Zacks: Analysts Anticipate Ford Motor (F) Will Announce Quarterly Sales of $37.15 Billion
Brokerages expect Ford Motor (NYSE:F) to post $37.15 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Ford Motor’s earnings, with the lowest sales estimate coming in at $36.76 billion and the highest estimate coming in at $37.80 billion. Ford Motor reported sales of $36.00 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 3.2%. The business is scheduled to announce its next quarterly earnings report after the market closes on Wednesday, January 24th.
According to Zacks, analysts expect that Ford Motor will report full year sales of $37.15 billion for the current year, with estimates ranging from $142.72 billion to $145.26 billion. For the next year, analysts anticipate that the business will post sales of $143.43 billion per share, with estimates ranging from $138.51 billion to $148.89 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Ford Motor.
Ford Motor (NYSE:F) last announced its quarterly earnings data on Thursday, October 26th. The auto manufacturer reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.10. Ford Motor had a return on equity of 21.62% and a net margin of 2.91%. The firm had revenue of $33.65 billion during the quarter, compared to analysts’ expectations of $32.80 billion. During the same quarter last year, the firm posted $0.26 earnings per share. The company’s revenue for the quarter was up .9% compared to the same quarter last year.
Shares of Ford Motor (F) opened at $12.02 on Tuesday. The company has a quick ratio of 1.08, a current ratio of 1.19 and a debt-to-equity ratio of 2.94. Ford Motor has a one year low of $10.47 and a one year high of $13.48. The company has a market capitalization of $47,750.00, a P/E ratio of 10.93, a price-to-earnings-growth ratio of 0.71 and a beta of 1.26.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Tuesday, January 30th will be issued a dividend of $0.15 per share. The ex-dividend date is Monday, January 29th. This represents a $0.60 dividend on an annualized basis and a yield of 4.99%. Ford Motor’s dividend payout ratio (DPR) is currently 54.55%.
In other Ford Motor news, insider Hau N. Thai-Tang sold 19,000 shares of the business’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $12.50, for a total value of $237,500.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Hau N. Thai-Tang sold 18,000 shares of the business’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $13.00, for a total value of $234,000.00. Following the completion of the sale, the insider now owns 14,358 shares in the company, valued at $186,654. The disclosure for this sale can be found here. Insiders have sold 47,752 shares of company stock worth $603,965 over the last quarter. 1.08% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. BlueMountain Capital Management LLC raised its stake in shares of Ford Motor by 92.9% in the second quarter. BlueMountain Capital Management LLC now owns 198,047 shares of the auto manufacturer’s stock valued at $2,216,000 after buying an additional 95,361 shares during the period. Pzena Investment Management LLC raised its stake in shares of Ford Motor by 6.7% in the third quarter. Pzena Investment Management LLC now owns 25,409,816 shares of the auto manufacturer’s stock valued at $304,155,000 after buying an additional 1,597,098 shares during the period. Advisors Capital Management LLC raised its stake in shares of Ford Motor by 21.2% in the third quarter. Advisors Capital Management LLC now owns 483,120 shares of the auto manufacturer’s stock valued at $5,783,000 after buying an additional 84,375 shares during the period. Chevy Chase Trust Holdings Inc. raised its stake in shares of Ford Motor by 1.7% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 3,748,158 shares of the auto manufacturer’s stock valued at $44,865,000 after buying an additional 64,036 shares during the period. Finally, Strs Ohio raised its stake in shares of Ford Motor by 3.8% in the third quarter. Strs Ohio now owns 3,416,273 shares of the auto manufacturer’s stock valued at $40,892,000 after buying an additional 125,660 shares during the period. Hedge funds and other institutional investors own 54.08% of the company’s stock.
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About Ford Motor
Ford Motor Company is a global automotive and mobility company. The Company’s business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles. The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations.
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