Ford Motor Company (F) Issues Earnings Results, Beats Estimates By $0.13 EPS
Ford Motor Company (NYSE:F) posted its quarterly earnings data on Wednesday. The auto manufacturer reported $0.56 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.13, Morningstar.com reports. Ford Motor had a return on equity of 19.36% and a net margin of 2.48%. The company had revenue of $36.93 billion during the quarter, compared to analyst estimates of $37.22 billion. During the same quarter last year, the company earned $0.52 EPS. The firm’s revenue for the quarter was down .5% on a year-over-year basis. Ford Motor updated its FY17 guidance to $1.65-1.85 EPS.
Shares of Ford Motor (F) traded down 2.13% during midday trading on Wednesday, hitting $11.03. The stock had a trading volume of 61,944,379 shares. Ford Motor has a 52-week low of $10.67 and a 52-week high of $13.99. The stock has a market cap of $43.92 billion, a PE ratio of 11.75 and a beta of 1.11. The firm has a 50 day moving average price of $11.31 and a 200-day moving average price of $11.74. Ford Motor also was the recipient of some unusual options trading activity on Monday. Stock investors acquired 17,842 put options on the company. This is an increase of 122% compared to the typical daily volume of 8,031 put options.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders 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 annualized dividend and a dividend yield of 5.32%. Ford Motor’s dividend payout ratio (DPR) is 64.52%.
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In related news, insider James D. Farley, Jr. sold 25,000 shares of the firm’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $11.16, for a total value of $279,000.00. Following the transaction, the insider now directly owns 428,411 shares of the company’s stock, valued at approximately $4,781,066.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.08% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of F. Argent Trust Co raised its position in shares of Ford Motor by 0.3% in the first quarter. Argent Trust Co now owns 11,226 shares of the auto manufacturer’s stock worth $131,000 after buying an additional 30 shares in the last quarter. FNY Managed Accounts LLC raised its position in shares of Ford Motor by 0.3% in the first quarter. FNY Managed Accounts LLC now owns 10,339 shares of the auto manufacturer’s stock worth $120,000 after buying an additional 34 shares in the last quarter. Berson & Corrado Investment Advisors LLC raised its position in shares of Ford Motor by 0.5% in the second quarter. Berson & Corrado Investment Advisors LLC now owns 14,270 shares of the auto manufacturer’s stock worth $160,000 after buying an additional 70 shares in the last quarter. Camarda Financial Advisors LLC raised its position in shares of Ford Motor by 0.8% in the second quarter. Camarda Financial Advisors LLC now owns 11,042 shares of the auto manufacturer’s stock worth $124,000 after buying an additional 93 shares in the last quarter. Finally, Guardian Life Insurance Co. of America raised its position in shares of Ford Motor by 0.8% in the first quarter. Guardian Life Insurance Co. of America now owns 15,078 shares of the auto manufacturer’s stock worth $176,000 after buying an additional 123 shares in the last quarter. 55.50% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms recently weighed in on F. Vetr raised Ford Motor from a “buy” rating to a “strong-buy” rating and set a $12.65 price objective for the company in a research report on Tuesday. Zacks Investment Research lowered Ford Motor from a “hold” rating to a “strong sell” rating in a research report on Monday, July 10th. BidaskClub raised Ford Motor from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Deutsche Bank AG reissued a “hold” rating and issued a $14.00 target price on shares of Ford Motor in a report on Friday, June 30th. Finally, Guggenheim assumed coverage on Ford Motor in a report on Wednesday, June 21st. They issued a “neutral” rating and a $13.00 target price for the company. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Ford Motor currently has a consensus rating of “Hold” and an average price target of $13.43.
Ford Motor Company Profile
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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