Zacks: Brokerages Anticipate Ford Motor (F) Will Post Earnings of $0.41 Per Share

Analysts expect Ford Motor (NYSE:F) to announce earnings of $0.41 per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Ford Motor’s earnings. The lowest EPS estimate is $0.37 and the highest is $0.49. Ford Motor posted earnings of $0.39 per share in the same quarter last year, which would suggest a positive year over year growth rate of 5.1%. The firm is expected to report its next earnings report after the market closes on Wednesday, April 25th.

On average, analysts expect that Ford Motor will report full-year earnings of $1.55 per share for the current financial year, with EPS estimates ranging from $1.44 to $1.66. For the next financial year, analysts expect that the firm will post earnings of $1.51 per share, with EPS estimates ranging from $1.25 to $1.73. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Ford Motor.

How to Become a New Pot Stock Millionaire

Ford Motor (NYSE:F) last issued its earnings results on Wednesday, January 24th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). The company had revenue of $38.50 billion during the quarter, compared to analyst estimates of $36.96 billion. Ford Motor had a net margin of 4.85% and a return on equity of 21.71%. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.30 EPS.

Several research firms recently weighed in on F. Morgan Stanley upgraded shares of Ford Motor from an “underweight” rating to an “overweight” rating and dropped their price objective for the stock from $10.78 to $10.00 in a research note on Wednesday, March 14th. They noted that the move was a valuation call. Vetr upgraded shares of Ford Motor from a “buy” rating to a “strong-buy” rating and set a $13.14 price objective on the stock in a research note on Friday, January 26th. Zacks Investment Research upgraded shares of Ford Motor from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Tuesday, January 9th. Royal Bank of Canada reiterated a “hold” rating and set a $14.00 price objective on shares of Ford Motor in a research note on Wednesday, December 20th. Finally, Nomura dropped their price objective on shares of Ford Motor to $11.00 and set a “neutral” rating on the stock in a research note on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $12.42.

In other news, Director John C. Lechleiter purchased 5,000 shares of Ford Motor stock in a transaction that occurred on Friday, February 9th. The stock was acquired at an average price of $10.28 per share, for a total transaction of $51,400.00. Following the transaction, the director now owns 30,000 shares in the company, valued at $308,400. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ashwani Kumar Galhotra sold 31,415 shares of the company’s stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $10.34, for a total transaction of $324,831.10. The disclosure for this sale can be found here. Company insiders own 0.95% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its position in Ford Motor by 11.7% in the 4th quarter. Geode Capital Management LLC now owns 43,141,934 shares of the auto manufacturer’s stock worth $537,773,000 after buying an additional 4,529,998 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Ford Motor by 7.2% in the 4th quarter. Bank of New York Mellon Corp now owns 38,411,102 shares of the auto manufacturer’s stock worth $479,755,000 after buying an additional 2,594,016 shares in the last quarter. Pzena Investment Management LLC lifted its position in Ford Motor by 1.8% in the 4th quarter. Pzena Investment Management LLC now owns 25,856,377 shares of the auto manufacturer’s stock worth $322,946,000 after buying an additional 446,561 shares in the last quarter. LSV Asset Management lifted its position in Ford Motor by 1.6% in the 4th quarter. LSV Asset Management now owns 23,496,850 shares of the auto manufacturer’s stock worth $293,475,000 after buying an additional 364,500 shares in the last quarter. Finally, TIAA CREF Investment Management LLC lifted its position in Ford Motor by 18.3% in the 4th quarter. TIAA CREF Investment Management LLC now owns 16,340,478 shares of the auto manufacturer’s stock worth $204,093,000 after buying an additional 2,523,592 shares in the last quarter. Institutional investors own 56.55% of the company’s stock.

F opened at $11.33 on Monday. The stock has a market cap of $45,216.73, a P/E ratio of 6.37, a price-to-earnings-growth ratio of 0.69 and a beta of 1.05. Ford Motor has a fifty-two week low of $10.14 and a fifty-two week high of $13.48. The company has a current ratio of 1.23, a quick ratio of 1.12 and a debt-to-equity ratio of 2.94.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Friday, April 20th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.30%. The ex-dividend date is Thursday, April 19th. Ford Motor’s payout ratio is 33.71%.

ILLEGAL ACTIVITY WARNING: This piece of content was published by Week Herald and is the sole property of of Week Herald. If you are viewing this piece of content on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The legal version of this piece of content can be viewed at https://weekherald.com/2018/04/19/zacks-brokerages-anticipate-ford-motor-f-will-post-earnings-of-0-41-per-share.html.

Ford Motor Company Profile

Ford Motor Company is a global automotive and mobility company. The Company’s business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles. The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations.

Get a free copy of the Zacks research report on Ford Motor (F)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Ford Motor (NYSE:F)

Receive News & Ratings for Ford Motor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ford Motor and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply