General Motors (GM) Expected to Announce Earnings of $1.34 Per Share

Equities research analysts predict that General Motors (NYSE:GM) (TSE:GMM.U) will post $1.34 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for General Motors’ earnings, with the highest EPS estimate coming in at $1.52 and the lowest estimate coming in at $1.11. General Motors reported earnings per share of $1.28 in the same quarter last year, which indicates a positive year over year growth rate of 4.7%. The company is expected to issue its next earnings report before the market opens on Tuesday, February 6th.

On average, analysts expect that General Motors will report full-year earnings of $6.37 per share for the current financial year, with EPS estimates ranging from $6.27 to $6.45. For the next financial year, analysts anticipate that the firm will post earnings of $5.98 per share, with EPS estimates ranging from $5.38 to $6.35. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for General Motors.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Tuesday, February 6th. The auto manufacturer reported $1.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.34 by $0.31. The business 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 company’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.28 earnings per share.

A number of equities analysts recently commented on the stock. Royal Bank of Canada set a $52.00 price objective on shares of General Motors and gave the stock a “buy” rating in a research note on Tuesday. Vetr raised General Motors from a “sell” rating to a “hold” rating and set a $40.24 target price on the stock in a research report on Monday. Goldman Sachs Group set a $33.00 target price on General Motors and gave the company a “sell” rating in a research report on Tuesday. Piper Jaffray Companies set a $44.00 target price on General Motors and gave the company a “buy” rating in a research report on Monday, October 16th. Finally, Jefferies Group upped their target price on General Motors from $36.00 to $40.00 and gave the company a “hold” rating in a research report on Monday, October 30th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $44.08.

Shares of General Motors (NYSE GM) traded up $1.31 during trading hours on Friday, reaching $40.85. 10,157,898 shares of the company were exchanged, compared to its average volume of 12,941,072. The company has a market capitalization of $58,010.00, a P/E ratio of 8.86, a price-to-earnings-growth ratio of 0.73 and a beta of 1.59. General Motors has a 52 week low of $31.92 and a 52 week high of $46.76. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 1.54.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 3.72%. General Motors’s payout ratio is currently 32.90%.

In related news, insider Barry L. Engle II sold 50,443 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $45.00, for a total value of $2,269,935.00. Following the transaction, the insider now directly owns 57,091 shares of the company’s stock, valued at approximately $2,569,095. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Mark L. Reuss sold 30,000 shares of the firm’s stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $43.09, for a total transaction of $1,292,700.00. Following the completion of the transaction, the insider now directly owns 103,052 shares in the company, valued at $4,440,510.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 168,847 shares of company stock worth $7,363,108. Corporate insiders own 0.04% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Fieldpoint Private Securities LLC acquired a new stake in shares of General Motors during the 3rd quarter worth approximately $119,000. Cerebellum GP LLC acquired a new stake in shares of General Motors during the 4th quarter worth approximately $123,000. Stumpf Capital Management LLC acquired a new stake in shares of General Motors during the 4th quarter worth approximately $131,000. Hoertkorn Richard Charles acquired a new stake in shares of General Motors during the 4th quarter worth approximately $135,000. Finally, Fayez Sarofim & Co. acquired a new stake in shares of General Motors during the 3rd quarter worth approximately $202,000. 72.49% of the stock is currently owned by hedge funds and other institutional investors.

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About General Motors

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.

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Earnings History and Estimates for General Motors (NYSE:GM)

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