Brokerages Anticipate Ford Motor Company (F) Will Announce Quarterly Sales of $33.20 Billion
Equities analysts expect Ford Motor Company (NYSE:F) to announce sales of $33.20 billion for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Ford Motor’s earnings, with the lowest sales estimate coming in at $31.81 billion and the highest estimate coming in at $34.44 billion. Ford Motor reported sales of $33.33 billion in the same quarter last year, which indicates a negative year-over-year growth rate of 0.4%. The business is expected 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 sales of $33.20 billion for the current fiscal year, with estimates ranging from $141.68 billion to $152.21 billion. For the next fiscal year, analysts expect that the company will post sales of $145.46 billion per share, with estimates ranging from $141.89 billion to $148.93 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover 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 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 analysts’ expectations of $37.22 billion. During the same period in the previous year, the business earned $0.52 earnings per share. Ford Motor’s revenue for the quarter was down .5% compared to the same quarter last year.
Several brokerages have recently issued reports on F. Vetr lowered Ford Motor from a “buy” rating to a “hold” rating and set a $12.60 price target on the stock. in a research note on Friday. Berenberg Bank set a $10.00 price target on Ford Motor and gave the company a “sell” rating in a research note on Monday, June 12th. Guggenheim began coverage on Ford Motor in a research note on Wednesday, June 21st. They set a “neutral” rating and a $13.00 price target on the stock. ValuEngine lowered Ford Motor from a “buy” rating to a “hold” rating in a research note on Saturday, June 17th. Finally, Buckingham Research reaffirmed a “hold” rating and set a $11.00 price target on shares of Ford Motor in a research note on Thursday, August 24th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $12.46.
In related news, VP John T. Lawler sold 80,624 shares of the stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $11.00, for a total transaction of $886,864.00. Following the completion of the transaction, the vice president now directly owns 10 shares in the company, valued at $110. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Steven R. Armstrong sold 22,076 shares of the stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $12.37, for a total value of $273,080.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 217,700 shares of company stock valued at $2,486,044. 1.08% of the stock is owned by corporate insiders.
Several large investors have recently bought and sold shares of F. Balentine LLC grew its holdings 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 buying an additional 231 shares in the last quarter. Captrust Financial Advisors bought a new position in shares of Ford Motor during the second quarter worth about $106,000. Archford Capital Strategies LLC grew its holdings 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 buying an additional 676 shares in the last quarter. Reilly Financial Advisors LLC grew its holdings 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 buying an additional 150 shares in the last quarter. Finally, Kelman Lazarov Inc. bought a new position in shares of Ford Motor during the second quarter worth about $116,000. Institutional investors and hedge funds own 54.35% of the company’s stock.
COPYRIGHT VIOLATION WARNING: “Brokerages Anticipate Ford Motor Company (F) Will Announce Quarterly Sales of $33.20 Billion” was first posted by American Banking News and is owned by of American Banking News. If you are reading this news story on another website, it was illegally copied and reposted in violation of international copyright & trademark laws. The original version of this news story can be read at https://www.americanbankingnews.com/2017/10/06/brokerages-anticipate-ford-motor-company-f-will-announce-quarterly-sales-of-33-20-billion.html.
Shares of Ford Motor (NYSE F) opened at 12.25 on Friday. Ford Motor has a 12 month low of $10.47 and a 12 month high of $13.27. The company has a market capitalization of $48.65 billion, a PE ratio of 12.89 and a beta of 1.12. The firm has a 50-day moving average of $11.44 and a 200 day moving average of $11.29. Ford Motor also was the target of some unusual options trading on Wednesday. Stock investors purchased 49,559 call options on the stock. This is an increase of approximately 160% compared to the average volume of 19,065 call options.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Ford Motor Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ford Motor Company and related companies with MarketBeat.com's FREE daily email newsletter.