Ford Motor Company Forecasted to Earn FY2017 Earnings of $1.73 Per Share (F)
Ford Motor Company (NYSE:F) – Research analysts at Jefferies Group issued their FY2017 earnings per share (EPS) estimates for Ford Motor in a note issued to investors on Monday. Jefferies Group analyst P. Houchois anticipates that the auto manufacturer will post earnings of $1.73 per share for the year. 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 FY2020 earnings at $1.85 EPS.
Ford Motor (NYSE:F) last announced its quarterly earnings results on Thursday, October 26th. The auto manufacturer reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.10. The firm had revenue of $33.65 billion for the quarter, compared to the consensus estimate of $32.80 billion. Ford Motor had a return on equity of 21.62% and a net margin of 2.91%. The company’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the prior year, the company posted $0.26 earnings per share.
F has been the subject of a number of other research reports. Vetr cut Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.78 price target for the company. in a research report on Tuesday, July 4th. BidaskClub raised Ford Motor from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Zacks Investment Research cut Ford Motor from a “hold” rating to a “strong sell” rating in a research report on Monday, July 10th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $14.00 price target on shares of Ford Motor in a research report on Friday, July 28th. Finally, Nomura reaffirmed a “neutral” rating and set a $11.60 price target (down previously from $14.00) on shares of Ford Motor in a research report on Friday, August 4th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $12.63.
Shares of Ford Motor (NYSE F) opened at 12.365 on Wednesday. Ford Motor has a 52-week low of $10.47 and a 52-week high of $13.27. The company’s 50-day moving average price is $12.03 and its 200-day moving average price is $11.37. The stock has a market cap of $49.11 billion, a PE ratio of 13.016 and a beta of 1.12.
Large investors have recently added to or reduced their stakes in the business. Bridgewater Associates LP acquired a new position in Ford Motor during the first quarter worth $2,342,000. Mathes Company Inc. purchased a new stake in shares of Ford Motor during the second quarter worth $571,000. CWA Asset Management Group LLC purchased a new stake in shares of Ford Motor during the first quarter worth $122,000. AE Wealth Management LLC increased its position in shares of Ford Motor by 37.5% during the first quarter. AE Wealth Management LLC now owns 170,943 shares of the auto manufacturer’s stock worth $1,990,000 after acquiring an additional 46,598 shares during the period. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH increased its position in shares of Ford Motor by 133.0% during the first quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 584,761 shares of the auto manufacturer’s stock worth $6,805,000 after acquiring an additional 333,821 shares during the period. Institutional investors own 54.22% of the company’s stock.
In other Ford Motor news, VP John T. Lawler sold 80,624 shares of the company’s stock in a transaction 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 $110. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Steven R. Armstrong sold 22,076 shares of the company’s stock in a transaction on 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. Insiders sold 217,700 shares of company stock worth $2,486,044 over the last quarter. 1.08% of the stock is currently owned by insiders.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, October 23rd will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date is Friday, October 20th. Ford Motor’s dividend payout ratio is presently 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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