General Motors (GM) Scheduled to Post Quarterly Earnings on Tuesday

General Motors (NYSE:GMGet Rating) (TSE:GMM.U) is scheduled to post its quarterly earnings results after the market closes on Tuesday, April 26th. Analysts expect General Motors to post earnings of $1.57 per share for the quarter. General Motors has set its FY22 guidance at $6.25-7.25 EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

General Motors (NYSE:GMGet Rating) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, February 1st. The auto manufacturer reported $1.35 earnings per share (EPS) for the quarter, topping 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 for the quarter was down 10.5% on a year-over-year basis. During the same period last year, the business posted $1.93 EPS. On average, analysts expect General Motors to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

GM stock opened at $40.63 on Tuesday. The company has a market cap of $59.04 billion, a P/E ratio of 6.06, a price-to-earnings-growth ratio of 0.61 and a beta of 1.18. General Motors has a 1 year low of $37.60 and a 1 year high of $67.21. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.10 and a quick ratio of 0.93. The stock’s fifty day moving average price is $44.16 and its 200-day moving average price is $53.11.

In related news, Director Patricia F. Russo acquired 6,000 shares of the stock in a transaction dated Thursday, February 10th. The stock was acquired at an average cost of $50.61 per share, with a total value of $303,660.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Julian G. Blissett sold 21,742 shares of the firm’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. Company insiders own 0.40% of the company’s stock.

Several large investors have recently bought and sold shares of GM. NEXT Financial Group Inc lifted its stake in shares of General Motors by 8.9% during the 4th quarter. NEXT Financial Group Inc now owns 9,445 shares of the auto manufacturer’s stock worth $554,000 after acquiring an additional 774 shares during the last quarter. Horizon Investments LLC lifted its stake in shares of General Motors by 8.4% during the 4th quarter. Horizon Investments LLC now owns 10,391 shares of the auto manufacturer’s stock worth $609,000 after acquiring an additional 801 shares during the last quarter. Zullo Investment Group Inc. bought a new stake in shares of General Motors during the 4th quarter worth approximately $89,000. Chicago Partners Investment Group LLC lifted its stake in shares of General Motors by 31.1% during the 4th quarter. Chicago Partners Investment Group LLC now owns 6,522 shares of the auto manufacturer’s stock worth $316,000 after acquiring an additional 1,547 shares during the last quarter. Finally, Toroso Investments LLC lifted its stake in shares of General Motors by 9.4% during the 4th quarter. Toroso Investments LLC now owns 21,242 shares of the auto manufacturer’s stock worth $1,245,000 after acquiring an additional 1,834 shares during the last quarter. 80.50% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently issued reports on the company. Zacks Investment Research upgraded General Motors from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research note on Wednesday, December 29th. Exane BNP Paribas began coverage on General Motors in a report on Monday, April 11th. They issued an “outperform” rating on the stock. Benchmark decreased their target price on General Motors from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Friday, March 11th. Wells Fargo & Company decreased their target price on General Motors from $83.00 to $72.00 and set an “overweight” rating on the stock in a report on Friday, April 1st. Finally, Nomura Instinet reaffirmed a “neutral” rating and issued a $56.00 target price (down from $66.00) on shares of General Motors in a report on Wednesday, February 9th. Six research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $69.90.

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.

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Earnings History for General Motors (NYSE:GM)

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