General Motors Expected to Earn Q1 2019 Earnings of $1.13 Per Share (NYSE:GM)

General Motors (NYSE:GM) (TSE:GMM.U) – Stock analysts at Seaport Global Securities reduced their Q1 2019 earnings per share estimates for shares of General Motors in a report issued on Monday, March 25th, according to Zacks Investment Research. Seaport Global Securities analyst M. Ward now anticipates that the auto manufacturer will post earnings per share of $1.13 for the quarter, down from their prior estimate of $1.48. Seaport Global Securities currently has a “Buy” rating on the stock.

GM has been the subject of several other reports. Zacks Investment Research downgraded General Motors from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 10th. Citigroup lifted their target price on shares of General Motors to $67.00 and gave the stock a “buy” rating in a research note on Friday, February 8th. Royal Bank of Canada lifted their target price on shares of General Motors from $50.00 to $52.00 and gave the stock an “outperform” rating in a research note on Thursday, February 7th. Barclays reaffirmed a “buy” rating and issued a $49.00 target price on shares of General Motors in a research note on Monday, January 14th. Finally, Goldman Sachs Group set a $38.00 target price on shares of General Motors and gave the stock a “hold” rating in a research note on Monday, January 14th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $47.20.

Shares of GM stock traded up $0.31 during midday trading on Thursday, reaching $40.30. 10,678,039 shares of the company traded hands, compared to its average volume of 6,866,785. General Motors has a 1-year low of $30.56 and a 1-year high of $45.00. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 1.71. The company has a market cap of $56.80 billion, a price-to-earnings ratio of 6.16, a PEG ratio of 0.70 and a beta of 1.27.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Wednesday, February 6th. The auto manufacturer reported $1.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.22. General Motors had a net margin of 5.45% and a return on equity of 23.99%. The company had revenue of $38.40 billion during the quarter, compared to the consensus estimate of $36.31 billion. During the same period last year, the firm earned $1.65 EPS. The company’s revenue for the quarter was up 1.8% on a year-over-year basis.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.52 annualized dividend and a dividend yield of 3.77%. General Motors’s dividend payout ratio is presently 23.24%.

In other General Motors news, VP Christopher Hatto sold 8,499 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $40.00, for a total value of $339,960.00. Following the transaction, the vice president now owns 10,040 shares in the company, valued at approximately $401,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Alan S. Batey sold 70,266 shares of the business’s stock in a transaction on Monday, February 11th. The stock was sold at an average price of $38.39, for a total transaction of $2,697,511.74. Following the completion of the transaction, the insider now owns 205,906 shares in the company, valued at approximately $7,904,731.34. The disclosure for this sale can be found here. Insiders have sold a total of 113,521 shares of company stock valued at $4,337,346 over the last three months. Corporate insiders own 0.39% of the company’s stock.

A number of hedge funds have recently modified their holdings of GM. Strs Ohio raised its stake in shares of General Motors by 6.6% in the 1st quarter. Strs Ohio now owns 1,996,640 shares of the auto manufacturer’s stock valued at $74,075,000 after purchasing an additional 124,150 shares in the last quarter. E&G Advisors LP grew its position in General Motors by 4.6% in the 1st quarter. E&G Advisors LP now owns 33,949 shares of the auto manufacturer’s stock worth $1,260,000 after purchasing an additional 1,493 shares during the last quarter. Unison Advisors LLC grew its position in General Motors by 1.1% in the 1st quarter. Unison Advisors LLC now owns 36,519 shares of the auto manufacturer’s stock worth $1,355,000 after purchasing an additional 400 shares during the last quarter. IFM Investors Pty Ltd grew its position in General Motors by 14.4% in the 1st quarter. IFM Investors Pty Ltd now owns 83,476 shares of the auto manufacturer’s stock worth $3,097,000 after purchasing an additional 10,513 shares during the last quarter. Finally, Northpointe Capital LLC boosted its holdings in shares of General Motors by 7.8% in the first quarter. Northpointe Capital LLC now owns 67,969 shares of the auto manufacturer’s stock valued at $2,522,000 after acquiring an additional 4,906 shares in the last quarter. Hedge funds and other institutional investors own 77.58% of the company’s stock.

About General Motors

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

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