Ford Motor (F) Expected to Announce Quarterly Sales of $35.69 Billion

Analysts expect that Ford Motor (NYSE:F) will report sales of $35.69 billion for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Ford Motor’s earnings. The lowest sales estimate is $34.18 billion and the highest is $37.55 billion. Ford Motor posted sales of $35.91 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 0.6%. The company is expected to announce its next quarterly earnings report on Wednesday, July 24th.

According to Zacks, analysts expect that Ford Motor will report full-year sales of $146.35 billion for the current fiscal year, with estimates ranging from $143.28 billion to $150.59 billion. For the next year, analysts forecast that the company will report sales of $147.02 billion, with estimates ranging from $143.12 billion to $153.50 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Ford Motor.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Thursday, April 25th. The auto manufacturer reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.18. The firm had revenue of $40.34 billion during the quarter, compared to analyst estimates of $37.37 billion. Ford Motor had a return on equity of 14.41% and a net margin of 1.94%. Ford Motor’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.43 EPS.

Several research firms have recently issued reports on F. Jefferies Financial Group raised Ford Motor to a “buy” rating and lifted their price target for the stock from $11.00 to $12.50 in a research report on Tuesday, April 30th. Zacks Investment Research raised Ford Motor from a “hold” rating to a “strong-buy” rating and set a $12.00 target price for the company in a research report on Tuesday, April 30th. ValuEngine raised Ford Motor from a “sell” rating to a “hold” rating in a research report on Wednesday, May 8th. Citigroup reissued a “reduce” rating on shares of Ford Motor in a research report on Wednesday, April 10th. Finally, Nomura lowered Ford Motor from a “neutral” rating to a “reduce” rating and decreased their target price for the stock from $8.20 to $7.50 in a research report on Friday, April 5th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $10.48.

In other Ford Motor news, Director John C. Lechleiter purchased 10,000 shares of Ford Motor stock in a transaction dated Friday, May 10th. The stock was purchased at an average price of $10.32 per share, with a total value of $103,200.00. Following the transaction, the director now directly owns 55,000 shares of the company’s stock, valued at $567,600. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, VP Catherine A. O’callaghan sold 53,000 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $10.33, for a total transaction of $547,490.00. Following the sale, the vice president now directly owns 48,275 shares of the company’s stock, valued at approximately $498,680.75. The disclosure for this sale can be found here. 0.83% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in F. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of Ford Motor by 25.4% during the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 1,146,997 shares of the auto manufacturer’s stock valued at $10,071,000 after acquiring an additional 232,639 shares during the last quarter. Columbia Asset Management boosted its position in shares of Ford Motor by 25.3% during the 4th quarter. Columbia Asset Management now owns 83,306 shares of the auto manufacturer’s stock valued at $637,000 after acquiring an additional 16,802 shares during the last quarter. Norges Bank bought a new position in shares of Ford Motor during the 4th quarter valued at approximately $161,692,000. Frontier Investment Mgmt Co. raised its holdings in Ford Motor by 4.7% during the 4th quarter. Frontier Investment Mgmt Co. now owns 55,802 shares of the auto manufacturer’s stock valued at $427,000 after buying an additional 2,504 shares during the period. Finally, GSA Capital Partners LLP purchased a new stake in Ford Motor during the 4th quarter valued at $4,001,000. 52.73% of the stock is owned by hedge funds and other institutional investors.

F opened at $9.85 on Tuesday. The company has a quick ratio of 1.10, a current ratio of 1.22 and a debt-to-equity ratio of 2.82. The stock has a market capitalization of $40.69 billion, a PE ratio of 7.58, a P/E/G ratio of 1.02 and a beta of 1.12. Ford Motor has a 1 year low of $7.41 and a 1 year high of $12.15.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, April 24th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 6.09%. The ex-dividend date of this dividend is Tuesday, April 23rd. Ford Motor’s dividend payout ratio (DPR) is 46.15%.

Ford Motor Company Profile

Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to 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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