Ford Motor (NYSE:F) Releases Earnings Results, Beats Estimates By $0.05 EPS

Ford Motor (NYSE:F) announced its earnings results on Wednesday. The auto manufacturer reported $0.49 EPS for the quarter, topping the consensus estimate of $0.44 by $0.05, Briefing.com reports. The firm had revenue of $42.78 billion for the quarter, compared to the consensus estimate of $42.93 billion. Ford Motor had a net margin of 2.47% and a return on equity of 18.95%. The business’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.63 EPS.

Ford Motor Price Performance

NYSE:F traded up $0.01 on Wednesday, reaching $12.95. The stock had a trading volume of 73,007,644 shares, compared to its average volume of 53,844,660. The company has a market capitalization of $51.46 billion, a P/E ratio of 12.07, a price-to-earnings-growth ratio of 1.02 and a beta of 1.63. Ford Motor has a 1-year low of $9.63 and a 1-year high of $15.42. The company has a quick ratio of 1.04, a current ratio of 1.20 and a debt-to-equity ratio of 2.33. The stock has a fifty day moving average price of $12.59 and a 200-day moving average price of $11.77.

Ford Motor Announces Dividend

The firm also recently announced a Variable dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were given a dividend of $0.33 per share. The ex-dividend date was Thursday, February 15th. This represents a dividend yield of 4.7%. Ford Motor’s dividend payout ratio (DPR) is currently 55.56%.

Wall Street Analyst Weigh In

F has been the topic of several recent analyst reports. Citigroup lifted their target price on shares of Ford Motor from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Piper Sandler began coverage on shares of Ford Motor in a report on Friday, March 15th. They issued a “neutral” rating and a $13.00 target price on the stock. Redburn Atlantic began coverage on shares of Ford Motor in a report on Wednesday, January 24th. They set a “sell” rating and a $10.00 price objective on the stock. Barclays boosted their price objective on shares of Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Finally, UBS Group downgraded shares of Ford Motor from a “buy” rating to a “neutral” rating and set a $12.00 price objective on the stock. in a report on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $13.82.

Insider Buying and Selling at Ford Motor

In other news, CAO Mark Kosman sold 26,898 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $12.53, for a total transaction of $337,031.94. Following the transaction, the chief accounting officer now directly owns 7,102 shares in the company, valued at $88,988.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.40% of the company’s stock.

About Ford Motor

Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company 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.