Wedbush Weighs in on General Motors’ Q2 Earnings (NYSE:GM)

General Motors (NYSE:GM) (TSE:GMM.U) – Investment analysts at Wedbush reduced their Q2 2026 EPS estimates for shares of General Motors in a research report issued to clients and investors on Thursday, May 1st. Wedbush analyst D. Ives now forecasts that the auto manufacturer will earn $2.95 per share for the quarter, down from their prior forecast of $3.11. Wedbush currently has a “Outperform” rating and a $55.00 target price on the stock. The consensus estimate for General Motors’ current full-year earnings is $11.44 per share. Wedbush also issued estimates for General Motors’ Q3 2026 earnings at $3.21 EPS.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, April 29th. The auto manufacturer reported $2.78 EPS for the quarter, beating the consensus estimate of $2.63 by $0.15. General Motors had a net margin of 3.21% and a return on equity of 15.29%. The business had revenue of $44.02 billion for the quarter, compared to analyst estimates of $42.64 billion. During the same period in the prior year, the business earned $2.62 earnings per share. The company’s quarterly revenue was up 2.3% on a year-over-year basis.

A number of other brokerages have also weighed in on GM. Wells Fargo & Company reiterated an “underweight” rating on shares of General Motors in a report on Monday, February 3rd. TD Cowen started coverage on shares of General Motors in a research report on Friday, March 7th. They issued a “buy” rating and a $105.00 target price for the company. Barclays lifted their price target on shares of General Motors from $40.00 to $45.00 and gave the company an “equal weight” rating in a report on Monday. JPMorgan Chase & Co. dropped their price objective on shares of General Motors from $64.00 to $53.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. Finally, The Goldman Sachs Group cut their target price on General Motors from $73.00 to $63.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $54.22.

General Motors Stock Performance

Shares of GM opened at $45.37 on Monday. The company’s 50 day simple moving average is $46.70 and its 200 day simple moving average is $50.22. General Motors has a 1 year low of $38.96 and a 1 year high of $61.24. The company has a market capitalization of $43.84 billion, a price-to-earnings ratio of 7.38, a PEG ratio of 0.67 and a beta of 1.36. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.98 and a current ratio of 1.13.

General Motors Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Friday, June 6th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, June 6th. This is a boost from General Motors’s previous quarterly dividend of $0.12. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.32%. General Motors’s payout ratio is currently 8.65%.

General Motors declared that its board has approved a stock buyback plan on Wednesday, February 26th that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the auto manufacturer to purchase up to 12.5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Institutional Investors Weigh In On General Motors

A number of hedge funds have recently made changes to their positions in GM. Golden State Wealth Management LLC acquired a new position in General Motors during the 4th quarter valued at about $25,000. Crews Bank & Trust bought a new position in General Motors in the fourth quarter valued at $26,000. Measured Risk Portfolios Inc. bought a new stake in General Motors during the fourth quarter worth about $27,000. Compass Planning Associates Inc bought a new position in shares of General Motors in the fourth quarter valued at $27,000. Finally, Whittier Trust Co. raised its holdings in shares of General Motors by 551.9% in the 4th quarter. Whittier Trust Co. now owns 502 shares of the auto manufacturer’s stock valued at $27,000 after purchasing an additional 425 shares during the period. Institutional investors and hedge funds own 92.67% of the company’s stock.

General Motors Company Profile

General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts; and provide software-enabled services and subscriptions worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brand names.