Ford Motor (NYSE:F) Expected to Post Quarterly Sales of $21.33 Billion


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Wall Street analysts expect Ford Motor (NYSE:F) to announce $21.33 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Ford Motor’s earnings, with the highest sales estimate coming in at $22.76 billion and the lowest estimate coming in at $19.90 billion. Ford Motor reported sales of $16.62 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 28.3%. The company is scheduled to issue its next earnings results on Thursday, July 29th.

On average, analysts expect that Ford Motor will report full-year sales of $127.28 billion for the current financial year, with estimates ranging from $126.02 billion to $128.66 billion. For the next fiscal year, analysts anticipate that the company will post sales of $150.15 billion, with estimates ranging from $139.47 billion to $156.20 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Ford Motor.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Tuesday, April 27th. The auto manufacturer reported $0.89 EPS for the quarter, beating the consensus estimate of $0.16 by $0.73. Ford Motor had a negative net margin of 0.12% and a positive return on equity of 2.48%. The business had revenue of $33.55 billion for the quarter, compared to analysts’ expectations of $32.72 billion. During the same period in the previous year, the company posted ($0.23) EPS. Ford Motor’s revenue was up 7.1% on a year-over-year basis.

Several equities analysts have recently commented on the stock. Evercore ISI boosted their price target on shares of Ford Motor from $11.00 to $13.00 and gave the company an “in-line” rating in a report on Wednesday, April 14th. They noted that the move was a valuation call. Argus raised shares of Ford Motor from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Tuesday, February 9th. TheStreet upgraded Ford Motor from a “c” rating to a “b-” rating in a report on Wednesday, April 28th. Benchmark boosted their price target on Ford Motor from $12.00 to $14.00 and gave the stock a “buy” rating in a research report on Friday, February 5th. Finally, Wolfe Research raised Ford Motor from a “peer perform” rating to an “outperform” rating and boosted their price target for the stock from $13.00 to $15.00 in a research report on Wednesday, April 28th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $11.66.

In related news, insider Hau N. Thai-Tang sold 90,000 shares of the business’s stock in a transaction dated Wednesday, March 10th. The stock was sold at an average price of $12.87, for a total transaction of $1,158,300.00. Following the transaction, the insider now directly owns 727,651 shares in the company, valued at $9,364,868.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.91% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its stake in Ford Motor by 2.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 40,721,289 shares of the auto manufacturer’s stock valued at $357,986,000 after acquiring an additional 925,484 shares during the period. Norges Bank bought a new stake in shares of Ford Motor in the 4th quarter valued at approximately $346,847,000. Morgan Stanley grew its stake in shares of Ford Motor by 18.5% in the 4th quarter. Morgan Stanley now owns 25,399,476 shares of the auto manufacturer’s stock valued at $223,261,000 after purchasing an additional 3,958,893 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Ford Motor by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 23,126,970 shares of the auto manufacturer’s stock valued at $203,287,000 after purchasing an additional 151,736 shares during the period. Finally, Greenhaven Associates Inc. grew its stake in shares of Ford Motor by 1.5% in the 4th quarter. Greenhaven Associates Inc. now owns 19,458,550 shares of the auto manufacturer’s stock valued at $171,041,000 after purchasing an additional 296,640 shares during the period. Hedge funds and other institutional investors own 48.81% of the company’s stock.

Shares of Ford Motor stock traded down $0.30 on Friday, hitting $11.33. 1,558,219 shares of the company traded hands, compared to its average volume of 77,757,680. The company has a 50-day moving average price of $12.32 and a 200 day moving average price of $10.41. The company has a quick ratio of 1.09, a current ratio of 1.20 and a debt-to-equity ratio of 3.20. Ford Motor has a 12-month low of $4.52 and a 12-month high of $13.62. The company has a market cap of $45.08 billion, a PE ratio of -290.75, a PEG ratio of 1.38 and a beta of 1.27.

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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