Ford Motor (F) Expected to Announce Quarterly Sales of $37.15 Billion

Analysts expect that Ford Motor (NYSE:F) will announce sales of $37.15 billion for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Ford Motor’s earnings, with the lowest sales estimate coming in at $36.76 billion and the highest estimate coming in at $37.80 billion. Ford Motor reported sales of $36.00 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 3.2%. The business is expected to report its next quarterly earnings report after the market closes on Wednesday, January 24th.

On average, analysts expect that Ford Motor will report full year sales of $37.15 billion for the current financial year, with estimates ranging from $142.72 billion to $145.26 billion. For the next year, analysts expect that the business will report sales of $143.43 billion per share, with estimates ranging from $138.51 billion to $148.89 billion. Zacks’ sales calculations are an average based on a survey of research firms that that provide coverage for Ford Motor.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Thursday, October 26th. The auto manufacturer reported $0.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.10. The business had revenue of $33.65 billion during 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 quarterly revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.26 EPS.

F has been the topic of several research reports. TheStreet upgraded Ford Motor from a “c+” rating to a “b-” rating in a research note on Thursday, October 5th. Piper Jaffray Companies set a $14.00 target price on Ford Motor and gave the company a “buy” rating in a research note on Monday, October 16th. Vetr upgraded Ford Motor from a “hold” rating to a “buy” rating and set a $13.24 target price on the stock in a research note on Friday, October 13th. Standpoint Research upgraded Ford Motor from a “hold” rating to a “buy” rating in a research note on Wednesday, October 4th. Finally, ValuEngine upgraded Ford Motor from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $12.66.

Shares of Ford Motor (NYSE F) opened at $12.02 on Tuesday. The company has a market capitalization of $47,750.00, a P/E ratio of 10.93, a price-to-earnings-growth ratio of 0.71 and a beta of 1.26. The company has a debt-to-equity ratio of 2.94, a current ratio of 1.19 and a quick ratio of 1.08. Ford Motor has a 12 month low of $10.47 and a 12 month high of $13.48.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Tuesday, January 30th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.99%. The ex-dividend date of this dividend is Monday, January 29th. Ford Motor’s dividend payout ratio is currently 54.55%.

In other news, insider Hau N. Thai-Tang sold 18,000 shares of the company’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $13.00, for a total transaction of $234,000.00. Following the sale, the insider now owns 14,358 shares in the company, valued at approximately $186,654. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Steven R. Armstrong sold 10,752 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $12.32, for a total value of $132,464.64. Following the sale, the insider now owns 101,159 shares in the company, valued at approximately $1,246,278.88. The disclosure for this sale can be found here. In the last quarter, insiders have sold 47,752 shares of company stock worth $603,965. Company insiders own 1.08% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. BlueMountain Capital Management LLC increased its holdings in shares of Ford Motor by 92.9% during the 2nd quarter. BlueMountain Capital Management LLC now owns 198,047 shares of the auto manufacturer’s stock worth $2,216,000 after acquiring an additional 95,361 shares during the last quarter. Pzena Investment Management LLC increased its holdings in shares of Ford Motor by 6.7% during the 3rd quarter. Pzena Investment Management LLC now owns 25,409,816 shares of the auto manufacturer’s stock worth $304,155,000 after acquiring an additional 1,597,098 shares during the last quarter. Advisors Capital Management LLC increased its holdings in shares of Ford Motor by 21.2% during the 3rd quarter. Advisors Capital Management LLC now owns 483,120 shares of the auto manufacturer’s stock worth $5,783,000 after acquiring an additional 84,375 shares during the last quarter. Chevy Chase Trust Holdings Inc. increased its holdings in shares of Ford Motor by 1.7% during the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 3,748,158 shares of the auto manufacturer’s stock worth $44,865,000 after acquiring an additional 64,036 shares during the last quarter. Finally, Strs Ohio increased its holdings in shares of Ford Motor by 3.8% during the 3rd quarter. Strs Ohio now owns 3,416,273 shares of the auto manufacturer’s stock worth $40,892,000 after acquiring an additional 125,660 shares during the last quarter. 54.08% of the stock is currently owned by institutional investors and hedge funds.

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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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