Ford Motor Co. (F) Forecasted to Post Q3 2016 Earnings of $0.23 Per Share
Ford Motor Co. (NYSE:F) – Analysts at Jefferies Group issued their Q3 2016 EPS estimates for Ford Motor in a research note issued to investors on Friday. Jefferies Group analyst P. Houchois anticipates that the firm will post earnings of $0.23 per share for the quarter. Jefferies Group currently has a “Sell” rating on the stock. Jefferies Group also issued estimates for Ford Motor’s FY2016 earnings at $1.81 EPS.
Ford Motor (NYSE:F) last issued its earnings results on Thursday, July 28th. The auto manufacturer reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.60 by $0.08. Ford Motor had a return on equity of 30.49% and a net margin of 5.35%. The company had revenue of $39.50 million for the quarter, compared to the consensus estimate of $36.29 billion. During the same quarter last year, the business posted $0.47 EPS. Ford Motor’s quarterly revenue was up 5.4% on a year-over-year basis.
F has been the subject of several other reports. JPMorgan Chase & Co. dropped their price objective on Ford Motor from $17.00 to $16.00 and set an “overweight” rating for the company in a research report on Friday, July 29th. Deutsche Bank AG restated a “hold” rating and set a $13.00 price objective on shares of Ford Motor in a research report on Friday, September 16th. Vetr upgraded Ford Motor from a “buy” rating to a “strong-buy” rating and set a $14.18 price objective for the company in a research report on Monday, June 27th. Barclays PLC reaffirmed an “equal weight” rating and issued a $12.00 target price on shares of Ford Motor in a report on Monday, September 12th. Finally, Goldman Sachs Group Inc. set a $15.00 target price on Ford Motor and gave the stock a “buy” rating in a report on Thursday, July 7th. Five analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $14.06.
Ford Motor (NYSE:F) opened at 11.99 on Monday. The firm’s 50-day moving average price is $12.29 and its 200-day moving average price is $12.88. Ford Motor has a one year low of $11.02 and a one year high of $15.84. The company has a market cap of $47.64 billion, a PE ratio of 5.66 and a beta of 1.27.
In other news, insider Sankar S. Nair sold 82,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 4th. The stock was sold at an average price of $12.11, for a total value of $993,020.00. Following the transaction, the insider now owns 32,969 shares in the company, valued at $399,254.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John C. Lechleiter bought 5,000 shares of the company’s stock in a transaction dated Monday, August 8th. The stock was bought at an average price of $12.26 per share, for a total transaction of $61,300.00. Following the acquisition, the director now directly owns 25,000 shares of the company’s stock, valued at $306,500. The disclosure for this purchase can be found here. 1.10% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of F. Carroll Financial Associates Inc. raised its position in Ford Motor by 1.4% in the third quarter. Carroll Financial Associates Inc. now owns 12,806 shares of the auto manufacturer’s stock worth $154,000 after buying an additional 177 shares in the last quarter. Fisher Asset Management LLC raised its position in Ford Motor by 0.7% in the third quarter. Fisher Asset Management LLC now owns 863,225 shares of the auto manufacturer’s stock worth $10,419,000 after buying an additional 6,003 shares in the last quarter. Naples Global Advisors LLC raised its position in Ford Motor by 13.4% in the third quarter. Naples Global Advisors LLC now owns 82,065 shares of the auto manufacturer’s stock worth $991,000 after buying an additional 9,700 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in Ford Motor by 121.8% in the third quarter. Oregon Public Employees Retirement Fund now owns 2,070,314 shares of the auto manufacturer’s stock worth $24,989,000 after buying an additional 1,137,079 shares in the last quarter. Finally, Canal Capital Management LLC bought a new position in Ford Motor during the third quarter worth $1,087,000. Institutional investors own 56.05% of the company’s stock.
Ford Motor Company Profile
Ford Motor Company (Ford) is a global automotive and mobility company. The Company’s principal business includes designing, manufacturing, marketing, financing, and servicing a line of Ford cars, trucks, sports utility vehicles (SUVs), and electrified vehicles, as well as Lincoln luxury vehicles. The Company operates in two sectors: Automotive and Financial Services.
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