday, February 7th. The auto manufacturer reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.11. General Motors Company had a return on equity of 22.14% and a net margin of 5.69%. The company had revenue of $43.90 billion for the quarter, compared to the consensus estimate of $40.97 billion. During the same quarter last year, the company earned $1.39 earnings per share. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 24th. Investors of record on Friday, March 10th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 4.50%. The ex-dividend date of this dividend was Wednesday, March 8th. General Motors Company’s payout ratio is currently 25.33%.
In related news, insider Stefan Jacoby sold 2,670 shares of the firm’s stock in a transaction that occurred on Monday, April 10th. The stock was sold at an average price of $33.85, for a total value of $90,379.50. Following the completion of the transaction, the insider now directly owns 83,065 shares of the company’s stock, valued at approximately $2,811,750.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Karl-Thomas Neumann sold 32,458 shares of the firm’s stock in a transaction that occurred on Tuesday, February 14th. The shares were sold at an average price of $36.65, for a total value of $1,189,585.70. Following the completion of the transaction, the insider now directly owns 15,755 shares of the company’s stock, valued at $577,420.75. The disclosure for this sale can be found here. Insiders sold a total of 38,942 shares of company stock valued at $1,419,117 over the last ninety days. 0.04% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in GM. Round Table Services LLC purchased a new position in General Motors Company during the first quarter valued at $236,000. Ledyard National Bank increased its position in General Motors Company by 1,413.0% in the first quarter. Ledyard National Bank now owns 9,078 shares of the auto manufacturer’s stock valued at $321,000 after buying an additional 8,478 shares during the last quarter. Granite Investment Advisors LLC increased its position in General Motors Company by 13.5% in the first quarter. Granite Investment Advisors LLC now owns 333,395 shares of the auto manufacturer’s stock valued at $11,789,000 after buying an additional 39,598 shares during the last quarter. NewSquare Capital LLC increased its position in General Motors Company by 15.6% in the first quarter. NewSquare Capital LLC now owns 29,053 shares of the auto manufacturer’s stock valued at $1,027,000 after buying an additional 3,929 shares during the last quarter. Finally, DnB Asset Management AS increased its position in General Motors Company by 6.4% in the first quarter. DnB Asset Management AS now owns 144,016 shares of the auto manufacturer’s stock valued at $5,092,000 after buying an additional 8,700 shares during the last quarter. 71.57% of the stock is owned by hedge funds and other institutional investors.
General Motors Company Company Profile
General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc (GM Financial). The Company provides automotive financing services through General Motors Financial Company, Inc The Company develops, manufactures and/or markets vehicles in North America under the brands, including Buick, Cadillac, Chevrolet and GMC.
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