Ford Motor Company (NYSE:F) – Equities research analysts at Seaport Global Securities upped their FY2017 earnings estimates for shares of Ford Motor in a research note issued to investors on Thursday. Seaport Global Securities analyst M. Ward now forecasts that the auto manufacturer will earn $1.70 per share for the year, up from their previous forecast of $1.60.
F has been the topic of a number of other research reports. Vetr downgraded shares of Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.45 price target on the stock. in a research note on Wednesday, May 31st. Wolfe Research started coverage on shares of Ford Motor in a research note on Tuesday, June 13th. They set a “market perform” rating on the stock. Zacks Investment Research raised shares of Ford Motor from a “strong sell” rating to a “hold” rating in a research note on Monday, April 24th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $14.00 price target on shares of Ford Motor in a research note on Friday, July 28th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $14.00 price target on shares of Ford Motor in a research note on Wednesday, May 24th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $13.27.
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Ford Motor (F) traded up 0.18% during trading on Monday, hitting $10.97. 13,398,853 shares of the company traded hands. Ford Motor has a 52 week low of $10.67 and a 52 week high of $13.27. The company’s 50 day moving average is $11.31 and its 200-day moving average is $11.67. The stock has a market capitalization of $43.57 billion, a PE ratio of 11.55 and a beta of 1.11.
Ford Motor (NYSE:F) last released its earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.13. Ford Motor had a net margin of 2.52% and a return on equity of 19.69%. The company had revenue of $36.93 billion for the quarter, compared to analyst estimates of $37.22 billion. During the same quarter last year, the firm earned $0.52 EPS. The firm’s quarterly revenue was down .5% compared to the same quarter last year.
A number of hedge funds and other institutional investors have recently modified their holdings of F. Balentine LLC boosted its position in shares of Ford Motor by 2.6% in the first quarter. Balentine LLC now owns 9,097 shares of the auto manufacturer’s stock valued at $106,000 after buying an additional 231 shares during the last quarter. Archford Capital Strategies LLC boosted its position in shares of Ford Motor by 7.8% in the first quarter. Archford Capital Strategies LLC now owns 9,361 shares of the auto manufacturer’s stock valued at $109,000 after buying an additional 676 shares during the last quarter. Reilly Financial Advisors LLC boosted its position in shares of Ford Motor by 1.5% in the second quarter. Reilly Financial Advisors LLC now owns 9,856 shares of the auto manufacturer’s stock valued at $110,000 after buying an additional 150 shares during the last quarter. Puplava Financial Services Inc. acquired a new position in shares of Ford Motor during the first quarter valued at about $116,000. Finally, TNB Financial acquired a new position in shares of Ford Motor during the first quarter valued at about $119,000. Institutional investors own 55.40% of the company’s stock.
In other news, insider James D. Farley, Jr. sold 25,000 shares of the company’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $11.16, for a total value of $279,000.00. Following the transaction, the insider now directly owns 428,411 shares in the company, valued at $4,781,066.76. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.08% of the company’s stock.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, July 24th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.48%. The ex-dividend date is Thursday, July 20th. Ford Motor’s payout ratio is presently 63.16%.
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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