Research Analysts Set Expectations for Ford Motor Co.’s FY2019 Earnings (F)
Ford Motor Co. (NYSE:F) – Jefferies Group decreased their FY2019 EPS estimates for shares of Ford Motor in a research note issued to investors on Thursday. Jefferies Group analyst P. Houchois now expects that the firm will post earnings per share of $1.86 for the year, down from their previous estimate of $1.92. Jefferies Group currently has a “Sell” rating on the stock.
A number of other equities research analysts also recently weighed in on the company. Vetr downgraded Ford Motor from a “strong-buy” rating to a “buy” rating and set a $14.04 target price on the stock. in a research report on Monday, May 23rd. TheStreet raised Ford Motor to a “buy” rating in a research report on Thursday, May 26th. Barclays PLC reissued an “equal weight” rating and set a $14.00 target price on shares of Ford Motor in a research report on Friday, May 27th. Citigroup Inc. restated a “buy” rating on shares of Ford Motor in a research note on Tuesday, May 31st. Finally, JPMorgan Chase & Co. restated a “buy” rating on shares of Ford Motor in a research note on Wednesday, June 1st. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $14.07.
Ford Motor (NYSE:F) traded down 0.91% on Monday, reaching $12.00. 37,728,534 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $12.36 and a 200-day moving average price of $13.02. Ford Motor has a 52 week low of $11.02 and a 52 week high of $15.84. The stock has a market capitalization of $47.68 billion, a price-to-earnings ratio of 5.66 and a beta of 1.30.
Ford Motor (NYSE:F) last posted its earnings results on Thursday, July 28th. The auto manufacturer reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by $0.08. Ford Motor had a net margin of 5.35% and a return on equity of 30.49%. The business earned $39.50 million during the quarter, compared to analysts’ expectations of $36.29 billion. During the same period last year, the business posted $0.47 earnings per share. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year.
Large investors have recently bought and sold shares of the stock. Capital World Investors boosted its stake in Ford Motor by 139.8% in the second quarter. Capital World Investors now owns 19,245,000 shares of the auto manufacturer’s stock valued at $241,910,000 after buying an additional 11,220,000 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Ford Motor by 3.8% in the second quarter. Vanguard Group Inc. now owns 244,456,762 shares of the auto manufacturer’s stock valued at $3,072,821,000 after buying an additional 8,920,917 shares during the period. NN Investment Partners Holdings N.V. acquired a new stake in shares of Ford Motor during the first quarter valued at approximately $95,992,000. Ameriprise Financial Inc. boosted its stake in shares of Ford Motor by 17.5% in the second quarter. Ameriprise Financial Inc. now owns 30,706,144 shares of the auto manufacturer’s stock valued at $385,950,000 after buying an additional 4,582,387 shares during the period. Finally, Columbus Circle Investors acquired a new stake in shares of Ford Motor during the second quarter valued at approximately $56,640,000. 56.06% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director John C. Lechleiter purchased 5,000 shares of the firm’s stock in a transaction dated Monday, August 8th. The stock was bought at an average price of $12.26 per share, with a total value of $61,300.00. Following the acquisition, the director now directly owns 25,000 shares of the company’s stock, valued at $306,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is currently owned by insiders.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Thursday, July 28th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.95%. The ex-dividend date was Tuesday, July 26th. Ford Motor’s dividend payout ratio (DPR) is 29.27%.
About Ford Motor
Ford Motor Company (Ford) is a global automotive and mobility company. The Company’s principal business includes designing, manufacturing, marketing, financing, and servicing a line of Ford cars, trucks, sports utility vehicles (SUVs), and electrified vehicles, as well as Lincoln luxury vehicles. The Company operates in two sectors: Automotive and Financial Services.
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