General Motors (NYSE:GM – Get Free Report) (TSE:GMM.U) issued its earnings results on Tuesday. The auto manufacturer reported $2.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.60, RTT News reports. General Motors had a return on equity of 14.34% and a net margin of 5.89%. The company had revenue of $43.01 billion during the quarter, compared to analysts’ expectations of $41.09 billion. During the same period in the prior year, the business earned $2.21 EPS. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. General Motors updated its FY24 guidance to 9.00-10.00 EPS.
General Motors Trading Up 2.1 %
GM opened at $43.25 on Tuesday. The firm has a market cap of $49.93 billion, a price-to-earnings ratio of 5.92, a price-to-earnings-growth ratio of 0.50 and a beta of 1.51. General Motors has a 52 week low of $26.30 and a 52 week high of $46.04. The business’s 50 day moving average is $41.73 and its two-hundred day moving average is $35.96. The company has a quick ratio of 0.90, a current ratio of 1.08 and a debt-to-equity ratio of 1.21.
General Motors Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, June 7th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.11%. General Motors’s payout ratio is currently 6.57%.
Analyst Upgrades and Downgrades
View Our Latest Research Report on General Motors
Insider Transactions at General Motors
In related news, EVP Julian G. Blissett sold 13,826 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $38.24, for a total value of $528,706.24. Following the completion of the sale, the executive vice president now owns 87,567 shares in the company, valued at approximately $3,348,562.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other General Motors news, EVP Rory Harvey sold 5,100 shares of General Motors stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $43.04, for a total value of $219,504.00. Following the sale, the executive vice president now owns 12,658 shares of the company’s stock, valued at approximately $544,800.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Julian G. Blissett sold 13,826 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $38.24, for a total value of $528,706.24. Following the transaction, the executive vice president now directly owns 87,567 shares in the company, valued at approximately $3,348,562.08. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 86,248 shares of company stock worth $3,614,078. Insiders own 0.54% of the company’s stock.
General Motors Company Profile
General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts; and provide software-enabled services and subscriptions worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brand names.
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