Erste Group Bank Weighs in on General Motors FY2026 Earnings

General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) – Analysts at Erste Group Bank upped their FY2026 earnings per share (EPS) estimates for shares of General Motors in a note issued to investors on Thursday, August 27th. Erste Group Bank analyst S. Lingnau now anticipates that the auto manufacturer will earn $13.45 per share for the year, up from their previous estimate of $13.40. The consensus estimate for General Motors’ current full-year earnings is $13.29 per share. Erste Group Bank also issued estimates for General Motors’ FY2027 earnings at $15.07 EPS.

Several other analysts have also recently issued reports on GM. Morgan Stanley upped their price objective on shares of General Motors from $100.00 to $101.00 and gave the company an “overweight” rating in a research note on Wednesday, July 22nd. UBS Group reissued a “buy” rating on shares of General Motors in a research note on Wednesday, June 10th. Royal Bank Of Canada boosted their target price on General Motors from $94.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $100.00 price target on shares of General Motors in a research report on Wednesday, July 22nd. Finally, Wedbush reaffirmed an “outperform” rating and issued a $95.00 price target on shares of General Motors in a report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $101.41.

View Our Latest Research Report on General Motors

General Motors Price Performance

Shares of NYSE GM opened at $86.26 on Monday. The firm has a 50-day simple moving average of $82.66 and a 200-day simple moving average of $79.67. The company has a quick ratio of 0.97, a current ratio of 1.14 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $75.69 billion, a price-to-earnings ratio of 43.57, a price-to-earnings-growth ratio of 0.39 and a beta of 1.30. General Motors has a 52 week low of $54.33 and a 52 week high of $91.85.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last announced its quarterly earnings data on Tuesday, July 21st. The auto manufacturer reported $3.57 earnings per share for the quarter, beating analysts’ consensus estimates of $3.19 by $0.38. General Motors had a return on equity of 18.18% and a net margin of 1.05%.The company had revenue of $48.03 billion for the quarter, compared to analyst estimates of $47.01 billion. During the same quarter last year, the firm posted $2.53 EPS. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS.

General Motors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Friday, September 4th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, September 4th. General Motors’s payout ratio is presently 36.36%.

Insiders Place Their Bets

In other General Motors news, CAO Christopher Hatto sold 6,895 shares of the firm’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $90.00, for a total transaction of $620,550.00. Following the completion of the sale, the chief accounting officer owned 18,899 shares of the company’s stock, valued at $1,700,910. This trade represents a 26.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mary T. Barra sold 318,448 shares of General Motors stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $90.38, for a total value of $28,781,330.24. Following the completion of the sale, the chief executive officer owned 428,994 shares in the company, valued at $38,772,477.72. This represents a 42.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 669,486 shares of company stock worth $59,205,537. 0.44% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On General Motors

A number of hedge funds have recently modified their holdings of the business. California State Teachers Retirement System raised its holdings in General Motors by 7,719.0% in the 2nd quarter. California State Teachers Retirement System now owns 107,671,896 shares of the auto manufacturer’s stock valued at $8,299,350,000 after buying an additional 106,294,840 shares during the period. BlackRock Inc. purchased a new position in General Motors during the second quarter worth about $5,958,995,000. Norges Bank acquired a new stake in shares of General Motors during the fourth quarter valued at about $918,724,000. Bank of America Corp DE acquired a new stake in shares of General Motors during the second quarter valued at about $629,465,000. Finally, Legal & General Group Plc purchased a new stake in shares of General Motors in the 2nd quarter valued at approximately $599,066,000. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

General Motors News Roundup

Here are the key news stories impacting General Motors this week:

About General Motors

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General Motors Company (NYSE: GM) is a global automotive manufacturer headquartered in Detroit, Michigan, that designs, builds and sells cars, trucks, crossovers and electric vehicles, and provides related parts and services. Founded in 1908, GM has long been one of the world’s largest automakers and has evolved into a multi-brand company whose primary marques include Chevrolet, GMC, Cadillac and Buick. Beyond vehicle manufacturing, GM’s operations encompass vehicle financing, connected services and advanced mobility initiatives.

GM develops and markets a broad portfolio of products and technologies, including internal-combustion and battery-electric vehicles, vehicle components and on-board connectivity services.

Further Reading

Earnings History and Estimates for General Motors (NYSE:GM)

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