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Ford Motor Company (F) Reports Q3 Earnings Beat
29 October 2017, 03:53 | Melanie Burgess
Ford Motor Company (F) Reports Q3 Earnings Beat
Vetr upgraded shares of General Motors from a hold rating to a buy rating and set a $37.42 price target for the company in a research note on Monday, July 24th. They now have $48.00 target price on the auto manufacturer's stock, up from their prior target price of $41.00. Improved operating performance and a lower tax rate were the key drivers behind the more than 60% year on year increase in net income for this quarter.
Let's have a look at some of the important valuation ratios of the Ford Motor Company (F). Morgan Stanley downgraded General Motors from an overweight rating to an equal weight rating and reduced their target price for the stock from $46.48 to $43.00 in a report on Wednesday. Finally, Goldman Sachs Group Inc. reiterated a "neutral" rating and set a $12.00 price target (down previously from $13.00) on shares of Ford Motor in a report on Saturday, October 8th. Finally, Citigroup Inc. reissued a buy rating and issued a $53.00 target price on shares of General Motors in a report on Monday, October 2nd. Four equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $12.44.
Ford shares rose 1.9 percent to $12.27 in pre-market trading. The company had a trading volume of 33,925,366 shares.
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Ford Motor Company (F) reported earning per shares for the quarter ending Oct 26 BMO at 0.56, whereas, 19 number of analysts estimated the mean EPS at 0.48. The auto manufacturer reported $1.32 earnings per share for the quarter, beating analysts' consensus estimates of $1.07 by $0.25. General Motors Company had 75 analyst reports since July 24, 2015 according to SRatingsIntel. General Motors had a return on equity of 20.95% and a net margin of 2.00%. Supplemental Annuity Collective Tru Of Nj owns 0.63% invested in General Motors Company (NYSE:GM) for 40,000 shares. The earnings per share of 43 cents topped Wall Street expectations of 32 cents. If you are viewing this article on another website, it was stolen and republished in violation of USA & worldwide copyright & trademark legislation. The legal version of this article can be viewed at https://www.dispatchtribunal.com/2017/10/28/first-trust-advisors-lp-sells-170027-shares-of-ford-motor-company-f.html.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, December 8th will be given a $0.38 dividend. The firm has "Sector Perform" rating by RBC Capital Markets given on Thursday, October 22.
In other news, insider Hau N. Thai-Tang sold 25,000 shares of the company's stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $12.37, for a total value of $273,080.12. Park Circle Co bought 100,000 shares as the company's stock declined 11.35% while stock markets rallied. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The shares were sold at an average price of $36.00, for a total transaction of $1,440,000.00. Wealthsource Partners LLC now owns 37,078 shares of the auto manufacturer's stock valued at $432,000 after buying an additional 2,528 shares during the last quarter. The disclosure for this sale can be found here. BlackRock Fund Advisors now owns 45,632,847 shares of the auto manufacturer's stock valued at $573,605,000 after buying an additional 1,265,872 shares during the last quarter. Breithorn Capital Management has 4.74% invested in General Motors Company (NYSE:GM). Ingalls & Snyder LLC increased its position in shares of Ford Motor by 3.9% during the first quarter. Ffcm LLC now owns 3,373 shares of the auto manufacturer's stock valued at $120,000 after purchasing an additional 3,213 shares during the period. It also reduced its holding in Apple Inc (NASDAQ:AAPL) by 42,400 shares in the quarter, leaving it with 3.93 million shares, and cut its stake in Chemours Co. Tiedemann Wealth Management LLC now owns 64,061 shares of the auto manufacturer's stock worth $746,000 after acquiring an additional 51,563 shares during the period. Capital World Investors now owns 31,327,192 shares of the auto manufacturer's stock worth $1,094,259,000 after buying an additional 1,500,500 shares during the period.
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