$0.31 Earnings Per Share Expected for Ford Motor Company (F) This Quarter
Equities research analysts expect Ford Motor Company (NYSE:F) to announce earnings of $0.31 per share for the current quarter, according to Zacks. Four analysts have issued estimates for Ford Motor’s earnings, with the lowest EPS estimate coming in at $0.21 and the highest estimate coming in at $0.38. Ford Motor posted earnings per share of $0.26 in the same quarter last year, which suggests a positive year over year growth rate of 19.2%. The company is scheduled to report its next earnings report before the market opens on Thursday, October 26th.
According to Zacks, analysts expect that Ford Motor will report full year earnings of $1.71 per share for the current year, with EPS estimates ranging from $1.54 to $1.81. For the next financial year, analysts expect that the company will report earnings of $1.50 per share, with EPS estimates ranging from $0.94 to $1.71. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Ford Motor.
Ford Motor (NYSE:F) last released its earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.13. Ford Motor had a net margin of 2.52% and a return on equity of 19.69%. The firm had revenue of $36.93 billion for the quarter, compared to analyst estimates of $37.22 billion. During the same period in the prior year, the firm earned $0.52 earnings per share. The business’s quarterly revenue was down .5% compared to the same quarter last year.
Several research firms have issued reports on F. BidaskClub downgraded Ford Motor from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. ValuEngine downgraded Ford Motor from a “buy” rating to a “hold” rating in a report on Saturday, June 17th. Piper Jaffray Companies restated a “buy” rating and set a $14.00 price objective on shares of Ford Motor in a report on Friday, July 28th. Vetr downgraded Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.54 price objective on the stock. in a report on Monday, September 4th. Finally, Bank of America Corporation restated a “buy” rating and set a $12.50 price objective (down from $14.00) on shares of Ford Motor in a report on Friday, June 16th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $12.51.
In other news, insider James D. Farley, Jr. sold 25,000 shares of the company’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $11.40, for a total value of $285,000.00. Following the completion of the sale, the insider now owns 403,411 shares in the company, valued at $4,598,885.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP John T. Lawler sold 80,624 shares of the company’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $11.00, for a total value of $886,864.00. Following the completion of the sale, the vice president now owns 10 shares of the company’s stock, valued at approximately $110. The disclosure for this sale can be found here. Insiders have sold a total of 170,624 shares of company stock valued at $1,912,964 in the last quarter. 1.08% of the stock is currently owned by insiders.
Several institutional investors have recently made changes to their positions in F. Balentine LLC raised its position in shares of Ford Motor by 2.6% during the first quarter. Balentine LLC now owns 9,097 shares of the auto manufacturer’s stock worth $106,000 after purchasing an additional 231 shares during the period. Captrust Financial Advisors acquired a new stake in shares of Ford Motor during the second quarter worth $106,000. Archford Capital Strategies LLC raised its position in shares of Ford Motor by 7.8% during the first quarter. Archford Capital Strategies LLC now owns 9,361 shares of the auto manufacturer’s stock worth $109,000 after purchasing an additional 676 shares during the period. Reilly Financial Advisors LLC raised its position in shares of Ford Motor by 1.5% during the second quarter. Reilly Financial Advisors LLC now owns 9,856 shares of the auto manufacturer’s stock worth $110,000 after purchasing an additional 150 shares during the period. Finally, Kelman Lazarov Inc. acquired a new stake in shares of Ford Motor during the second quarter worth $116,000. Institutional investors and hedge funds own 54.34% of the company’s stock.
Ford Motor (F) traded up 0.52% during mid-day trading on Friday, hitting $11.62. 30,865,470 shares of the company were exchanged. The stock has a market cap of $46.15 billion, a price-to-earnings ratio of 12.23 and a beta of 1.12. The firm has a 50 day moving average price of $11.03 and a 200 day moving average price of $11.35. Ford Motor has a 12 month low of $10.47 and a 12 month high of $13.27.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Monday, July 24th were given a dividend of $0.15 per share. The ex-dividend date was Thursday, July 20th. This represents a $0.60 dividend on an annualized basis and a yield of 5.16%. Ford Motor’s dividend payout ratio is currently 63.16%.
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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