Ford Motor Company (F) Releases FY17 Earnings Guidance
Ford Motor Company (NYSE:F) issued an update on its FY17 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $1.65-1.85 for the period, compared to the Thomson Reuters consensus estimate of $1.75.
Several equities analysts have commented on F shares. BidaskClub lowered shares of Ford Motor from a sell rating to a strong sell rating in a report on Thursday, August 10th. Vetr cut shares of Ford Motor from a buy rating to a hold rating and set a $12.34 target price for the company. in a research report on Wednesday, September 27th. ValuEngine raised shares of Ford Motor from a hold rating to a buy rating in a report on Monday. Nomura reaffirmed a neutral rating and set a $11.60 price target (down previously from $14.00) on shares of Ford Motor in a report on Friday, August 4th. Finally, Instinet lowered shares of Ford Motor from a buy rating to a neutral rating and reduced their price target for the stock from $14.80 to $11.60 in a research report on Wednesday, August 9th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. Ford Motor presently has an average rating of Hold and a consensus price target of $12.45.
Shares of Ford Motor Company (NYSE:F) traded down 0.32% on Wednesday, reaching $12.30. The company had a trading volume of 52,846,534 shares. The company’s 50-day moving average is $11.36 and its 200-day moving average is $11.27. The company has a market capitalization of $48.85 billion, a PE ratio of 12.95 and a beta of 1.12. Ford Motor Company has a one year low of $10.47 and a one year high of $13.27.
Ford Motor (NYSE:F) last posted its quarterly earnings data on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 business had revenue of $36.93 billion for the quarter, compared to the consensus estimate of $37.22 billion. During the same period last year, the firm posted $0.52 earnings per share. The company’s revenue was down .5% compared to the same quarter last year. Equities research analysts predict that Ford Motor Company will post $1.76 earnings per share for the current year.
In other news, insider Hau N. Thai-Tang sold 25,000 shares of Ford Motor stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $11.50, for a total value of $287,500.00. Following the sale, the insider now directly owns 76,358 shares of the company’s stock, valued at $878,117. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP John T. Lawler sold 80,624 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $11.00, for a total value of $886,864.00. Following the sale, the vice president now owns 10 shares of the company’s stock, valued at $110. The disclosure for this sale can be found here. Insiders sold a total of 195,624 shares of company stock worth $2,212,964 over the last ninety days. 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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