Brokerages Expect Ford Motor (NYSE:F) Will Announce Quarterly Sales of $34.17 Billion

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Brokerages expect that Ford Motor (NYSE:F) will report sales of $34.17 billion for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Ford Motor’s earnings, with the lowest sales estimate coming in at $33.25 billion and the highest estimate coming in at $34.93 billion. Ford Motor posted sales of $34.66 billion in the same quarter last year, which suggests a negative year-over-year growth rate of 1.4%. The company is scheduled to announce its next quarterly earnings results after the market closes on Wednesday, October 23rd.

According to Zacks, analysts expect that Ford Motor will report full year sales of $144.94 billion for the current year, with estimates ranging from $143.40 billion to $146.62 billion. For the next year, analysts anticipate that the firm will post sales of $144.86 billion, with estimates ranging from $139.21 billion to $153.50 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Ford Motor.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, July 24th. The auto manufacturer reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. Ford Motor had a return on equity of 14.92% and a net margin of 1.37%. The business had revenue of $35.91 billion for the quarter, compared to the consensus estimate of $35.21 billion. During the same period in the prior year, the business posted $0.27 earnings per share. The company’s quarterly revenue was up .4% compared to the same quarter last year.

A number of research firms have recently commented on F. Buckingham Research cut their target price on Ford Motor from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 1st. Credit Suisse Group cut Ford Motor to an “outperform” rating and set a $12.00 target price on the stock. in a research note on Wednesday, September 11th. Morgan Stanley set a $12.00 target price on Ford Motor and gave the company a “buy” rating in a research note on Friday, September 27th. Bank of America cut Ford Motor to a “buy” rating and set a $13.00 target price on the stock. in a research note on Tuesday, September 10th. Finally, ValuEngine raised Ford Motor from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. Four research analysts have rated the stock with a sell rating, five have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $10.30.

In related news, CEO James P. Hackett sold 20,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $9.16, for a total value of $183,200.00. Following the transaction, the chief executive officer now owns 174,575 shares of the company’s stock, valued at $1,599,107. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Kiersten Robinson sold 15,000 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $10.50, for a total value of $157,500.00. Following the completion of the transaction, the insider now directly owns 51,027 shares in the company, valued at approximately $535,783.50. The disclosure for this sale can be found here. In the last three months, insiders sold 145,000 shares of company stock worth $1,355,250. 0.83% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in the stock. West Oak Capital LLC lifted its holdings in shares of Ford Motor by 46.3% during the 2nd quarter. West Oak Capital LLC now owns 3,579 shares of the auto manufacturer’s stock valued at $37,000 after purchasing an additional 1,132 shares during the last quarter. Citizens Financial Group Inc RI lifted its holdings in shares of Ford Motor by 63.6% during the 2nd quarter. Citizens Financial Group Inc RI now owns 3,601 shares of the auto manufacturer’s stock valued at $37,000 after purchasing an additional 1,400 shares during the last quarter. Larson Financial Group LLC lifted its holdings in shares of Ford Motor by 117.1% during the 3rd quarter. Larson Financial Group LLC now owns 4,125 shares of the auto manufacturer’s stock valued at $38,000 after purchasing an additional 2,225 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of Ford Motor during the 2nd quarter valued at $39,000. Finally, Pinebridge Investments L.P. purchased a new stake in shares of Ford Motor during the 2nd quarter valued at $46,000. 53.78% of the stock is currently owned by institutional investors.

Shares of F traded up $0.21 during mid-day trading on Friday, reaching $8.83. 21,974,332 shares of the company’s stock traded hands, compared to its average volume of 33,180,516. The stock has a market cap of $35.14 billion, a P/E ratio of 6.79, a P/E/G ratio of 0.93 and a beta of 1.10. The stock’s 50-day moving average is $9.07 and its two-hundred day moving average is $9.58. Ford Motor has a 12 month low of $7.41 and a 12 month high of $10.56. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.20 and a quick ratio of 1.08.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, October 22nd will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 6.80%. Ford Motor’s dividend payout ratio (DPR) is currently 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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