Fiat Chrysler Automobiles N.V. (FCAU) Releases Earnings Results, Beats Estimates By $0.11 EPS
Fiat Chrysler Automobiles N.V. (NYSE:FCAU) issued its quarterly earnings results on Tuesday. The company reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.11, reports. The firm had revenue of $26.41 billion for the quarter, compared to the consensus estimate of $26.98 billion. Fiat Chrysler Automobiles N.V. had a net margin of 2.51% and a return on equity of 15.69%. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.47 EPS.
Shares of Fiat Chrysler Automobiles N.V. (NYSE FCAU) traded up 6.59% during mid-day trading on Tuesday, reaching $17.64. 5,893,022 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $17.19 and a 200 day moving average of $12.92. The firm has a market capitalization of $27.12 billion, a P/E ratio of 7.99 and a beta of 1.72. Fiat Chrysler Automobiles N.V. has a one year low of $6.41 and a one year high of $18.10.
An institutional investor recently bought a new position in Fiat Chrysler Automobiles N.V. stock. State Street Corp purchased a new position in Fiat Chrysler Automobiles N.V. (NYSE:FCAU) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 235,639 shares of the company’s stock, valued at approximately $2,505,000. 28.80% of the stock is currently owned by hedge funds and other institutional investors.
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FCAU has been the topic of a number of recent analyst reports. Morgan Stanley restated an “overweight” rating and issued a $14.00 price target on shares of Fiat Chrysler Automobiles N.V. in a research report on Monday, July 17th. Kepler Capital Markets upgraded shares of Fiat Chrysler Automobiles N.V. from a “hold” rating to a “buy” rating in a research note on Friday, July 28th. Zacks Investment Research lowered shares of Fiat Chrysler Automobiles N.V. from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Jefferies Group LLC lifted their price objective on shares of Fiat Chrysler Automobiles N.V. from $14.00 to $19.00 and gave the company a “buy” rating in a research note on Wednesday, August 23rd. Finally, Bank of America Corporation upgraded shares of Fiat Chrysler Automobiles N.V. from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $9.00 to $18.00 in a research note on Monday, August 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $15.70.
Fiat Chrysler Automobiles N.V. Company Profile
Fiat Chrysler Automobiles N.V., together with its subsidiaries, designs, engineers, manufactures, distributes, and sells vehicles, components, and production systems. The company operates through six segments: NAFTA, LATAM, APAC, EMEA, Maserati, and Components. It provides passenger cars, light trucks, and light commercial vehicles under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, and Ram brand names; and luxury vehicles under the Maserati brand, as well as related service parts and accessories, and service contracts under the Mopar brand.
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