Ford Motor (NYSE:F) – Research analysts at Jefferies Group increased their FY2017 EPS estimates for shares of Ford Motor in a report issued on Tuesday. Jefferies Group analyst P. Houchois now expects that the auto manufacturer will post earnings per share of $1.95 for the year, up from their prior estimate of $1.73. Jefferies Group currently has a “Hold” rating and a $13.00 target price on the stock.
A number of other analysts have also commented on F. Vetr lowered shares of Ford Motor from a “buy” rating to a “hold” rating and set a $12.34 price objective on the stock. in a research report on Wednesday, September 27th. ValuEngine raised shares of Ford Motor from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Standpoint Research raised shares of Ford Motor from a “hold” rating to a “buy” rating in a research report on Wednesday, October 4th. TheStreet raised shares of Ford Motor from a “c+” rating to a “b-” rating in a research report on Thursday, October 5th. Finally, FIG Partners reissued a “hold” rating on shares of Ford Motor in a research report on Monday, October 9th. Two equities 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’s stock. The company currently has a consensus rating of “Hold” and an average price target of $12.66.
Ford Motor (NYSE:F) last announced its quarterly earnings results on Thursday, October 26th. The auto manufacturer reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.10. Ford Motor had a net margin of 2.91% and a return on equity of 21.62%. The firm had revenue of $33.65 billion for the quarter, compared to analyst estimates of $32.80 billion. During the same quarter in the previous year, the firm posted $0.26 earnings per share. The business’s revenue was up .9% on a year-over-year basis.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Tuesday, January 30th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, January 29th. This represents a $0.60 dividend on an annualized basis and a yield of 5.02%. Ford Motor’s payout ratio is 54.55%.
In other Ford Motor news, insider Steven R. Armstrong sold 10,752 shares of the company’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $12.32, for a total value of $132,464.64. Following the transaction, the insider now directly owns 101,159 shares in the company, valued at $1,246,278.88. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Hau N. Thai-Tang sold 18,000 shares of the company’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $13.00, for a total transaction of $234,000.00. Following the completion of the transaction, the insider now owns 14,358 shares in the company, valued at $186,654. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 47,752 shares of company stock worth $603,965. 1.08% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in F. Captrust Financial Advisors bought a new stake in Ford Motor during the second quarter worth about $106,000. Balentine LLC lifted its position in Ford Motor by 4.0% during the second quarter. Balentine LLC now owns 9,462 shares of the auto manufacturer’s stock worth $106,000 after purchasing an additional 365 shares during the period. Winslow Evans & Crocker Inc. lifted its position in Ford Motor by 136.1% during the fourth quarter. Winslow Evans & Crocker Inc. now owns 8,500 shares of the auto manufacturer’s stock worth $106,000 after purchasing an additional 4,900 shares during the period. Godsey & Gibb Associates bought a new stake in Ford Motor during the second quarter worth about $117,000. Finally, Brighton Jones LLC lifted its position in Ford Motor by 40.3% during the third quarter. Brighton Jones LLC now owns 19,225 shares of the auto manufacturer’s stock worth $119,000 after purchasing an additional 5,518 shares during the period. Institutional investors and hedge funds own 54.08% of the company’s stock.
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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