Ford Motor (NYSE:F) Announces Earnings Results

Ford Motor (NYSE:F) posted its quarterly earnings results on Wednesday. The auto manufacturer reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.21), Briefing.com reports. The business had revenue of $47.81 billion for the quarter, compared to the consensus estimate of $47.79 billion. Ford Motor had a net margin of 2.21% and a return on equity of 17.63%. Ford Motor’s revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.72 earnings per share.

Ford Motor Stock Down 18.1 %

Shares of F stock traded down $2.47 during trading hours on Thursday, reaching $11.20. 238,718,370 shares of the company’s stock were exchanged, compared to its average volume of 53,063,688. The company has a current ratio of 1.17, a quick ratio of 0.99 and a debt-to-equity ratio of 2.32. The stock’s 50 day moving average is $12.59 and its 200-day moving average is $12.42. Ford Motor has a fifty-two week low of $9.63 and a fifty-two week high of $14.85. The company has a market cap of $44.71 billion, a price-to-earnings ratio of 11.65, a P/E/G ratio of 0.89 and a beta of 1.62.

Ford Motor Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Wednesday, August 7th will be issued a dividend of $0.15 per share. The ex-dividend date is Wednesday, August 7th. This represents a $0.60 dividend on an annualized basis and a yield of 5.36%. Ford Motor’s dividend payout ratio is currently 61.86%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on F. UBS Group lifted their target price on Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Thursday, April 25th. Barclays reduced their target price on Ford Motor from $17.00 to $16.00 and set an “overweight” rating on the stock in a report on Thursday. Royal Bank of Canada lifted their target price on Ford Motor from $12.00 to $13.00 and gave the stock a “sector perform” rating in a report on Thursday, April 25th. The Goldman Sachs Group reduced their target price on Ford Motor from $14.00 to $12.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, Sanford C. Bernstein began coverage on Ford Motor in a report on Thursday, May 23rd. They issued an “outperform” rating and a $16.00 target price on the stock. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Ford Motor currently has an average rating of “Hold” and a consensus price target of $13.95.

Insider Buying and Selling at Ford Motor

In other Ford Motor news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the company’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $12.09, for a total value of $982,119.06. Following the sale, the director now directly owns 168,601 shares of the company’s stock, valued at $2,038,386.09. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.80% of the stock is owned by corporate insiders.

About Ford Motor

Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company 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.