Zacks: Analysts Expect General Motors (NYSE:GM) to Post $0.06 EPS

Share on StockTwits

Wall Street brokerages predict that General Motors (NYSE:GM) (TSE:GMM.U) will post earnings of $0.06 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for General Motors’ earnings, with estimates ranging from ($0.12) to $0.24. General Motors reported earnings of $1.43 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 95.8%. The firm is expected to issue its next earnings results on Wednesday, February 5th.

According to Zacks, analysts expect that General Motors will report full year earnings of $4.80 per share for the current fiscal year, with EPS estimates ranging from $4.65 to $5.07. For the next fiscal year, analysts expect that the firm will post earnings of $6.25 per share, with EPS estimates ranging from $5.30 to $7.00. Zacks’ EPS averages are a mean average based on a survey of research firms that cover General Motors.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, October 29th. The auto manufacturer reported $1.72 EPS for the quarter, topping the Zacks’ consensus estimate of $1.18 by $0.54. The company had revenue of $35.50 billion for the quarter, compared to the consensus estimate of $35.21 billion. General Motors had a return on equity of 19.78% and a net margin of 6.19%. The company’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.87 EPS.

A number of brokerages have recently commented on GM. Morgan Stanley set a $46.00 price objective on General Motors and gave the company a “buy” rating in a research report on Tuesday, September 17th. Buckingham Research decreased their target price on General Motors from $35.00 to $32.00 and set a “neutral” rating on the stock in a report on Tuesday, October 15th. Bank of America set a $55.00 target price on General Motors and gave the stock a “buy” rating in a research report on Tuesday, October 15th. UBS Group boosted their target price on General Motors from $46.00 to $47.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Finally, Barclays reduced their target price on General Motors from $51.00 to $48.00 and set an “overweight” rating for the company in a report on Wednesday, October 2nd. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $46.54.

General Motors stock opened at $35.54 on Friday. The firm has a market cap of $50.78 billion, a price-to-earnings ratio of 5.43, a price-to-earnings-growth ratio of 0.69 and a beta of 1.37. General Motors has a 1 year low of $31.46 and a 1 year high of $41.90. The firm’s 50 day moving average price is $36.72 and its two-hundred day moving average price is $37.22. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.82 and a current ratio of 0.96.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, December 6th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 4.28%. The ex-dividend date is Thursday, December 5th. General Motors’s dividend payout ratio (DPR) is currently 23.24%.

In other news, EVP Matthew Tsien sold 16,933 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $39.50, for a total value of $668,853.50. Following the completion of the sale, the executive vice president now owns 18,533 shares in the company, valued at $732,053.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.51% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of GM. Vanguard Group Inc. lifted its stake in General Motors by 0.7% in the second quarter. Vanguard Group Inc. now owns 102,571,908 shares of the auto manufacturer’s stock valued at $3,952,096,000 after acquiring an additional 717,703 shares during the last quarter. Northern Trust Corp raised its holdings in shares of General Motors by 1.3% during the 2nd quarter. Northern Trust Corp now owns 14,406,653 shares of the auto manufacturer’s stock valued at $555,088,000 after purchasing an additional 184,349 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of General Motors by 0.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 13,977,174 shares of the auto manufacturer’s stock valued at $538,539,000 after purchasing an additional 99,948 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of General Motors by 4.8% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 7,033,921 shares of the auto manufacturer’s stock valued at $271,017,000 after purchasing an additional 324,329 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of General Motors by 1.2% in the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 6,281,100 shares of the auto manufacturer’s stock valued at $242,011,000 after purchasing an additional 75,014 shares during the last quarter. 76.92% of the stock is owned by institutional investors and hedge funds.

General Motors Company Profile

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

Read More: What is a bull market?

Get a free copy of the Zacks research report on General Motors (GM)

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

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

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