Analysts Expect General Motors (GM) to Announce $1.23 Earnings Per Share

Wall Street brokerages expect General Motors (NYSE:GM) (TSE:GMM.U) to post earnings of $1.23 per share for the current quarter, according to Zacks. Four analysts have issued estimates for General Motors’ earnings, with the lowest EPS estimate coming in at $1.02 and the highest estimate coming in at $1.49. General Motors reported earnings per share of $1.32 in the same quarter last year, which suggests a negative year-over-year growth rate of 6.8%. The business is scheduled to report its next quarterly earnings results before the market opens on Wednesday, October 31st.

On average, analysts expect that General Motors will report full year earnings of $5.95 per share for the current financial year, with EPS estimates ranging from $5.46 to $6.10. For the next fiscal year, analysts expect that the company will post earnings of $5.69 per share, with EPS estimates ranging from $4.02 to $6.75. Zacks’ EPS averages are a mean average based on a survey of research firms that cover General Motors.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Wednesday, July 25th. The auto manufacturer reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.03. The company had revenue of $36.80 billion during the quarter, compared to analysts’ expectations of $36.62 billion. General Motors had a positive return on equity of 23.39% and a negative net margin of 3.26%. General Motors’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.89 EPS.

A number of equities analysts recently weighed in on GM shares. Citigroup reduced their price target on General Motors to $60.00 and set a “buy” rating for the company in a report on Thursday, July 26th. Morgan Stanley reduced their price target on General Motors from $50.00 to $46.00 and set an “overweight” rating for the company in a report on Friday, August 17th. Zacks Investment Research cut General Motors from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 5th. Goldman Sachs Group set a $36.00 price target on General Motors and gave the stock a “neutral” rating in a report on Tuesday, September 11th. Finally, Bank of America reiterated a “buy” rating and set a $60.00 price objective on shares of General Motors in a research note on Wednesday, September 12th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the stock. General Motors currently has an average rating of “Hold” and an average price target of $46.83.

NYSE GM opened at $31.08 on Friday. The stock has a market capitalization of $47.50 billion, a P/E ratio of 4.69, a price-to-earnings-growth ratio of 0.69 and a beta of 1.55. General Motors has a twelve month low of $30.97 and a twelve month high of $46.76. The company has a quick ratio of 0.74, a current ratio of 0.88 and a debt-to-equity ratio of 1.81.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 21st. Shareholders of record on Friday, September 7th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, September 6th. This represents a $1.52 annualized dividend and a yield of 4.89%. General Motors’s dividend payout ratio (DPR) is currently 22.96%.

A number of large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its position in shares of General Motors by 0.6% in the second quarter. Dimensional Fund Advisors LP now owns 14,890,898 shares of the auto manufacturer’s stock valued at $586,820,000 after purchasing an additional 81,468 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of General Motors by 20.0% in the second quarter. Bank of New York Mellon Corp now owns 14,355,956 shares of the auto manufacturer’s stock valued at $565,624,000 after purchasing an additional 2,394,922 shares in the last quarter. Northern Trust Corp grew its position in shares of General Motors by 0.3% in the second quarter. Northern Trust Corp now owns 13,720,539 shares of the auto manufacturer’s stock valued at $540,590,000 after purchasing an additional 43,643 shares in the last quarter. LSV Asset Management grew its position in General Motors by 4.9% in the second quarter. LSV Asset Management now owns 11,743,616 shares of the auto manufacturer’s stock worth $462,698,000 after acquiring an additional 543,631 shares during the period. Finally, Ashler Capital LLC grew its position in General Motors by 14.7% in the second quarter. Ashler Capital LLC now owns 6,365,080 shares of the auto manufacturer’s stock worth $250,784,000 after acquiring an additional 816,602 shares during the period. Institutional investors own 75.22% of the company’s stock.

About General Motors

General Motors Company, together with its subsidiaries, designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.

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