General Motors (GM) Posts Earnings Results, Beats Expectations By $0.31 EPS

General Motors (NYSE:GM) (TSE:GMM.U) released its quarterly earnings data on Tuesday. The auto manufacturer reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.31, Briefing.com reports. The firm had revenue of $34.48 billion during the quarter, compared to analyst estimates of $34.28 billion. General Motors had a return on equity of 20.95% and a net margin of 2.00%. The business’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.28 earnings per share.

Shares of General Motors (GM) traded up $1.46 during trading on Tuesday, hitting $41.00. The company had a trading volume of 8,011,911 shares, compared to its average volume of 12,922,577. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.79 and a current ratio of 0.94. The company has a market capitalization of $58,236.73, a P/E ratio of 21.02, a PEG ratio of 0.73 and a beta of 1.59. General Motors has a one year low of $31.92 and a one year high of $46.76.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.71%. General Motors’s dividend payout ratio is presently 77.95%.

A number of analysts have recently weighed in on GM shares. Vetr lowered General Motors from a “hold” rating to a “sell” rating and set a $40.10 price objective for the company. in a research note on Tuesday, December 26th. Zacks Investment Research lowered General Motors from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Barclays reissued a “buy” rating and set a $61.00 price objective on shares of General Motors in a research note on Tuesday, January 9th. Deutsche Bank reissued a “buy” rating on shares of General Motors in a research note on Friday, November 17th. Finally, Bank of America reissued a “buy” rating and set a $57.00 price objective on shares of General Motors in a research note on Tuesday, November 28th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. General Motors has a consensus rating of “Hold” and an average target price of $44.08.

In other General Motors news, insider Barry L. Engle II sold 50,443 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $45.00, for a total value of $2,269,935.00. Following the completion of the transaction, the insider now owns 57,091 shares in the company, valued at $2,569,095. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Stefan Jacoby sold 37,961 shares of the stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $42.87, for a total value of $1,627,388.07. Following the completion of the transaction, the executive vice president now owns 98,340 shares of the company’s stock, valued at approximately $4,215,835.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 168,847 shares of company stock valued at $7,363,108. 0.04% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the company. Swiss National Bank increased its holdings in shares of General Motors by 1.6% during the third quarter. Swiss National Bank now owns 5,006,857 shares of the auto manufacturer’s stock valued at $202,177,000 after acquiring an additional 81,000 shares in the last quarter. Alyeska Investment Group L.P. increased its holdings in shares of General Motors by 181.5% during the third quarter. Alyeska Investment Group L.P. now owns 1,809,371 shares of the auto manufacturer’s stock valued at $73,062,000 after acquiring an additional 1,166,696 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of General Motors by 2.3% during the third quarter. Dimensional Fund Advisors LP now owns 14,900,059 shares of the auto manufacturer’s stock valued at $601,683,000 after acquiring an additional 331,621 shares in the last quarter. Lehman Financial Resources Inc. increased its holdings in shares of General Motors by 6.4% during the third quarter. Lehman Financial Resources Inc. now owns 67,653 shares of the auto manufacturer’s stock valued at $2,731,000 after acquiring an additional 4,050 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new position in shares of General Motors during the third quarter valued at $701,000. Hedge funds and other institutional investors own 72.49% of the company’s stock.

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General Motors Company Profile

General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc (GM Financial). The Company provides automotive financing services through General Motors Financial Company, Inc The Company develops, manufactures and/or markets vehicles in North America under the brands, including Buick, Cadillac, Chevrolet and GMC.

Earnings History for General Motors (NYSE:GM)

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