Ford Motor (F) Expected to Post Earnings of $0.33 Per Share

Equities analysts expect Ford Motor (NYSE:F) to announce earnings per share (EPS) of $0.33 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Ford Motor’s earnings, with the lowest EPS estimate coming in at $0.31 and the highest estimate coming in at $0.35. Ford Motor reported earnings of $0.39 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 15.4%. The firm is scheduled to report its next earnings results after the market closes on Wednesday, January 23rd.

On average, analysts expect that Ford Motor will report full year earnings of $1.35 per share for the current year, with EPS estimates ranging from $1.30 to $1.48. For the next financial year, analysts anticipate that the firm will post earnings of $1.26 per share, with EPS estimates ranging from $0.83 to $1.48. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Ford Motor.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, October 24th. The auto manufacturer reported $0.29 EPS for the quarter, topping the consensus estimate of $0.28 by $0.01. Ford Motor had a net margin of 3.88% and a return on equity of 15.48%. The firm had revenue of $34.66 billion during the quarter, compared to analyst estimates of $32.05 billion. During the same quarter in the prior year, the business posted $0.43 earnings per share.

Several equities analysts recently commented on F shares. Citigroup dropped their price target on shares of Ford Motor from $10.50 to $9.90 and set a “neutral” rating for the company in a research report on Monday, September 10th. Barclays dropped their price target on shares of Ford Motor from $12.00 to $11.00 and set an “equal weight” rating for the company in a research report on Wednesday, September 26th. Jefferies Financial Group reaffirmed a “buy” rating and set a $13.00 price target on shares of Ford Motor in a research report on Friday, October 5th. Zacks Investment Research lowered shares of Ford Motor from a “hold” rating to a “sell” rating in a research report on Monday, October 8th. Finally, Morgan Stanley lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $14.00 to $10.00 in a research report on Friday, October 19th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $11.16.

In other news, Director Ray T. Charley bought 4,000 shares of the firm’s stock in a transaction dated Monday, October 29th. The stock was acquired at an average cost of $12.90 per share, for a total transaction of $51,600.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.95% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the company. Belpointe Asset Management LLC boosted its stake in Ford Motor by 8.6% during the 3rd quarter. Belpointe Asset Management LLC now owns 34,045 shares of the auto manufacturer’s stock valued at $315,000 after acquiring an additional 2,696 shares during the last quarter. Fulton Bank N.A. boosted its stake in Ford Motor by 19.2% during the 4th quarter. Fulton Bank N.A. now owns 21,757 shares of the auto manufacturer’s stock valued at $167,000 after acquiring an additional 3,500 shares during the last quarter. Csenge Advisory Group bought a new position in Ford Motor during the 3rd quarter valued at $42,000. Integrated Wealth Concepts LLC boosted its stake in Ford Motor by 40.7% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 18,175 shares of the auto manufacturer’s stock valued at $169,000 after acquiring an additional 5,262 shares during the last quarter. Finally, Winthrop Partners WNY LLC boosted its stake in Ford Motor by 2.5% during the 3rd quarter. Winthrop Partners WNY LLC now owns 233,919 shares of the auto manufacturer’s stock valued at $2,164,000 after acquiring an additional 5,625 shares during the last quarter. Institutional investors and hedge funds own 54.05% of the company’s stock.

Shares of F stock opened at $8.09 on Wednesday. Ford Motor has a one year low of $7.41 and a one year high of $13.48. The company has a quick ratio of 1.08, a current ratio of 1.21 and a debt-to-equity ratio of 2.80. The company has a market cap of $32.10 billion, a P/E ratio of 4.54, a P/E/G ratio of 1.21 and a beta of 0.90.

Ford Motor Company Profile

Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles; and Lincoln luxury vehicles worldwide. Its Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to fleet customers, including commercial fleet customers, daily rental car companies, and governments.

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Earnings History and Estimates for Ford Motor (NYSE:F)

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