Research Analysts Issue Forecasts for General Motors’ Q1 2022 Earnings (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 issued its earnings results on Tuesday, February 1st. The auto manufacturer reported $1.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.20. The firm had revenue of $33.58 billion for the quarter, compared to the consensus estimate of $34.24 billion. General Motors had a return on equity of 17.66% and a net margin of 7.89%. The company’s revenue was down 10.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.93 EPS.

Other research analysts also recently issued reports about the company. Deutsche Bank Aktiengesellschaft lifted their target price on General Motors from $67.00 to $71.00 in a report on Thursday, January 13th. Wolfe Research lifted their target price on General Motors from $67.00 to $70.00 and gave the stock an “outperform” rating in a report on Monday, March 21st. Zacks Investment Research raised General Motors from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a report on Wednesday, December 29th. Morgan Stanley cut their target price on General Motors from $55.00 to $50.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 22nd. Finally, Exane BNP Paribas initiated coverage on General Motors in a report on Monday. They set an “outperform” rating on the stock. Six investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $69.68.

NYSE GM opened at $40.22 on Tuesday. The company has a quick ratio of 0.93, a current ratio of 1.10 and a debt-to-equity ratio of 1.15. General Motors has a twelve month low of $37.60 and a twelve month high of $67.21. The company has a market cap of $58.44 billion, a price-to-earnings ratio of 5.99, a price-to-earnings-growth ratio of 0.60 and a beta of 1.18. The business’s fifty day moving average is $44.77 and its 200 day moving average is $53.37.

In other General Motors news, EVP Julian G. Blissett sold 21,742 shares of General Motors stock in a transaction dated Wednesday, February 16th. The stock was sold at an average price of $50.04, for a total transaction of $1,087,969.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Patricia F. Russo bought 6,000 shares of the business’s stock in a transaction dated Thursday, February 10th. The stock was acquired at an average price of $50.61 per share, for a total transaction of $303,660.00. The disclosure for this purchase can be found here. Insiders own 0.40% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in GM. Solstein Capital LLC purchased a new position in shares of General Motors in the 3rd quarter worth approximately $26,000. Liberty Wealth Management LLC boosted its stake in shares of General Motors by 50.1% in the 3rd quarter. Liberty Wealth Management LLC now owns 518 shares of the auto manufacturer’s stock worth $27,000 after buying an additional 173 shares during the last quarter. NuWave Investment Management LLC purchased a new position in shares of General Motors in the 4th quarter worth approximately $28,000. FSB Premier Wealth Management Inc. purchased a new position in shares of General Motors in the 4th quarter worth approximately $28,000. Finally, Sandy Cove Advisors LLC purchased a new position in shares of General Motors in the 4th quarter worth approximately $30,000. Hedge funds and other institutional investors own 80.50% of the company’s stock.

General Motors Company Profile (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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