Zacks: Brokerages Anticipate Ford Motor Company (F) to Announce $0.45 EPS
Analysts forecast that Ford Motor Company (NYSE:F) will post earnings per share (EPS) of $0.45 for the current quarter, Zacks reports. Five analysts have made estimates for Ford Motor’s earnings. The lowest EPS estimate is $0.38 and the highest is $0.51. Ford Motor posted earnings per share of $0.52 during the same quarter last year, which would indicate a negative year over year growth rate of 13.5%. The company is scheduled to announce its next quarterly earnings report before the market opens on Wednesday, July 26th.
On average, analysts expect that Ford Motor will report full-year earnings of $1.56 per share for the current financial year, with EPS estimates ranging from $1.43 to $1.63. For the next financial year, analysts forecast that the business will report earnings of $1.55 per share, with EPS estimates ranging from $0.95 to $1.82. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Ford Motor.
Ford Motor (NYSE:F) last released its quarterly earnings results on Thursday, April 27th. The auto manufacturer reported $0.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.05. Ford Motor had a return on equity of 19.36% and a net margin of 2.48%. The business had revenue of $36.48 billion for the quarter, compared to the consensus estimate of $34.62 billion. During the same quarter last year, the business posted $0.68 earnings per share. The company’s revenue for the quarter was up 3.5% on a year-over-year basis.
F has been the topic of several research analyst reports. Nomura reiterated a “buy” rating and issued a $14.80 price target on shares of Ford Motor in a research note on Tuesday, May 2nd. Zacks Investment Research cut shares of Ford Motor from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 29th. Royal Bank Of Canada restated a “buy” rating and set a $14.00 target price on shares of Ford Motor in a research report on Friday, May 5th. ValuEngine cut shares of Ford Motor from a “buy” rating to a “hold” rating in a research report on Saturday, June 17th. Finally, Wolfe Research initiated coverage on shares of Ford Motor in a research report on Tuesday, June 13th. They set a “market perform” rating on the stock. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $13.43.
In other Ford Motor news, insider James D. Farley, Jr. sold 25,000 shares of the firm’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $11.16, for a total value of $279,000.00. Following the completion of the transaction, the insider now owns 428,411 shares of the company’s stock, valued at $4,781,066.76. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.08% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Court Place Advisors LLC boosted its position in shares of Ford Motor by 10.6% in the second quarter. Court Place Advisors LLC now owns 38,709 shares of the auto manufacturer’s stock valued at $433,000 after buying an additional 3,710 shares during the period. Doyle Wealth Management boosted its position in shares of Ford Motor by 13.3% in the second quarter. Doyle Wealth Management now owns 28,726 shares of the auto manufacturer’s stock valued at $321,000 after buying an additional 3,364 shares during the period. Private Capital Management Inc. boosted its position in shares of Ford Motor by 46.8% in the second quarter. Private Capital Management Inc. now owns 23,050 shares of the auto manufacturer’s stock valued at $258,000 after buying an additional 7,350 shares during the period. BB&T Corp boosted its position in shares of Ford Motor by 3.7% in the second quarter. BB&T Corp now owns 586,786 shares of the auto manufacturer’s stock valued at $6,566,000 after buying an additional 21,071 shares during the period. Finally, US Bancorp DE boosted its position in shares of Ford Motor by 8.1% in the second quarter. US Bancorp DE now owns 721,395 shares of the auto manufacturer’s stock valued at $8,072,000 after buying an additional 53,986 shares during the period. 55.58% of the stock is owned by institutional investors and hedge funds.
Ford Motor (NYSE:F) traded up 0.17% during midday trading on Thursday, reaching $11.70. The company’s stock had a trading volume of 30,315,108 shares. The firm has a 50 day moving average price of $11.31 and a 200 day moving average price of $11.76. Ford Motor has a one year low of $10.67 and a one year high of $13.99. The firm has a market cap of $46.59 billion, a P/E ratio of 12.46 and a beta of 1.11. Ford Motor also was the target of unusually large options trading activity on Wednesday. Investors bought 74,719 call options on the stock. This represents an increase of approximately 425% compared to the typical daily volume of 14,224 call options.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, July 24th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, July 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.13%. Ford Motor’s dividend payout ratio is currently 64.52%.
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About Ford Motor
Ford Motor Company is a global automotive and mobility company. The Company’s business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles. The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations.
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