$38.00 Billion in Sales Expected for Ford Motor Company (NYSE:F) This Quarter
Equities research analysts expect Ford Motor Company (NYSE:F) to report $38.00 billion in sales for the current quarter, Zacks reports. Five analysts have provided estimates for Ford Motor’s earnings. The lowest sales estimate is $36.94 billion and the highest is $39.79 billion. Ford Motor posted sales of $36.93 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 2.9%. The business is scheduled to issue its next earnings results before the market opens on Wednesday, July 26th.
According to Zacks, analysts expect that Ford Motor will report full-year sales of $38.00 billion for the current financial year, with estimates ranging from $141.14 billion to $149.87 billion. For the next year, analysts expect that the company will report sales of $143.01 billion per share, with estimates ranging from $134.02 billion to $148.93 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Ford Motor.
Ford Motor (NYSE:F) last announced its quarterly earnings results on Thursday, April 27th. The auto manufacturer reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.05. The business had revenue of $36.48 billion during the quarter, compared to analysts’ expectations of $34.62 billion. Ford Motor had a net margin of 2.48% and a return on equity of 19.36%. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.68 EPS.
A number of research analysts have weighed in on the stock. ValuEngine cut shares of Ford Motor from a “buy” rating to a “hold” rating in a research report on Saturday, June 17th. Bank of America Corporation restated a “buy” rating and issued a $12.50 price target (down from $14.00) on shares of Ford Motor in a report on Friday, June 16th. Zacks Investment Research cut shares of Ford Motor from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 29th. Vetr upgraded shares of Ford Motor from a “buy” rating to a “strong-buy” rating and set a $12.60 price target on the stock in a report on Thursday, July 6th. Finally, Wolfe Research initiated coverage on shares of Ford Motor in a report on Tuesday, June 13th. They issued a “market perform” rating on the stock. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average 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 stock was sold at an average price of $11.16, for a total value of $279,000.00. Following the transaction, the insider now owns 428,411 shares in the company, valued at approximately $4,781,066.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.08% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Ford Motor by 2.3% in the first quarter. Vanguard Group Inc. now owns 261,930,050 shares of the auto manufacturer’s stock worth $3,048,866,000 after buying an additional 6,013,577 shares during the last quarter. BlackRock Inc. increased its stake in shares of Ford Motor by 2,991.4% in the first quarter. BlackRock Inc. now owns 229,005,290 shares of the auto manufacturer’s stock worth $2,665,619,000 after buying an additional 221,597,419 shares during the last quarter. State Street Corp increased its stake in shares of Ford Motor by 2.5% in the first quarter. State Street Corp now owns 162,887,426 shares of the auto manufacturer’s stock worth $1,896,009,000 after buying an additional 3,999,705 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Ford Motor by 0.5% in the first quarter. Wellington Management Group LLP now owns 75,771,499 shares of the auto manufacturer’s stock worth $881,979,000 after buying an additional 391,692 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Ford Motor by 10.8% in the first quarter. Geode Capital Management LLC now owns 40,887,644 shares of the auto manufacturer’s stock worth $475,306,000 after buying an additional 3,978,850 shares during the last quarter. Institutional investors and hedge funds own 55.58% of the company’s stock.
Shares of Ford Motor (NYSE:F) opened at 11.53 on Friday. The stock has a market cap of $45.91 billion, a PE ratio of 12.28 and a beta of 1.11. The firm’s 50-day moving average is $11.31 and its 200 day moving average is $11.76. Ford Motor has a 12 month low of $10.67 and a 12 month high of $13.99. Ford Motor also was the target of some unusual options trading activity on Wednesday. Traders acquired 74,719 call options on the company. This represents an increase of approximately 425% compared to the average volume of 14,224 call options.
The company also recently disclosed 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 is Thursday, July 20th. This represents a $0.60 dividend on an annualized basis and a yield of 5.20%. Ford Motor’s payout ratio is currently 64.52%.
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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