Analysts Expect Ford Motor Company (F) Will Post Quarterly Sales of $33.19 Billion
Wall Street brokerages expect that Ford Motor Company (NYSE:F) will report sales of $33.19 billion for the current quarter, Zacks reports. Four analysts have made estimates for Ford Motor’s earnings, with the highest sales estimate coming in at $34.44 billion and the lowest estimate coming in at $31.76 billion. Ford Motor reported sales of $33.33 billion in the same quarter last year, which would suggest a negative year over year growth rate of 0.4%. The company is expected to report its next earnings results on Thursday, October 26th.
On average, analysts expect that Ford Motor will report full year sales of $33.19 billion for the current year, with estimates ranging from $141.68 billion to $152.53 billion. For the next financial year, analysts forecast that the company will report sales of $145.59 billion per share, with estimates ranging from $142.17 billion to $148.93 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Ford Motor.
Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.13. The firm had revenue of $36.93 billion for the quarter, compared to analyst estimates of $37.22 billion. Ford Motor had a net margin of 2.52% and a return on equity of 19.69%. The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.52 EPS.
A number of research analysts have weighed in on the company. Royal Bank Of Canada restated a “buy” rating and issued a $14.00 price objective on shares of Ford Motor in a report on Friday, May 5th. Nomura lowered Ford Motor to a “hold” rating in a report on Saturday, August 5th. Berenberg Bank set a $10.00 price objective on Ford Motor and gave the company a “sell” rating in a report on Monday, June 12th. BidaskClub upgraded Ford Motor from a “strong sell” rating to a “sell” rating in a report on Saturday. Finally, Vetr upgraded Ford Motor from a “buy” rating to a “strong-buy” rating and set a $12.65 price objective on the stock in a report on Tuesday, July 25th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Ford Motor presently has a consensus rating of “Hold” and a consensus target price of $12.54.
In other news, VP John T. Lawler sold 80,624 shares of Ford Motor stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $11.00, for a total value of $886,864.00. Following the completion of the transaction, the vice president now owns 10 shares in the company, valued at approximately $110. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider James D. Farley, Jr. sold 25,000 shares of Ford Motor 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 completion of the transaction, the insider now owns 428,411 shares of the company’s stock, valued at approximately $4,781,066.76. The disclosure for this sale can be found here. Company insiders own 1.08% of the company’s stock.
Several institutional investors have recently made changes to their positions in the stock. Balentine LLC boosted its position in shares of Ford Motor by 2.6% in the first quarter. Balentine LLC now owns 9,097 shares of the auto manufacturer’s stock valued at $106,000 after buying an additional 231 shares during the last quarter. Captrust Financial Advisors bought a new position in shares of Ford Motor during the second quarter valued at about $106,000. Archford Capital Strategies LLC boosted its position in shares of Ford Motor by 7.8% in the first quarter. Archford Capital Strategies LLC now owns 9,361 shares of the auto manufacturer’s stock valued at $109,000 after buying an additional 676 shares during the last quarter. Reilly Financial Advisors LLC boosted its position in shares of Ford Motor by 1.5% in the second quarter. Reilly Financial Advisors LLC now owns 9,856 shares of the auto manufacturer’s stock valued at $110,000 after buying an additional 150 shares during the last quarter. Finally, Kelman Lazarov Inc. bought a new position in shares of Ford Motor during the second quarter valued at about $116,000. Institutional investors and hedge funds own 54.33% of the company’s stock.
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Ford Motor (F) opened at 10.84 on Wednesday. Ford Motor has a one year low of $10.47 and a one year high of $13.27. The stock has a 50 day moving average of $11.10 and a 200-day moving average of $11.47. The company has a market cap of $43.05 billion, a price-to-earnings ratio of 11.41 and a beta of 1.11.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, July 24th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.54%. The ex-dividend date is Thursday, July 20th. Ford Motor’s dividend payout ratio (DPR) is 63.16%.
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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