Ford Motor Company (NYSE:F) Updates FY17 Earnings Guidance
Ford Motor Company (NYSE:F) updated its FY17 earnings guidance on Wednesday. The company provided EPS guidance of $1.65-1.85 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.51.
A number of equities analysts have recently weighed in on the company. Tigress Financial restated a buy rating on shares of Ford Motor in a research note on Thursday, March 30th. Zacks Investment Research lowered Ford Motor from a hold rating to a strong sell rating in a research report on Wednesday, March 29th. Vetr lowered Ford Motor from a strong-buy rating to a buy rating and set a $12.78 target price for the company. in a research report on Tuesday, July 4th. BidaskClub raised Ford Motor from a sell rating to a hold rating in a research report on Wednesday, July 5th. Finally, Nomura reaffirmed a buy rating and issued a $14.80 target price on shares of Ford Motor in a research report on Tuesday, May 2nd. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $13.43.
Shares of Ford Motor Company (NYSE:F) traded down 2.174% during mid-day trading on Wednesday, reaching $11.025. The company had a trading volume of 19,592,259 shares. The stock has a market capitalization of $43.90 billion, a P/E ratio of 11.741 and a beta of 1.11. The firm’s 50 day moving average is $11.31 and its 200-day moving average is $11.74. Ford Motor Company has a 12-month low of $10.67 and a 12-month high of $13.99. Ford Motor also was the target of unusually large options trading activity on Monday. Traders 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.
Ford Motor (NYSE:F) last released its quarterly earnings data on Wednesday, July 26th. The auto manufacturer reported $0.56 EPS for the quarter, topping the consensus estimate of $0.43 by $0.13. The business had revenue of $36.93 billion for the quarter, compared to analyst estimates of $37.22 billion. Ford Motor had a net margin of 2.48% and a return on equity of 19.36%. The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.52 EPS. On average, analysts expect that Ford Motor Company will post $1.51 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, July 24th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.32%. The ex-dividend date of this dividend is Thursday, July 20th. Ford Motor’s dividend payout ratio is currently 64.52%.
In other Ford Motor news, insider James D. Farley, Jr. sold 25,000 shares of the stock in a transaction that occurred 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 sale, the insider now owns 428,411 shares of the company’s stock, valued at $4,781,066.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.08% of the stock is currently owned by corporate insiders.
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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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