General Motors Expected to Earn Q1 2022 Earnings of $1.58 Per Share (NYSE:GM)

General Motors (NYSE:GMGet Rating) (TSE:GMM.U) – Equities researchers at Jefferies Financial Group issued their Q1 2022 earnings per share (EPS) estimates for shares of General Motors in a report issued on Monday, April 11th. Jefferies Financial Group analyst P. Houchois anticipates that the auto manufacturer will post earnings of $1.58 per share for the quarter. Jefferies Financial Group has a “Hold” rating and a $44.00 price objective on the stock.

General Motors (NYSE:GMGet Rating) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, February 1st. The auto manufacturer reported $1.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.20. General Motors had a return on equity of 17.66% and a net margin of 7.89%. The firm had revenue of $33.58 billion during the quarter, compared to analyst estimates of $34.24 billion. During the same period last year, the company posted $1.93 EPS. The business’s quarterly revenue was down 10.5% on a year-over-year basis.

Several other research analysts have also weighed in on GM. Citigroup lowered their price objective on General Motors from $100.00 to $95.00 in a research report on Monday, March 28th. Morgan Stanley decreased their target price on General Motors from $55.00 to $50.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 22nd. Exane BNP Paribas initiated coverage on General Motors in a research report on Monday. They issued an “outperform” rating for the company. Royal Bank of Canada boosted their target price on General Motors from $74.00 to $85.00 and gave the company an “outperform” rating in a research report on Wednesday, February 2nd. Finally, Zacks Investment Research raised General Motors from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research report on Wednesday, December 29th. Six research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $69.68.

GM stock opened at $40.22 on Tuesday. The stock has a 50-day moving average price of $44.77 and a 200-day moving average price of $53.37. General Motors has a 1-year low of $37.60 and a 1-year high of $67.21. The company has a current ratio of 1.10, a quick ratio of 0.93 and a debt-to-equity ratio of 1.15. The firm has a market cap of $58.44 billion, a PE ratio of 5.99, a price-to-earnings-growth ratio of 0.60 and a beta of 1.18.

In other news, Director Patricia F. Russo acquired 6,000 shares of the company’s stock in a transaction that occurred on Thursday, February 10th. The shares were acquired at an average price of $50.61 per share, for a total transaction of $303,660.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Julian G. Blissett sold 21,742 shares of the company’s stock in a transaction that occurred on Wednesday, February 16th. The shares were sold at an average price of $50.04, for a total value of $1,087,969.68. The disclosure for this sale can be found here. 0.40% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the stock. Swarthmore Group Inc. raised its holdings in General Motors by 29.9% during the 4th quarter. Swarthmore Group Inc. now owns 64,996 shares of the auto manufacturer’s stock valued at $3,811,000 after acquiring an additional 14,969 shares during the period. Skandinaviska Enskilda Banken AB publ raised its holdings in General Motors by 8.0% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 265,119 shares of the auto manufacturer’s stock valued at $13,975,000 after acquiring an additional 19,563 shares during the period. Pinnacle Associates Ltd. raised its holdings in General Motors by 2.9% during the 4th quarter. Pinnacle Associates Ltd. now owns 73,962 shares of the auto manufacturer’s stock valued at $4,336,000 after acquiring an additional 2,061 shares during the period. Heritage Trust Co increased its holdings in shares of General Motors by 168.9% in the third quarter. Heritage Trust Co now owns 78,196 shares of the auto manufacturer’s stock worth $4,122,000 after purchasing an additional 49,112 shares during the period. Finally, KBC Group NV increased its holdings in shares of General Motors by 6.5% in the third quarter. KBC Group NV now owns 335,469 shares of the auto manufacturer’s stock worth $17,683,000 after purchasing an additional 20,347 shares during the period. Institutional investors and hedge funds own 80.50% of the company’s stock.

About General Motors (Get Rating)

General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts and accessories in North America, the Asia Pacific, the Middle East, Africa, South America, the United States, and China. The company operates through GM North America, GM International, Cruise, and GM Financial segments.

See Also

Earnings History and Estimates for General Motors (NYSE:GM)

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