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.
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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