Equities research analysts expect General Motors Company (NYSE:GM) (TSE:GMM.U) to report sales of $36.16 billion for the current quarter, according to Zacks. Two analysts have provided estimates for General Motors’ earnings, with the highest sales estimate coming in at $39.45 billion and the lowest estimate coming in at $32.87 billion. General Motors posted sales of $42.83 billion in the same quarter last year, which would indicate a negative year over year growth rate of 15.6%. The firm is scheduled to report its next earnings report before the market opens on Tuesday, October 24th.

According to Zacks, analysts expect that General Motors will report full year sales of $36.16 billion for the current fiscal year, with estimates ranging from $145.33 billion to $165.33 billion. For the next financial year, analysts forecast that the business will report sales of $143.23 billion per share, with estimates ranging from $132.97 billion to $147.52 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for General Motors.

General Motors (NYSE:GM) (TSE:GMM.U) last released its earnings results on Tuesday, July 25th. The auto manufacturer reported $1.89 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.72 by $0.17. The firm had revenue of $36.98 billion during the quarter, compared to analyst estimates of $37.67 billion. General Motors had a return on equity of 22.45% and a net margin of 5.38%. General Motors’s revenue was down 1.1% compared to the same quarter last year. During the same period last year, the business posted $1.86 earnings per share.

A number of brokerages recently weighed in on GM. BidaskClub cut shares of General Motors from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Vetr raised shares of General Motors from a “hold” rating to a “buy” rating and set a $37.42 price objective for the company in a research report on Monday, July 24th. Morgan Stanley started coverage on shares of General Motors in a research report on Wednesday, June 28th. They issued an “overweight” rating and a $40.00 price objective for the company. Royal Bank Of Canada upped their price objective on shares of General Motors from $37.00 to $38.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 26th. Finally, Standpoint Research cut shares of General Motors from a “buy” rating to a “hold” rating in a research report on Thursday, September 14th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, twelve have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $42.50.

General Motors (GM) opened at 45.61 on Friday. The stock has a market capitalization of $66.46 billion, a price-to-earnings ratio of 7.93 and a beta of 1.45. The company has a 50-day moving average price of $41.31 and a 200-day moving average price of $36.27. General Motors has a 12-month low of $30.21 and a 12-month high of $46.11.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 8th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $1.52 annualized dividend and a yield of 3.33%. General Motors’s dividend payout ratio (DPR) is 26.48%.

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In other General Motors news, Director Patricia F. Russo acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were purchased at an average price of $34.73 per share, for a total transaction of $347,300.00. Following the completion of the purchase, the director now directly owns 12,300 shares in the company, valued at $427,179. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Karl-Thomas Neumann sold 234,274 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $34.77, for a total transaction of $8,145,706.98. Following the sale, the insider now owns 234,274 shares in the company, valued at approximately $8,145,706.98. The disclosure for this sale can be found here. In the last quarter, insiders have sold 852,901 shares of company stock worth $32,378,733. 0.04% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GM. YorkBridge Wealth Partners LLC increased its stake in shares of General Motors by 43.5% in the second quarter. YorkBridge Wealth Partners LLC now owns 2,838 shares of the auto manufacturer’s stock valued at $101,000 after purchasing an additional 860 shares during the period. Franklin Parlapiano Turner & Welch LLC acquired a new stake in shares of General Motors in the first quarter valued at approximately $106,000. FNY Managed Accounts LLC acquired a new stake in shares of General Motors in the first quarter valued at approximately $107,000. State of Alaska Department of Revenue increased its stake in shares of General Motors by 10.5% in the second quarter. State of Alaska Department of Revenue now owns 3,249 shares of the auto manufacturer’s stock valued at $113,000 after purchasing an additional 310 shares during the period. Finally, Ffcm LLC increased its stake in shares of General Motors by 2,008.1% in the second quarter. Ffcm LLC now owns 3,373 shares of the auto manufacturer’s stock valued at $120,000 after purchasing an additional 3,213 shares during the period. Hedge funds and other institutional investors own 72.21% of the company’s stock.

About General Motors

General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc (GM Financial). The Company provides automotive financing services through General Motors Financial Company, Inc The Company develops, manufactures and/or markets vehicles in North America under the brands, including Buick, Cadillac, Chevrolet and GMC.

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

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