$35.48 Billion in Sales Expected for General Motors (GM) This Quarter
Wall Street analysts predict that General Motors (NYSE:GM) (TSE:GMM.U) will report sales of $35.48 billion for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for General Motors’ earnings, with estimates ranging from $34.82 billion to $36.24 billion. General Motors reported sales of $33.62 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 5.5%. The company is scheduled to issue its next earnings report on Tuesday, October 23rd.
According to Zacks, analysts expect that General Motors will report full year sales of $145.57 billion for the current fiscal year, with estimates ranging from $143.45 billion to $147.15 billion. For the next financial year, analysts expect that the company will post sales of $147.15 billion per share, with estimates ranging from $144.88 billion to $150.25 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover General Motors.
General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Wednesday, July 25th. The auto manufacturer reported $1.81 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.78 by $0.03. General Motors had a positive return on equity of 23.39% and a negative net margin of 3.26%. The business had revenue of $36.80 billion during the quarter, compared to analysts’ expectations of $36.62 billion. During the same period in the prior year, the business earned $1.89 EPS. The business’s revenue for the quarter was down .5% compared to the same quarter last year.
A number of large investors have recently made changes to their positions in the stock. Reliance Trust Co. of Delaware increased its position in General Motors by 17.5% during the 2nd quarter. Reliance Trust Co. of Delaware now owns 9,679 shares of the auto manufacturer’s stock valued at $382,000 after buying an additional 1,439 shares in the last quarter. BKD Wealth Advisors LLC increased its position in General Motors by 1.9% during the 1st quarter. BKD Wealth Advisors LLC now owns 78,623 shares of the auto manufacturer’s stock valued at $2,857,000 after buying an additional 1,445 shares in the last quarter. Wayne Hummer Investments L.L.C. increased its position in General Motors by 4.3% during the 1st quarter. Wayne Hummer Investments L.L.C. now owns 36,652 shares of the auto manufacturer’s stock valued at $1,332,000 after buying an additional 1,526 shares in the last quarter. Princeton Capital Management LLC increased its position in General Motors by 25.2% during the 1st quarter. Princeton Capital Management LLC now owns 7,652 shares of the auto manufacturer’s stock valued at $278,000 after buying an additional 1,540 shares in the last quarter. Finally, Stellar Capital Management LLC increased its position in General Motors by 3.1% during the 2nd quarter. Stellar Capital Management LLC now owns 52,472 shares of the auto manufacturer’s stock valued at $2,067,000 after buying an additional 1,555 shares in the last quarter. 73.79% of the stock is currently owned by institutional investors.
Shares of NYSE GM opened at $36.36 on Friday. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.88 and a quick ratio of 0.74. The firm has a market cap of $53.18 billion, a P/E ratio of 5.49, a P/E/G ratio of 0.77 and a beta of 1.59. General Motors has a 1-year low of $34.50 and a 1-year high of $46.76.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 21st. Investors of record on Friday, September 7th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 4.18%. The ex-dividend date of this dividend is Thursday, September 6th. General Motors’s dividend payout ratio is currently 22.96%.
General Motors Company Profile
General Motors Company, together with its subsidiaries, designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.
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