Fiat Chrysler Automobiles (NYSE:FCAU) Posts Earnings Results, Misses Estimates By $0.08 EPS

Fiat Chrysler Automobiles (NYSE:FCAU) issued its quarterly earnings data on Wednesday. The company reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.08), Morningstar.com reports. Fiat Chrysler Automobiles had a net margin of 2.85% and a return on equity of 18.57%. The business had revenue of $26.74 billion for the quarter, compared to analyst estimates of $27.23 billion. During the same quarter in the prior year, the business earned $0.62 earnings per share. The firm’s quarterly revenue was down 3.2% compared to the same quarter last year.

Fiat Chrysler Automobiles stock traded down $0.01 during midday trading on Friday, reaching $12.99. 3,625,895 shares of the stock were exchanged, compared to its average volume of 4,042,333. The firm has a fifty day simple moving average of $13.76. The company has a current ratio of 0.82, a quick ratio of 0.57 and a debt-to-equity ratio of 0.37. The stock has a market cap of $25.42 billion, a price-to-earnings ratio of 3.44, a PEG ratio of 1.54 and a beta of 1.74. Fiat Chrysler Automobiles has a 52 week low of $12.58 and a 52 week high of $18.50.

Institutional investors have recently bought and sold shares of the stock. Sycomore Asset Management purchased a new stake in shares of Fiat Chrysler Automobiles in the 1st quarter valued at $578,000. Capital Asset Advisory Services LLC acquired a new position in Fiat Chrysler Automobiles in the second quarter valued at $376,000. Wedbush Securities Inc. increased its stake in Fiat Chrysler Automobiles by 27.6% in the first quarter. Wedbush Securities Inc. now owns 13,650 shares of the company’s stock valued at $203,000 after purchasing an additional 2,950 shares during the last quarter. Bank of Montreal Can increased its stake in Fiat Chrysler Automobiles by 75.9% in the first quarter. Bank of Montreal Can now owns 651,402 shares of the company’s stock valued at $9,673,000 after purchasing an additional 281,026 shares during the last quarter. Finally, Elgethun Capital Management increased its stake in Fiat Chrysler Automobiles by 1,843.6% in the first quarter. Elgethun Capital Management now owns 233,656 shares of the company’s stock valued at $3,470,000 after purchasing an additional 221,634 shares during the last quarter. 26.58% of the stock is currently owned by institutional investors and hedge funds.

FCAU has been the topic of several analyst reports. ValuEngine cut shares of Fiat Chrysler Automobiles from a “sell” rating to a “strong sell” rating in a report on Thursday, May 9th. Nomura initiated coverage on shares of Fiat Chrysler Automobiles in a report on Wednesday, June 19th. They set a “neutral” rating on the stock. Evercore ISI upgraded shares of Fiat Chrysler Automobiles from an “in-line” rating to an “outperform” rating in a report on Tuesday, May 28th. Goldman Sachs Group initiated coverage on shares of Fiat Chrysler Automobiles in a report on Monday, July 15th. They set a “sell” rating and a $14.18 price target on the stock. Finally, Oddo Securities upgraded shares of Fiat Chrysler Automobiles from a “sell” rating to a “neutral” rating in a report on Tuesday, May 28th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. Fiat Chrysler Automobiles presently has a consensus rating of “Hold” and an average price target of $16.35.

Fiat Chrysler Automobiles Company Profile

Fiat Chrysler Automobiles N.V., together with its subsidiaries, designs, engineers, manufactures, distributes, and sells vehicles, components, and production systems. The company operates through five segments: NAFTA, LATAM, APAC, EMEA, and Maserati. It provides passenger cars, SUV vehicles, trucks, and light commercial vehicles under the Jeep, Ram, Dodge, Chrysler, Fiat, Fiat Professional, Alfa Romeo, and Abarth brands; and luxury vehicles under the Maserati brand, as well as related service parts and accessories, and service contracts under the Mopar brand.

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Earnings History for Fiat Chrysler Automobiles (NYSE:FCAU)

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