Ford Motor Company (NYSE:F) – Stock analysts at Craig Hallum upped their Q4 2017 EPS estimates for shares of Ford Motor in a research note issued on Wednesday. Craig Hallum analyst S. Dyer now expects that the auto manufacturer will earn $0.48 per share for the quarter, up from their previous forecast of $0.38. Craig Hallum also issued estimates for Ford Motor’s FY2018 earnings at $1.63 EPS.
Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.13. The business had revenue of $36.93 billion during the quarter, compared to analyst estimates of $37.22 billion. Ford Motor had a net margin of 2.52% and a return on equity of 19.69%. The business’s revenue was down .5% on a year-over-year basis. During the same period last year, the business earned $0.52 EPS. TRADEMARK VIOLATION WARNING: “Craig Hallum Equities Analysts Raise Earnings Estimates for Ford Motor Company (F)” was originally posted by BNB Daily and is owned by of BNB Daily. If you are reading this report on another site, it was illegally copied and reposted in violation of United States & international copyright laws. The original version of this report can be viewed at https://www.baseball-news-blog.com/2017/08/19/craig-hallum-equities-analysts-raise-earnings-estimates-for-ford-motor-company-f-updated-updated.html.
F has been the subject of a number of other reports. ValuEngine cut shares of Ford Motor from a “buy” rating to a “hold” rating in a research note on Saturday, June 17th. Piper Jaffray Companies restated a “buy” rating and issued a $14.00 price objective on shares of Ford Motor in a research note on Friday. Bank of America Corp restated a “buy” rating and issued a $12.50 price objective (down from $14.00) on shares of Ford Motor in a research note on Friday, June 16th. Vetr upgraded shares of Ford Motor from a “buy” rating to a “strong-buy” rating and set a $12.60 price objective for the company in a research note on Thursday, July 6th. Finally, Wolfe Research assumed coverage on shares of Ford Motor in a research note on Tuesday, June 13th. They issued a “market perform” rating for the company. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Ford Motor has an average rating of “Hold” and an average price target of $13.27.
Ford Motor (NYSE:F) traded down 2.41% during midday trading on Monday, reaching $10.95. 43,381,380 shares of the company were exchanged. The firm’s 50-day moving average is $11.31 and its 200-day moving average is $11.68. The firm has a market cap of $43.49 billion, a P/E ratio of 11.53 and a beta of 1.11. Ford Motor has a one year low of $10.67 and a one year high of $13.27.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, July 24th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.35%. The ex-dividend date of this dividend is Thursday, July 20th. Ford Motor’s dividend payout ratio (DPR) is presently 63.16%.
In other Ford Motor news, insider James D. Farley, Jr. sold 25,000 shares of the business’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $11.16, for a total value of $279,000.00. Following the sale, the insider now owns 428,411 shares of the company’s stock, valued at approximately $4,781,066.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.08% of the company’s stock.
Large investors have recently bought and sold shares of the company. BlackRock Inc. raised its stake in Ford Motor by 2,991.4% in the first quarter. BlackRock Inc. now owns 229,005,290 shares of the auto manufacturer’s stock valued at $2,665,619,000 after buying an additional 221,597,419 shares during the last quarter. Vanguard Group Inc. raised its stake in Ford Motor by 2.3% in the first quarter. Vanguard Group Inc. now owns 261,930,050 shares of the auto manufacturer’s stock valued at $3,048,866,000 after buying an additional 6,013,577 shares during the last quarter. Morgan Stanley raised its stake in Ford Motor by 11.5% in the first quarter. Morgan Stanley now owns 39,103,837 shares of the auto manufacturer’s stock valued at $455,168,000 after buying an additional 4,040,717 shares during the last quarter. State Street Corp raised its stake in Ford Motor by 2.5% in the first quarter. State Street Corp now owns 162,887,426 shares of the auto manufacturer’s stock valued at $1,896,009,000 after buying an additional 3,999,705 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Ford Motor by 10.8% in the first quarter. Geode Capital Management LLC now owns 40,887,644 shares of the auto manufacturer’s stock valued at $475,306,000 after buying an additional 3,978,850 shares during the last quarter. 55.40% of the stock is currently owned by institutional investors and hedge funds.
About Ford Motor
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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