$33.19 Billion in Sales Expected for Ford Motor Company (F) This Quarter
Brokerages expect Ford Motor Company (NYSE:F) to post $33.19 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Ford Motor’s earnings. The highest sales estimate is $34.44 billion and the lowest is $31.76 billion. Ford Motor reported sales of $33.33 billion during the same quarter last year, which would suggest a negative year over year growth rate of 0.4%. The business is expected to announce its next quarterly earnings report before the market opens on Thursday, October 26th.
According to Zacks, analysts expect that Ford Motor will report full-year sales of $33.19 billion for the current financial year, with estimates ranging from $141.68 billion to $152.53 billion. For the next year, analysts expect that the company will post sales of $145.59 billion per share, with estimates ranging from $142.17 billion to $148.93 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow Ford Motor.
Ford Motor (NYSE:F) last posted its quarterly earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.13. The firm had revenue of $36.93 billion during the quarter, compared to analysts’ expectations of $37.22 billion. Ford Motor had a net margin of 2.52% and a return on equity of 19.69%. The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the prior year, the company posted $0.52 earnings per share.
F has been the subject of a number of research analyst reports. Jefferies Group LLC reissued a “hold” rating and issued a $12.00 target price on shares of Ford Motor in a research report on Monday, May 22nd. Deutsche Bank AG reissued a “hold” rating and issued a $14.00 target price on shares of Ford Motor in a research report on Wednesday, May 24th. Vetr cut shares of Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.45 target price for the company. in a research report on Wednesday, May 31st. Morgan Stanley boosted their target price on shares of Ford Motor from $9.00 to $10.00 and gave the company an “underweight” rating in a research report on Friday, June 9th. Finally, Wolfe Research assumed coverage on shares of Ford Motor in a research report on Tuesday, June 13th. They issued a “market perform” rating for the company. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $12.51.
Ford Motor (F) opened at 11.62 on Friday. Ford Motor has a 52 week low of $10.47 and a 52 week high of $13.27. The stock has a market capitalization of $46.15 billion, a PE ratio of 12.23 and a beta of 1.12. The stock’s 50 day moving average is $11.03 and its 200-day moving average is $11.35.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Monday, July 24th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.16%. The ex-dividend date was Thursday, July 20th. Ford Motor’s dividend payout ratio is currently 63.16%.
In other Ford Motor news, VP John T. Lawler sold 80,624 shares of the stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $11.00, for a total transaction of $886,864.00. Following the transaction, the vice president now directly owns 10 shares in the company, valued at approximately $110. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Joseph R. Hinrichs sold 40,000 shares of the stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $11.34, for a total value of $453,600.00. Following the transaction, the insider now owns 532,435 shares in the company, valued at $6,037,812.90. The disclosure for this sale can be found here. Insiders sold 170,624 shares of company stock worth $1,912,964 over the last quarter. 1.08% of the stock is currently owned by company insiders.
Several large investors have recently modified their holdings of F. Acadian Asset Management LLC raised its position in shares of Ford Motor by 130.3% during the first quarter. Acadian Asset Management LLC now owns 38,664 shares of the auto manufacturer’s stock worth $450,000 after purchasing an additional 21,879 shares during the period. Oregon Public Employees Retirement Fund raised its position in Ford Motor by 3.2% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 2,150,436 shares of the auto manufacturer’s stock valued at $25,031,000 after buying an additional 66,800 shares during the last quarter. Bridge Creek Capital Management LLC raised its position in Ford Motor by 2.7% in the 1st quarter. Bridge Creek Capital Management LLC now owns 228,760 shares of the auto manufacturer’s stock valued at $2,663,000 after buying an additional 6,050 shares during the last quarter. North Star Investment Management Corp. raised its position in Ford Motor by 12.2% in the 1st quarter. North Star Investment Management Corp. now owns 173,318 shares of the auto manufacturer’s stock valued at $2,017,000 after buying an additional 18,820 shares during the last quarter. Finally, BB&T Corp raised its position in Ford Motor by 2.6% in the 1st quarter. BB&T Corp now owns 565,715 shares of the auto manufacturer’s stock valued at $6,585,000 after buying an additional 14,117 shares during the last quarter. 54.34% of the stock is currently owned by institutional investors.
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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