Equities research analysts expect General Motors (NYSE:GM) (TSE:GMM.U) to report $36.72 billion in sales for the current quarter, Zacks reports. Three analysts have provided estimates for General Motors’ earnings. The lowest sales estimate is $35.21 billion and the highest is $37.48 billion. General Motors posted sales of $37.72 billion during the same quarter last year, which suggests a negative year-over-year growth rate of 2.7%. The business is scheduled to issue its next earnings results on Tuesday, February 5th.
According to Zacks, analysts expect that General Motors will report full-year sales of $145.57 billion for the current financial year, with estimates ranging from $143.45 billion to $146.84 billion. For the next year, analysts expect that the company will report sales of $146.13 billion, with estimates ranging from $144.88 billion to $147.75 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow General Motors.
General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results on Wednesday, October 31st. The auto manufacturer reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.62. The business had revenue of $35.79 billion for the quarter, compared to the consensus estimate of $34.85 billion. General Motors had a return on equity of 25.81% and a net margin of 0.56%. The business’s revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the business posted $1.32 EPS.
Several analysts recently commented on GM shares. Zacks Investment Research upgraded General Motors from a “sell” rating to a “hold” rating in a research report on Tuesday, October 9th. Bank of America restated a “buy” rating and issued a $60.00 target price on shares of General Motors in a research report on Wednesday, September 12th. JPMorgan Chase & Co. lowered their target price on General Motors from $58.00 to $54.00 and set an “overweight” rating on the stock in a research report on Friday, July 27th. Jefferies Financial Group restated a “hold” rating and issued a $39.00 target price on shares of General Motors in a research report on Friday, July 27th. Finally, Buckingham Research lowered their target price on General Motors from $37.00 to $34.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 3rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $45.79.
Several hedge funds have recently modified their holdings of GM. TRUE Private Wealth Advisors acquired a new position in shares of General Motors during the 3rd quarter valued at $106,000. Qube Research & Technologies Ltd acquired a new position in shares of General Motors during the 2nd quarter valued at $115,000. MUFG Americas Holdings Corp acquired a new position in shares of General Motors during the 2nd quarter valued at $123,000. Patriot Financial Group Insurance Agency LLC increased its position in shares of General Motors by 365.4% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 3,672 shares of the auto manufacturer’s stock valued at $124,000 after purchasing an additional 2,883 shares during the period. Finally, Kaizen Advisory LLC increased its position in shares of General Motors by 163.6% during the 2nd quarter. Kaizen Advisory LLC now owns 3,298 shares of the auto manufacturer’s stock valued at $130,000 after purchasing an additional 2,047 shares during the period. Institutional investors own 73.61% of the company’s stock.
Shares of NYSE GM traded up $0.20 during mid-day trading on Thursday, hitting $35.75. The company had a trading volume of 11,680,708 shares, compared to its average volume of 14,763,398. The company has a market cap of $50.46 billion, a price-to-earnings ratio of 5.40, a price-to-earnings-growth ratio of 0.68 and a beta of 1.25. General Motors has a 12 month low of $30.56 and a 12 month high of $45.52. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 1.75.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 20th. Stockholders of record on Friday, December 7th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 4.25%. The ex-dividend date is Thursday, December 6th. General Motors’s dividend payout ratio (DPR) is presently 22.96%.
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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