Ford Motor (F) Updates FY18 Earnings Guidance
Ford Motor (NYSE:F) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share guidance of $1.45-1.70 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.59. Ford Motor also updated its FY17 guidance to $1.78 EPS.
A number of equities analysts have recently commented on the company. Zacks Investment Research raised Ford Motor from a hold rating to a buy rating and set a $15.00 price target for the company in a report on Tuesday, January 9th. Royal Bank of Canada reaffirmed a hold rating and issued a $14.00 price target on shares of Ford Motor in a report on Wednesday, December 20th. ValuEngine raised Ford Motor from a hold rating to a buy rating in a report on Friday, December 1st. Cascend Securities lowered Ford Motor to a buy rating in a report on Tuesday, December 5th. Finally, FIG Partners reaffirmed a hold rating on shares of Ford Motor in a report on Monday, October 9th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $12.66.
Shares of Ford Motor (F) opened at $13.10 on Wednesday. The company has a debt-to-equity ratio of 2.94, a current ratio of 1.19 and a quick ratio of 1.08. Ford Motor has a 12-month low of $10.47 and a 12-month high of $13.48. The stock has a market capitalization of $52,040.00, a price-to-earnings ratio of 11.91, a P/E/G ratio of 0.81 and a beta of 1.26.
In other Ford Motor news, insider Hau N. Thai-Tang sold 18,000 shares of the firm’s stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $13.00, for a total transaction of $234,000.00. Following the sale, the insider now owns 14,358 shares in the company, valued at $186,654. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Steven R. Armstrong sold 10,752 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $12.32, for a total value of $132,464.64. Following the sale, the insider now owns 101,159 shares in the company, valued at approximately $1,246,278.88. The disclosure for this sale can be found here. Insiders sold 47,752 shares of company stock worth $603,965 in the last quarter. 1.08% of the stock is currently owned by company insiders.
Ford Motor Company Profile
Ford Motor Company is a global automotive and mobility company. The Company’s business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles. The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations.
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