Ford Motor Company (NYSE:F) issued its quarterly earnings results on Thursday, October 26th. The company reported C$0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.33 by C$0.10, Bloomberg Earnings reports. The business had revenue of C$33.65 billion for the quarter, compared to analysts’ expectations of C$32.80 billion. Ford Motor had a net margin of 2.91% and a return on equity of 21.62%. The company’s revenue was up .9% compared to the same quarter last year. During the same quarter last year, the company posted $0.26 EPS. Ford Motor updated its FY17 guidance to $1.75-1.85 EPS.
Shares of Ford Motor (NYSE F) traded down C$0.02 during midday trading on Friday, reaching C$12.01. 35,300,000 shares of the company were exchanged, compared to its average volume of 36,290,996. Ford Motor has a 12-month low of C$10.47 and a 12-month high of C$13.27. The stock has a market capitalization of $47,707.35, a P/E ratio of 7.15, a PEG ratio of 0.62 and a beta of 1.24. The company has a debt-to-equity ratio of 2.94, a current ratio of 1.19 and a quick ratio of 1.08.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, October 23rd will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.00%. The ex-dividend date of this dividend is Friday, October 20th. Ford Motor’s dividend payout ratio (DPR) is currently 54.55%.
In other Ford Motor news, insider Hau N. Thai-Tang sold 25,000 shares of the stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of C$11.50, for a total transaction of C$287,500.00. Following the transaction, the insider now directly owns 76,358 shares of the company’s stock, valued at C$878,117. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Steven R. Armstrong sold 22,076 shares of the stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of C$12.37, for a total transaction of C$273,080.12. The disclosure for this sale can be found here. Insiders have sold 137,076 shares of company stock worth $1,599,180 over the last three months. 1.08% of the stock is currently owned by insiders.
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Several analysts have recently commented on the stock. Buckingham Research restated a “hold” rating and set a $11.00 price objective on shares of Ford Motor in a research report on Thursday, August 24th. Zacks Investment Research upgraded shares of Ford Motor from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research report on Tuesday, October 31st. Royal Bank Of Canada restated a “buy” rating on shares of Ford Motor in a research report on Tuesday, August 15th. Instinet downgraded shares of Ford Motor from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $14.80 to $11.60 in a research report on Wednesday, August 9th. Finally, Nomura downgraded shares of Ford Motor to a “hold” rating in a report on Saturday, August 5th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of C$12.63.
Ford Motor Company Profile
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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