Zacks: Brokerages Anticipate Ford Motor (NYSE:F) Will Post Earnings of $0.33 Per Share

Wall Street brokerages expect Ford Motor (NYSE:F) to announce $0.33 earnings per share (EPS) for the current quarter, according to Zacks. Three analysts have made estimates for Ford Motor’s earnings, with estimates ranging from $0.27 to $0.38. Ford Motor posted earnings per share of $0.27 during the same quarter last year, which indicates a positive year-over-year growth rate of 22.2%. The company is expected to report its next quarterly earnings results on Wednesday, July 24th.

According to Zacks, analysts expect that Ford Motor will report full year earnings of $1.38 per share for the current financial year, with EPS estimates ranging from $1.20 to $1.50. For the next financial year, analysts expect that the business will report earnings of $1.37 per share, with EPS estimates ranging from $0.83 to $1.59. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Ford Motor.

Ford Motor (NYSE:F) last posted its earnings results on Thursday, April 25th. The auto manufacturer reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.18. The company had revenue of $40.34 billion during the quarter, compared to the consensus estimate of $37.37 billion. Ford Motor had a net margin of 1.94% and a return on equity of 14.41%. The firm’s quarterly revenue was down 3.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.43 earnings per share.

F has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Ford Motor from a “hold” rating to a “strong-buy” rating and set a $12.00 price objective for the company in a research report on Tuesday, April 30th. Citigroup reiterated a “reduce” rating on shares of Ford Motor in a research report on Wednesday, April 10th. ValuEngine upgraded shares of Ford Motor from a “sell” rating to a “hold” rating in a research report on Wednesday, May 8th. BMO Capital Markets upped their price objective on shares of Ford Motor from $8.50 to $10.00 and gave the stock a “market perform” rating in a research report on Monday, May 6th. Finally, Morgan Stanley set a $10.00 price objective on shares of Ford Motor and gave the stock a “hold” rating in a research report on Friday, April 26th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $10.48.

In other Ford Motor news, Director John L. Thornton acquired 10,200 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The stock was bought at an average price of $9.81 per share, with a total value of $100,062.00. Following the purchase, the director now owns 197,290 shares in the company, valued at $1,935,414.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO James P. Hackett sold 20,000 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $9.61, for a total transaction of $192,200.00. Following the sale, the chief executive officer now directly owns 214,575 shares of the company’s stock, valued at approximately $2,062,065.75. The disclosure for this sale can be found here. 0.83% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in F. Norges Bank purchased a new stake in Ford Motor during the 4th quarter valued at about $161,692,000. Oregon Public Employees Retirement Fund grew its stake in Ford Motor by 572.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 19,763,660 shares of the auto manufacturer’s stock valued at $2,583,000 after acquiring an additional 16,825,955 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in Ford Motor during the 1st quarter valued at about $83,707,000. Geode Capital Management LLC grew its stake in Ford Motor by 8.2% during the 4th quarter. Geode Capital Management LLC now owns 52,343,847 shares of the auto manufacturer’s stock valued at $399,887,000 after acquiring an additional 3,950,938 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in Ford Motor by 147.8% during the 1st quarter. SG Americas Securities LLC now owns 1,162,396 shares of the auto manufacturer’s stock valued at $10,206,000 after acquiring an additional 3,593,791 shares in the last quarter. 52.37% of the stock is owned by institutional investors.

NYSE F opened at $10.06 on Tuesday. The firm has a market cap of $39.58 billion, a P/E ratio of 7.74, a price-to-earnings-growth ratio of 0.99 and a beta of 1.13. Ford Motor has a 1 year low of $7.41 and a 1 year high of $12.05. The company has a debt-to-equity ratio of 2.82, a current ratio of 1.22 and a quick ratio of 1.10.

The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Wednesday, April 24th were paid a dividend of $0.15 per share. The ex-dividend date was Tuesday, April 23rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.96%. Ford Motor’s dividend payout ratio is currently 46.15%.

Ford Motor Company Profile

Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified 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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