Q3 2024 Earnings Forecast for Ford Motor (NYSE:F) Issued By Zacks Research

Ford Motor (NYSE:F) – Equities research analysts at Zacks Research lifted their Q3 2024 earnings per share estimates for Ford Motor in a research note issued to investors on Wednesday, May 15th. Zacks Research analyst R. Singhi now anticipates that the auto manufacturer will earn $0.47 per share for the quarter, up from their prior forecast of $0.41. The consensus estimate for Ford Motor’s current full-year earnings is $1.96 per share. Zacks Research also issued estimates for Ford Motor’s Q1 2025 earnings at $0.42 EPS and FY2025 earnings at $1.90 EPS.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.07. Ford Motor had a return on equity of 17.63% and a net margin of 2.21%. The firm had revenue of $42.78 billion during the quarter, compared to the consensus estimate of $42.93 billion. During the same period in the prior year, the business earned $0.63 EPS. The business’s revenue for the quarter was up 3.1% on a year-over-year basis.

Other equities research analysts have also issued research reports about the stock. Morgan Stanley lifted their target price on shares of Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. Citigroup boosted their target price on Ford Motor from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Barclays raised their price target on Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. UBS Group boosted their price target on Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. Finally, Royal Bank of Canada raised their price objective on shares of Ford Motor from $12.00 to $13.00 and gave the company a “sector perform” rating in a research report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $13.74.

Ford Motor Stock Performance

F stock opened at $12.28 on Friday. The firm has a 50 day simple moving average of $12.62 and a 200 day simple moving average of $11.87. Ford Motor has a 52 week low of $9.63 and a 52 week high of $15.42. The stock has a market cap of $49.03 billion, a P/E ratio of 12.66, a P/E/G ratio of 0.82 and a beta of 1.61. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.99 and a current ratio of 1.17.

Institutional Investors Weigh In On Ford Motor

A number of institutional investors have recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC raised its holdings in shares of Ford Motor by 15.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 342,150 shares of the auto manufacturer’s stock worth $4,171,000 after buying an additional 44,581 shares in the last quarter. Pearl River Capital LLC grew its position in Ford Motor by 174.2% during the 3rd quarter. Pearl River Capital LLC now owns 332,161 shares of the auto manufacturer’s stock worth $4,125,000 after acquiring an additional 211,037 shares during the last quarter. Axxcess Wealth Management LLC raised its position in Ford Motor by 616.0% in the 3rd quarter. Axxcess Wealth Management LLC now owns 300,951 shares of the auto manufacturer’s stock valued at $3,738,000 after purchasing an additional 258,920 shares during the last quarter. Public Sector Pension Investment Board grew its holdings in shares of Ford Motor by 11.9% during the third quarter. Public Sector Pension Investment Board now owns 421,118 shares of the auto manufacturer’s stock worth $5,230,000 after purchasing an additional 44,805 shares during the last quarter. Finally, CVA Family Office LLC acquired a new stake in shares of Ford Motor in the fourth quarter valued at $56,000. 58.74% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CAO Mark Kosman sold 26,898 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $12.53, for a total value of $337,031.94. Following the sale, the chief accounting officer now owns 7,102 shares in the company, valued at $88,988.06. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.80% of the stock is owned by insiders.

Ford Motor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 8th will be paid a $0.15 dividend. The ex-dividend date is Tuesday, May 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.89%. Ford Motor’s payout ratio is presently 61.86%.

About Ford Motor

Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company 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.