Ford Motor Company (F) to Post FY2018 Earnings of $1.71 Per Share, Jefferies Group Forecasts
Ford Motor Company (NYSE:F) – Jefferies Group lifted their FY2018 earnings per share estimates for shares of Ford Motor in a report released on Monday. Jefferies Group analyst P. Houchois now forecasts that the auto manufacturer will earn $1.71 per share for the year, up from their previous estimate of $1.63. Jefferies Group currently has a “Hold” rating and a $13.00 target price on the stock. Jefferies Group also issued estimates for Ford Motor’s FY2019 earnings at $1.77 EPS.
F has been the topic of several other reports. Vetr lowered Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.54 target price on the stock. in a report on Monday, September 4th. Berenberg Bank set a $10.00 target price on Ford Motor and gave the stock a “sell” rating in a report on Monday, August 14th. Barclays PLC lowered Ford Motor from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $12.12 to $14.00 in a report on Friday, October 13th. BidaskClub raised Ford Motor from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Finally, Standpoint Research raised Ford Motor from a “hold” rating to a “buy” rating in a research note on Wednesday, October 4th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $12.60.
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Ford Motor (F) traded up 1.364% on Tuesday, reaching $12.265. The company had a trading volume of 26,329,018 shares. Ford Motor has a 12 month low of $10.47 and a 12 month high of $13.27. The firm has a 50 day moving average price of $12.01 and a 200-day moving average price of $11.37. The stock has a market capitalization of $48.71 billion, a price-to-earnings ratio of 12.911 and a beta of 1.12.
Ford Motor (NYSE:F) last announced its earnings results on Thursday, October 26th. The auto manufacturer reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.10. The company had revenue of $33.65 billion for the quarter, compared to analyst estimates of $32.80 billion. Ford Motor had a return on equity of 21.62% and a net margin of 2.91%. Ford Motor’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.26 earnings per share.
Large investors have recently made changes to their positions in the company. Bridgewater Associates LP acquired a new stake in Ford Motor in the first quarter valued at $2,342,000. Mathes Company Inc. acquired a new stake in Ford Motor in the second quarter valued at $571,000. CWA Asset Management Group LLC acquired a new stake in Ford Motor in the first quarter valued at $122,000. AE Wealth Management LLC increased its holdings in Ford Motor by 37.5% in the first quarter. AE Wealth Management LLC now owns 170,943 shares of the auto manufacturer’s stock valued at $1,990,000 after purchasing an additional 46,598 shares during the period. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH increased its holdings in Ford Motor by 133.0% in the first quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 584,761 shares of the auto manufacturer’s stock valued at $6,805,000 after purchasing an additional 333,821 shares during the period. Institutional investors own 54.22% of the company’s stock.
In other Ford Motor news, insider Joseph R. Hinrichs sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $11.34, for a total transaction of $453,600.00. Following the completion of the transaction, the insider now directly owns 532,435 shares in the company, valued at $6,037,812.90. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP John T. Lawler sold 80,624 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $11.00, for a total transaction of $886,864.00. Following the transaction, the vice president now owns 10 shares of the company’s stock, valued at $110. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 217,700 shares of company stock valued at $2,486,044. Company insiders own 1.08% of the company’s stock.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, October 23rd will be given a dividend of $0.15 per share. The ex-dividend date is Friday, October 20th. This represents a $0.60 annualized dividend and a yield of 4.96%. Ford Motor’s dividend payout ratio is currently 54.55%.
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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