Equities analysts expect Ford Motor (NYSE:F) to report sales of $37.22 billion for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Ford Motor’s earnings, with estimates ranging from $37.01 billion to $37.43 billion. Ford Motor reported sales of $36.48 billion in the same quarter last year, which would suggest a positive year over year growth rate of 2%. The company is expected to issue its next earnings report on Thursday, April 26th.
On average, analysts expect that Ford Motor will report full-year sales of $37.22 billion for the current fiscal year, with estimates ranging from $146.00 billion to $150.11 billion. For the next financial year, analysts forecast that the firm will report sales of $147.08 billion per share, with estimates ranging from $143.16 billion to $149.14 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Ford Motor.
Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, January 24th. The auto manufacturer reported $0.39 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.03). The company had revenue of $38.50 billion during the quarter, compared to analyst estimates of $36.96 billion. Ford Motor had a net margin of 4.85% and a return on equity of 21.71%. Ford Motor’s revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.30 earnings per share.
F has been the subject of a number of research analyst reports. Zacks Investment Research raised Ford Motor from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a report on Tuesday, December 26th. Morgan Stanley reissued an “equal weight” rating on shares of Ford Motor in a report on Tuesday, November 28th. Vetr raised Ford Motor from a “buy” rating to a “strong-buy” rating and set a $13.14 price target for the company in a report on Friday, January 26th. Royal Bank of Canada reissued a “hold” rating and set a $14.00 price target on shares of Ford Motor in a report on Wednesday, December 20th. Finally, ValuEngine raised Ford Motor from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $12.42.
In other Ford Motor news, Chairman William Clay Ford, Jr. sold 454,260 shares of the company’s stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $10.32, for a total value of $4,687,963.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Ashwani Kumar Galhotra sold 31,415 shares of the company’s stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $10.34, for a total value of $324,831.10. The disclosure for this sale can be found here. Insiders sold a total of 503,675 shares of company stock worth $5,246,794 in the last quarter. Corporate insiders own 1.08% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Winslow Evans & Crocker Inc. boosted its position in shares of Ford Motor by 136.1% during the 4th quarter. Winslow Evans & Crocker Inc. now owns 8,500 shares of the auto manufacturer’s stock valued at $106,000 after purchasing an additional 4,900 shares in the last quarter. Brighton Jones LLC boosted its position in shares of Ford Motor by 40.3% during the 3rd quarter. Brighton Jones LLC now owns 19,225 shares of the auto manufacturer’s stock valued at $119,000 after purchasing an additional 5,518 shares in the last quarter. Wealthcare Advisory Partners LLC bought a new stake in shares of Ford Motor during the 3rd quarter valued at about $124,000. Certified Advisory Corp bought a new stake in shares of Ford Motor during the 4th quarter valued at about $124,000. Finally, Cedar Capital LLC bought a new stake in shares of Ford Motor during the 4th quarter valued at about $126,000. Hedge funds and other institutional investors own 56.57% of the company’s stock.
Shares of F stock traded down $0.02 during midday trading on Thursday, reaching $10.99. The company’s stock had a trading volume of 45,610,413 shares, compared to its average volume of 52,124,641. The firm has a market cap of $44,302.86, a PE ratio of 5.78, a PEG ratio of 0.68 and a beta of 1.12. The company has a debt-to-equity ratio of 2.94, a current ratio of 1.23 and a quick ratio of 1.12. Ford Motor has a 52-week low of $10.14 and a 52-week high of $13.48.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Tuesday, January 30th were given a dividend of $0.15 per share. The ex-dividend date was Monday, January 29th. This represents a $0.60 dividend on an annualized basis and a yield of 5.46%. Ford Motor’s dividend payout ratio is currently 31.58%.
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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