Zacks: Brokerages Anticipate Ford Motor (NYSE:F) Will Post Earnings of -$0.11 Per Share

Equities research analysts expect that Ford Motor (NYSE:F) will announce ($0.11) earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Ford Motor’s earnings. The highest EPS estimate is $0.34 and the lowest is ($0.52). Ford Motor posted earnings of ($0.35) per share during the same quarter last year, which indicates a positive year over year growth rate of 68.6%. The business is expected to report its next quarterly earnings results after the market closes on Wednesday, July 28th.

According to Zacks, analysts expect that Ford Motor will report full year earnings of $1.24 per share for the current financial year, with EPS estimates ranging from $1.00 to $1.60. For the next year, analysts anticipate that the firm will post earnings of $1.76 per share, with EPS estimates ranging from $1.38 to $2.25. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow Ford Motor.

Ford Motor (NYSE:F) last announced its earnings results on Tuesday, April 27th. The auto manufacturer reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.73. The business had revenue of $33.55 billion for the quarter, compared to analysts’ expectations of $32.72 billion. Ford Motor had a net margin of 3.07% and a return on equity of 19.04%. The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the company posted ($0.23) EPS.

A number of equities analysts have recently commented on the stock. Jefferies Financial Group lifted their target price on shares of Ford Motor from $14.00 to $16.00 and gave the company a “buy” rating in a report on Monday, March 29th. They noted that the move was a valuation call. Wolfe Research raised shares of Ford Motor from a “peer perform” rating to an “outperform” rating and lifted their target price for the company from $13.00 to $15.00 in a report on Thursday, April 22nd. Wells Fargo & Company assumed coverage on shares of Ford Motor in a report on Monday, April 5th. They issued an “overweight” rating and a $15.00 target price on the stock. TheStreet raised shares of Ford Motor from a “c” rating to a “b-” rating in a report on Wednesday, April 28th. Finally, Tudor Pickering initiated coverage on shares of Ford Motor in a research note on Tuesday, May 18th. They issued a “buy” rating and a $17.00 price objective on the stock. Two analysts have rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company’s stock. Ford Motor currently has an average rating of “Hold” and a consensus target price of $14.08.

Shares of Ford Motor stock traded down $0.28 during trading on Thursday, reaching $13.91. The company’s stock had a trading volume of 1,206,944 shares, compared to its average volume of 63,719,816. The stock has a 50-day moving average price of $14.35. The company has a market capitalization of $55.52 billion, a price-to-earnings ratio of 14.33, a PEG ratio of 0.49 and a beta of 1.15. Ford Motor has a fifty-two week low of $6.41 and a fifty-two week high of $16.45. The company has a debt-to-equity ratio of 3.04, a quick ratio of 1.07 and a current ratio of 1.21.

In related news, insider Stuart J. Rowley sold 37,414 shares of the business’s stock in a transaction dated Monday, June 21st. The shares were sold at an average price of $14.82, for a total value of $554,475.48. Following the sale, the insider now directly owns 153,614 shares in the company, valued at approximately $2,276,559.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Kiersten Robinson sold 60,000 shares of the business’s stock in a transaction dated Friday, June 4th. The stock was sold at an average price of $16.20, for a total transaction of $972,000.00. Following the completion of the sale, the insider now owns 109,691 shares in the company, valued at $1,776,994.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 112,414 shares of company stock worth $1,745,775. Corporate insiders own 0.90% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Albion Financial Group UT purchased a new position in Ford Motor in the 4th quarter valued at about $25,000. Alpha DNA Investment Management LLC purchased a new position in Ford Motor in the 4th quarter valued at about $26,000. Childress Capital Advisors LLC purchased a new position in Ford Motor in the 4th quarter valued at about $31,000. CVA Family Office LLC purchased a new position in Ford Motor in the 1st quarter valued at about $31,000. Finally, Lenox Wealth Advisors LLC lifted its holdings in shares of Ford Motor by 2,228.8% during the 1st quarter. Lenox Wealth Advisors LLC now owns 2,585 shares of the auto manufacturer’s stock worth $32,000 after acquiring an additional 2,474 shares during the period. Institutional investors own 51.78% of the company’s stock.

About Ford Motor

Ford Motor Company designs, manufactures, markets, and services a range of Ford trucks, cars, sport utility vehicles, electrified vehicles, and Lincoln luxury 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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