General Motors (GM) Issues FY18 Earnings Guidance

General Motors (NYSE:GM) (TSE:GMM.U) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided EPS guidance of $5.80-6.20 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.88.

Shares of General Motors stock traded down $0.12 during mid-day trading on Thursday, hitting $36.47. The stock had a trading volume of 14,665,950 shares, compared to its average volume of 12,614,764. General Motors has a 12-month low of $30.56 and a 12-month high of $45.52. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.88 and a quick ratio of 0.74. The stock has a market cap of $47.32 billion, a price-to-earnings ratio of 5.51, a price-to-earnings-growth ratio of 0.69 and a beta of 1.55.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Wednesday, October 31st. The auto manufacturer reported $1.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.62. The firm had revenue of $35.79 billion during the quarter, compared to analysts’ expectations of $34.85 billion. General Motors had a negative net margin of 3.26% and a positive return on equity of 23.39%. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the company posted $1.32 EPS. Equities analysts expect that General Motors will post 5.92 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 20th. Investors of record on Friday, December 7th will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, December 6th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.17%. General Motors’s payout ratio is currently 22.96%.

A number of equities analysts recently weighed in on GM shares. Royal Bank of Canada increased their price objective on shares of General Motors from $52.00 to $53.00 and gave the stock an outperform rating in a research report on Tuesday, July 10th. Guggenheim reaffirmed a buy rating and set a $52.00 price objective on shares of General Motors in a research report on Friday, July 20th. Piper Jaffray Companies set a $51.00 price objective on shares of General Motors and gave the stock a buy rating in a research report on Wednesday, July 25th. Citigroup lowered their price objective on shares of General Motors to $60.00 and set a buy rating for the company in a research report on Thursday, July 26th. Finally, Buckingham Research lowered their price objective on shares of General Motors from $39.00 to $37.00 and set a neutral rating for the company in a research report on Thursday, July 26th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company. The stock has an average rating of Buy and a consensus target price of $46.64.

About General Motors

General Motors Company, together with its subsidiaries, designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.

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

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