Fiat Chrysler Automobiles (NYSE:FCAU) Announces Quarterly Earnings Results, Beats Expectations By $1.33 EPS

Fiat Chrysler Automobiles (NYSE:FCAU) issued its earnings results on Friday. The company reported ($0.65) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.98) by $1.33, reports. Fiat Chrysler Automobiles had a net margin of 0.49% and a return on equity of 11.33%. The business had revenue of $11.71 billion during the quarter, compared to analysts’ expectations of $13.95 billion. During the same period in the previous year, the company earned $0.59 earnings per share. The business’s revenue for the quarter was down 56.2% compared to the same quarter last year.

Shares of NYSE:FCAU opened at $10.15 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.77 and a quick ratio of 0.51. The firm has a market capitalization of $19.89 billion, a PE ratio of 28.20 and a beta of 1.88. The firm’s 50-day moving average is $10.00 and its two-hundred day moving average is $10.11. Fiat Chrysler Automobiles has a 1 year low of $6.00 and a 1 year high of $16.25.

FCAU has been the subject of a number of recent analyst reports. ValuEngine upgraded shares of Fiat Chrysler Automobiles from a “sell” rating to a “hold” rating in a research report on Monday, June 1st. Zacks Investment Research upgraded shares of Fiat Chrysler Automobiles from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Friday. UBS Group reaffirmed a “neutral” rating on shares of Fiat Chrysler Automobiles in a research note on Tuesday, June 30th. Finally, Redburn Partners raised shares of Fiat Chrysler Automobiles from a “neutral” rating to a “buy” rating in a research report on Monday, June 22nd. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $14.00.

About Fiat Chrysler Automobiles

Fiat Chrysler Automobiles N.V., together with its subsidiaries, designs, engineers, manufactures, distributes, and sells vehicles, components, and production systems. The company operates through five segments: NAFTA, LATAM, APAC, EMEA, and Maserati. It provides passenger cars, SUV vehicles, trucks, and light commercial vehicles under the Jeep, Ram, Dodge, Chrysler, Fiat, Fiat Professional, Alfa Romeo, and Abarth brands; and luxury vehicles under the Maserati brand, as well as related service parts and accessories, and service contracts under the Mopar brand.

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Earnings History for Fiat Chrysler Automobiles (NYSE:FCAU)

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