Ford Motor Company (NYSE:F) – Stock analysts at Seaport Global Securities boosted their FY2017 earnings per share (EPS) estimates for shares of Ford Motor in a note issued to investors on Thursday. Seaport Global Securities analyst M. Ward now forecasts that the auto manufacturer will earn $1.85 per share for the year, up from their previous forecast of $1.70. Seaport Global Securities also issued estimates for Ford Motor’s Q4 2017 earnings at $0.45 EPS, Q1 2018 earnings at $0.44 EPS, Q2 2018 earnings at $0.50 EPS, Q3 2018 earnings at $0.38 EPS, Q4 2018 earnings at $0.45 EPS and FY2018 earnings at $1.75 EPS.
Ford Motor (NYSE:F) last announced its earnings results on Thursday, October 26th. The auto manufacturer reported $0.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.10. Ford Motor had a return on equity of 21.62% and a net margin of 2.91%. The business had revenue of $33.65 billion for the quarter, compared to analyst estimates of $32.80 billion. During the same period in the previous year, the company earned $0.26 earnings per share. The company’s revenue for the quarter was up .9% compared to the same quarter last year.
Several other analysts have also weighed in on F. Citigroup Inc. raised their price objective on shares of Ford Motor from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Monday. Jefferies Group LLC raised their price objective on shares of Ford Motor from $12.00 to $13.00 and gave the stock a “hold” rating in a report on Monday. Morgan Stanley reaffirmed a “sell” rating and set a $10.00 price objective (up previously from $9.00) on shares of Ford Motor in a report on Tuesday. Zacks Investment Research lowered shares of Ford Motor from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. Finally, BidaskClub lowered shares of Ford Motor from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $12.63.
Shares of Ford Motor (NYSE:F) opened at 12.27 on Monday. The stock’s 50 day moving average price is $12.03 and its 200-day moving average price is $11.37. The stock has a market capitalization of $48.73 billion, a price-to-earnings ratio of 12.92 and a beta of 1.12. Ford Motor has a 12 month low of $10.47 and a 12 month high of $13.27.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, October 23rd will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, October 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.89%. Ford Motor’s dividend payout ratio is 54.55%.
In other news, insider Joseph R. Hinrichs sold 40,000 shares of Ford Motor stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $11.34, for a total transaction of $453,600.00. Following the transaction, the insider now directly owns 532,435 shares of the company’s stock, valued at $6,037,812.90. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP John T. Lawler sold 80,624 shares of Ford Motor stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $11.00, for a total transaction of $886,864.00. Following the transaction, the vice president now directly owns 10 shares in the company, valued at $110. The disclosure for this sale can be found here. Over the last three months, insiders have sold 217,700 shares of company stock worth $2,486,044. Insiders own 1.08% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Balentine LLC boosted its position in shares of Ford Motor by 2.6% during the first quarter. Balentine LLC now owns 9,097 shares of the auto manufacturer’s stock worth $106,000 after purchasing an additional 231 shares in the last quarter. Captrust Financial Advisors bought a new position in shares of Ford Motor during the second quarter worth $106,000. Archford Capital Strategies LLC boosted its position in shares of Ford Motor by 7.8% during the first quarter. Archford Capital Strategies LLC now owns 9,361 shares of the auto manufacturer’s stock worth $109,000 after purchasing an additional 676 shares in the last quarter. Reilly Financial Advisors LLC boosted its position in shares of Ford Motor by 1.5% during the second quarter. Reilly Financial Advisors LLC now owns 9,856 shares of the auto manufacturer’s stock worth $110,000 after purchasing an additional 150 shares in the last quarter. Finally, Kelman Lazarov Inc. bought a new position in shares of Ford Motor during the second quarter worth $116,000. 54.22% of the stock is currently owned by institutional investors.
Ford Motor Company Profile
Ford Motor Company is a global automotive and mobility company. The Company’s business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles. The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations.
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