$35.00 Billion in Sales Expected for Ford Motor (NYSE:F) This Quarter

Analysts expect Ford Motor (NYSE:F – Get Rating) to post sales of $35.00 billion for the current quarter, according to Zacks. Two analysts have made estimates for Ford Motor’s earnings, with the lowest sales estimate coming in at $34.25 billion and the highest estimate coming in at $35.75 billion. Ford Motor reported sales of $24.13 billion during the same quarter last year, which would suggest a positive year over year growth rate of 45%. The company is scheduled to announce its next earnings results on Monday, January 1st.

On average, analysts expect that Ford Motor will report full-year sales of $145.47 billion for the current year, with estimates ranging from $142.22 billion to $147.91 billion. For the next year, analysts forecast that the company will report sales of $154.20 billion, with estimates ranging from $150.84 billion to $159.13 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Ford Motor.

Ford Motor (NYSE:F – Get Rating) last issued its earnings results on Wednesday, April 27th. The auto manufacturer reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). The company had revenue of $32.11 billion for the quarter, compared to analysts’ expectations of $30.39 billion. Ford Motor had a net margin of 8.57% and a return on equity of 12.46%. During the same period in the prior year, the firm posted $0.89 earnings per share.

A number of analysts have recently issued reports on F shares. TheStreet lowered Ford Motor from a “b” rating to a “c+” rating in a research note on Wednesday, April 27th. Berenberg Bank began coverage on shares of Ford Motor in a research report on Tuesday. They set a “hold” rating and a $17.00 price target for the company. Zacks Investment Research raised Ford Motor from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research note on Wednesday, February 2nd. Jefferies Financial Group cut their price objective on Ford Motor from $20.00 to $18.00 and set a “hold” rating on the stock in a research report on Tuesday, March 15th. Finally, Morgan Stanley raised Ford Motor from an “underweight” rating to an “equal weight” rating and set a $13.00 price objective for the company in a research report on Friday. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Ford Motor has an average rating of “Hold” and a consensus target price of $18.59.

NYSE F traded up $1.06 during trading hours on Wednesday, reaching $13.50. The stock had a trading volume of 78,944,174 shares, compared to its average volume of 60,540,248. The stock has a market cap of $54.27 billion, a P/E ratio of 4.75, a price-to-earnings-growth ratio of 2.18 and a beta of 1.15. Ford Motor has a 52-week low of $11.62 and a 52-week high of $25.87. The stock has a fifty day moving average of $15.55 and a 200 day moving average of $18.36. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.01 and a current ratio of 1.17.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 1st. Investors of record on Tuesday, April 26th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.96%. The ex-dividend date is Monday, April 25th. Ford Motor’s dividend payout ratio (DPR) is presently 14.08%.

In related news, insider William Clay Ford, Jr. bought 267,697 shares of the firm’s stock in a transaction on Thursday, March 24th. The stock was acquired at an average cost of $16.81 per share, for a total transaction of $4,499,986.57. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Motor Co Ford sold 7,000,000 shares of the business’s stock in a transaction that occurred on Friday, May 13th. The shares were sold at an average price of $26.88, for a total transaction of $188,160,000.00. Following the sale, the insider now owns 86,947,494 shares of the company’s stock, valued at $2,337,148,638.72. The disclosure for this sale can be found here. 0.90% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Sound Income Strategies LLC raised its holdings in shares of Ford Motor by 2.5% during the 4th quarter. Sound Income Strategies LLC now owns 19,341 shares of the auto manufacturer’s stock worth $402,000 after acquiring an additional 464 shares in the last quarter. Detalus Advisors LLC grew its position in shares of Ford Motor by 3.6% in the 4th quarter. Detalus Advisors LLC now owns 14,490 shares of the auto manufacturer’s stock worth $301,000 after buying an additional 500 shares during the last quarter. Ridgecrest Wealth Partners LLC increased its position in Ford Motor by 2.5% during the 4th quarter. Ridgecrest Wealth Partners LLC now owns 20,600 shares of the auto manufacturer’s stock valued at $428,000 after buying an additional 500 shares in the last quarter. Acropolis Investment Management LLC raised its holdings in shares of Ford Motor by 5.0% in the fourth quarter. Acropolis Investment Management LLC now owns 10,784 shares of the auto manufacturer’s stock worth $224,000 after buying an additional 512 shares during the last quarter. Finally, 44 Wealth Management LLC increased its holdings in Ford Motor by 5.0% in the 4th quarter. 44 Wealth Management LLC now owns 10,933 shares of the auto manufacturer’s stock worth $227,000 after buying an additional 525 shares during the period. Institutional investors own 52.35% of the company’s stock.

About Ford Motor (Get Rating)

Ford Motor Company designs, manufactures, markets, and services a range of Ford trucks, cars, sport utility vehicles, electrified vehicles, and Lincoln luxury vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.

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