Zacks: Brokerages Anticipate Ford Motor (NYSE:F) Will Announce Quarterly Sales of $35.00 Billion

Equities research analysts expect Ford Motor (NYSE:FGet Rating) to post $35.00 billion in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Ford Motor’s earnings, with estimates ranging from $34.25 billion to $35.75 billion. Ford Motor posted sales of $24.13 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 45%. The firm is expected to announce its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Ford Motor will report full-year sales of $145.47 billion for the current financial year, with estimates ranging from $142.22 billion to $147.91 billion. For the next financial year, analysts forecast that the firm will post sales of $154.20 billion, with estimates ranging from $150.84 billion to $159.13 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Ford Motor.

Ford Motor (NYSE:FGet Rating) last released its quarterly earnings results on Wednesday, April 27th. The auto manufacturer reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). The company had revenue of $32.11 billion for the quarter, compared to analyst estimates of $30.39 billion. Ford Motor had a net margin of 8.57% and a return on equity of 12.46%. During the same quarter last year, the firm posted $0.89 EPS.

A number of research firms have issued reports on F. Barclays downgraded Ford Motor from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $23.00 to $17.00 in a research note on Thursday, April 7th. Benchmark cut their price target on Ford Motor from $29.00 to $25.00 in a research note on Monday, May 2nd. Berenberg Bank began coverage on shares of Ford Motor in a research report on Tuesday. They set a “hold” rating and a $17.00 target price on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Ford Motor from $21.00 to $17.00 and set a “hold” rating on the stock in a research report on Thursday, April 21st. Finally, Zacks Investment Research raised shares of Ford Motor from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Wednesday, February 2nd. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $19.18.

In other news, insider William Clay Ford, Jr. purchased 267,697 shares of Ford Motor stock in a transaction dated Thursday, March 24th. The stock was purchased at an average cost of $16.81 per share, for a total transaction of $4,499,986.57. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Motor Co Ford sold 8,000,000 shares of the business’s stock in a transaction on Monday, May 9th. The shares were sold at an average price of $26.80, for a total transaction of $214,400,000.00. Following the transaction, the insider now owns 93,947,494 shares of the company’s stock, valued at $2,517,792,839.20. The disclosure for this sale can be found here. Insiders own 0.71% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Thompson Siegel & Walmsley LLC purchased a new position in Ford Motor in the first quarter worth $25,000. Ten Capital Wealth Advisors LLC purchased a new stake in Ford Motor during the first quarter valued at about $25,000. Sterling Investment Advisors Ltd. purchased a new stake in Ford Motor during the fourth quarter valued at about $27,000. Retirement Planning Co of New England Inc. purchased a new stake in Ford Motor during the fourth quarter valued at about $28,000. Finally, Core Alternative Capital boosted its position in Ford Motor by 390.2% during the first quarter. Core Alternative Capital now owns 1,696 shares of the auto manufacturer’s stock valued at $29,000 after buying an additional 1,350 shares during the period. Institutional investors own 52.35% of the company’s stock.

F stock opened at $13.35 on Wednesday. The company has a market capitalization of $53.66 billion, a P/E ratio of 4.70, a price-to-earnings-growth ratio of 2.41 and a beta of 1.15. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.01 and a current ratio of 1.17. Ford Motor has a 52-week low of $11.28 and a 52-week high of $25.87. The business has a 50-day simple moving average of $15.78 and a two-hundred day simple moving average of $18.44.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 1st. Shareholders of record on Tuesday, April 26th will be issued a dividend of $0.10 per share. The ex-dividend date is Monday, April 25th. This represents a $0.40 dividend on an annualized basis and a yield of 3.00%. Ford Motor’s payout ratio is 14.08%.

Ford Motor Company Profile (Get Rating)

Ford Motor Company designs, manufactures, markets, and services a range of Ford trucks, cars, sport utility vehicles, electrified vehicles, and Lincoln luxury vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.

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