General Motors (NYSE:GM) Expected to Announce Earnings of $1.59 Per Share

Wall Street analysts expect that General Motors (NYSE:GMGet Rating) (TSE:GMM.U) will announce $1.59 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for General Motors’ earnings. The highest EPS estimate is $1.76 and the lowest is $1.23. General Motors reported earnings per share of $1.97 during the same quarter last year, which would indicate a negative year over year growth rate of 19.3%. The company is scheduled to issue its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that General Motors will report full-year earnings of $6.84 per share for the current fiscal year, with EPS estimates ranging from $5.99 to $7.20. For the next fiscal year, analysts forecast that the firm will report earnings of $6.84 per share, with EPS estimates ranging from $5.47 to $8.00. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover General Motors.

General Motors (NYSE:GMGet Rating) (TSE:GMM.U) last released its quarterly earnings data on Tuesday, April 26th. The auto manufacturer reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.52. General Motors had a return on equity of 16.37% and a net margin of 7.61%. During the same quarter in the prior year, the business earned $2.25 EPS.

Several research analysts have recently commented on GM shares. Exane BNP Paribas started coverage on General Motors in a report on Monday, April 11th. They issued an “outperform” rating on the stock. JPMorgan Chase & Co. reduced their target price on General Motors from $75.00 to $71.00 in a report on Monday, April 25th. Morgan Stanley reduced 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. Wolfe Research boosted 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. Finally, Nomura reduced their target price on General Motors from $66.00 to $56.00 and set a “neutral” rating on the stock in a report on Wednesday, February 9th. Six analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat.com, General Motors has an average rating of “Buy” and a consensus price target of $65.62.

NYSE GM opened at $39.58 on Wednesday. The company has a current ratio of 1.11, a quick ratio of 0.93 and a debt-to-equity ratio of 1.15. The stock’s 50 day moving average is $41.73 and its two-hundred day moving average is $51.50. The company has a market capitalization of $57.72 billion, a price-to-earnings ratio of 6.56, a PEG ratio of 0.60 and a beta of 1.20. General Motors has a 1-year low of $37.25 and a 1-year high of $67.21.

In other news, EVP Julian G. Blissett sold 21,742 shares of the business’s stock in a transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Patricia F. Russo purchased 6,000 shares of the firm’s stock in a transaction dated Thursday, February 10th. The stock was purchased at an average cost of $50.61 per share, with a total value 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 have recently made changes to their positions in the company. Swarthmore Group Inc. boosted its stake in General Motors by 29.9% in the 4th quarter. Swarthmore Group Inc. now owns 64,996 shares of the auto manufacturer’s stock worth $3,811,000 after purchasing an additional 14,969 shares during the period. Brinker Capital Investments LLC boosted its stake in General Motors by 206.3% in the 4th quarter. Brinker Capital Investments LLC now owns 17,681 shares of the auto manufacturer’s stock worth $1,037,000 after purchasing an additional 11,908 shares during the period. Skandinaviska Enskilda Banken AB publ boosted its stake in General Motors by 8.0% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 265,119 shares of the auto manufacturer’s stock worth $13,975,000 after purchasing an additional 19,563 shares during the period. Pinnacle Associates Ltd. boosted its stake in General Motors by 2.9% in the 4th quarter. Pinnacle Associates Ltd. now owns 73,962 shares of the auto manufacturer’s stock worth $4,336,000 after purchasing an additional 2,061 shares during the period. Finally, Heritage Trust Co boosted its stake in General Motors by 168.9% in the 3rd 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. 82.66% of the stock is owned by institutional investors.

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.

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

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