Analysts forecast that Ford Motor (NYSE:F) will announce $37.22 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Ford Motor’s earnings, with the lowest sales estimate coming in at $37.01 billion and the highest estimate coming in at $37.43 billion. Ford Motor posted sales of $36.48 billion during the same quarter last year, which would indicate a positive year over year growth rate of 2%. The business is scheduled to issue its next quarterly earnings report after the market closes on Wednesday, April 25th.
According to Zacks, analysts expect that Ford Motor will report full year sales of $147.78 billion for the current fiscal year, with estimates ranging from $146.00 billion to $150.11 billion. For the next year, analysts forecast that the company will post sales of $147.08 billion per share, with estimates ranging from $143.16 billion to $149.14 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Ford Motor.
Ford Motor (NYSE:F) last issued its earnings results on Wednesday, January 24th. The auto manufacturer reported $0.39 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.03). The company had revenue of $38.50 billion for the quarter, compared to analysts’ expectations of $36.96 billion. Ford Motor had a return on equity of 21.71% and a net margin of 4.85%. Ford Motor’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.30 earnings per share.
Several equities research analysts have commented on F shares. Vetr upgraded shares of Ford Motor from a “buy” rating to a “strong-buy” rating and set a $13.14 target price on the stock in a research report on Friday, January 26th. 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, December 26th. Morgan Stanley upgraded shares of Ford Motor from an “underweight” rating to an “overweight” rating and decreased their price objective for the stock from $10.78 to $10.00 in a research report on Wednesday, March 14th. They noted that the move was a valuation call. BMO Capital Markets reiterated a “hold” rating and issued a $11.00 price objective on shares of Ford Motor in a research report on Tuesday, March 6th. Finally, ValuEngine lowered shares of Ford Motor from a “buy” rating to a “hold” rating in a research report on Monday, February 5th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $12.42.
In other news, Director John C. Lechleiter bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was purchased at an average price of $10.28 per share, with a total value of $51,400.00. Following the purchase, the director now owns 30,000 shares of the company’s stock, valued at approximately $308,400. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman William Clay Ford, Jr. sold 454,260 shares of the business’s stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $10.32, for a total transaction of $4,687,963.20. The disclosure for this sale can be found here. Insiders own 0.95% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of F. Amundi Pioneer Asset Management Inc. increased its stake in shares of Ford Motor by 1,559.6% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 15,256,627 shares of the auto manufacturer’s stock valued at $190,556,000 after acquiring an additional 14,337,350 shares during the last quarter. Greenhaven Associates Inc. acquired a new position in shares of Ford Motor during the 4th quarter valued at about $164,194,000. Swedbank acquired a new position in shares of Ford Motor during the 4th quarter valued at about $100,670,000. Two Sigma Advisers LP increased its stake in shares of Ford Motor by 200.0% during the 4th quarter. Two Sigma Advisers LP now owns 8,084,231 shares of the auto manufacturer’s stock valued at $100,972,000 after acquiring an additional 5,389,300 shares during the last quarter. Finally, AXA increased its stake in shares of Ford Motor by 509.2% during the 4th quarter. AXA now owns 5,982,528 shares of the auto manufacturer’s stock valued at $74,722,000 after acquiring an additional 5,000,544 shares during the last quarter. 56.50% of the stock is owned by institutional investors.
Shares of NYSE F traded up $0.22 during trading on Wednesday, hitting $11.04. 31,935,057 shares of the company were exchanged, compared to its average volume of 48,599,855. The firm has a market capitalization of $42,991.66, a P/E ratio of 6.20, a PEG ratio of 0.65 and a beta of 1.05. Ford Motor has a 1 year low of $10.14 and a 1 year high of $13.48. The company has a debt-to-equity ratio of 2.94, a quick ratio of 1.12 and a current ratio of 1.23.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Friday, April 20th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.43%. The ex-dividend date is Thursday, April 19th. Ford Motor’s payout ratio is 33.71%.
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About Ford Motor
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles; and Lincoln luxury vehicles worldwide. Its Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to fleet customers, including commercial fleet customers, daily rental car companies, and governments.
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