$37.48 Billion in Sales Expected for Ford Motor Company (F) This Quarter

Analysts expect Ford Motor Company (NYSE:F) to announce sales of $37.48 billion for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Ford Motor Company’s earnings, with the highest sales estimate coming in at $39.06 billion and the lowest estimate coming in at $36.74 billion. Ford Motor Company posted sales of $36.93 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 1.5%. The company is expected to announce its next earnings results on Thursday, July 27th.

According to Zacks, analysts expect that Ford Motor Company will report full year sales of $37.48 billion for the current fiscal year, with estimates ranging from $141.14 billion to $149.19 billion. For the next fiscal year, analysts expect that the company will post sales of $145.78 billion per share, with estimates ranging from $142.12 billion to $150.34 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Ford Motor Company.

Ford Motor Company (NYSE:F) last issued its quarterly earnings data on Thursday, April 27th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.05. The firm had revenue of $36.48 billion during the quarter, compared to analysts’ expectations of $34.62 billion. Ford Motor Company had a return on equity of 23.23% and a net margin of 3.08%. Ford Motor Company’s revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.68 earnings per share.

A number of equities research analysts have recently commented on the company. Vetr downgraded Ford Motor Company from a “strong-buy” rating to a “buy” rating and set a $14.16 price objective for the company. in a research report on Monday, February 27th. Jefferies Group LLC set a $12.00 price objective on Ford Motor Company and gave the company a “hold” rating in a research report on Tuesday, March 14th. Morgan Stanley cut their price objective on Ford Motor Company from $12.00 to $11.00 and set an “underweight” rating for the company in a research report on Tuesday, March 7th. Piper Jaffray Companies reiterated an “overweight” rating and set a $15.00 price objective on shares of Ford Motor Company in a research report on Thursday, March 23rd. Finally, Tigress Financial restated a “buy” rating on shares of Ford Motor Company in a report on Thursday, March 30th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $13.61.

In other Ford Motor Company news, insider Ziad S. Ojakli sold 50,309 shares of the company’s stock in a transaction dated Thursday, March 16th. The shares were sold at an average price of $12.63, for a total transaction of $635,402.67. Following the completion of the sale, the insider now directly owns 292,815 shares in the company, valued at $3,698,253.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman William Clay Ford, Jr. purchased 171,379 shares of the firm’s stock in a transaction on Friday, March 24th. The shares were purchased at an average price of $11.67 per share, with a total value of $1,999,992.93. The disclosure for this purchase can be found here. Corporate insiders own 1.10% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in F. Balentine LLC boosted its stake in Ford Motor Company by 1.8% in the third quarter. Balentine LLC now owns 8,815 shares of the auto manufacturer’s stock worth $106,000 after buying an additional 160 shares during the period. Archford Capital Strategies LLC boosted its stake in Ford Motor Company by 7.8% in the first quarter. Archford Capital Strategies LLC now owns 9,361 shares of the auto manufacturer’s stock worth $109,000 after buying an additional 676 shares during the period. Puplava Financial Services Inc. purchased a new stake in Ford Motor Company during the first quarter worth about $116,000. GWM Advisors LLC purchased a new stake in Ford Motor Company during the first quarter worth about $117,000. Finally, TNB Financial purchased a new stake in Ford Motor Company during the first quarter worth about $119,000. Institutional investors own 54.19% of the company’s stock.

Shares of Ford Motor Company (F) traded down 0.88% during trading on Friday, reaching $11.25. The company had a trading volume of 42,558,570 shares. Ford Motor Company has a 12 month low of $10.67 and a 12 month high of $14.04. The stock has a market capitalization of $44.80 billion, a PE ratio of 11.98 and a beta of 1.02. The stock’s 50-day moving average price is $11.15 and its 200-day moving average price is $12.01.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 1st. Shareholders of record on Thursday, April 20th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.33%. The ex-dividend date of this dividend was Tuesday, April 18th. Ford Motor Company’s payout ratio is 52.63%.

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About Ford Motor Company

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “F”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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