Zacks: Brokerages Anticipate Ford Motor (NYSE:F) Will Post Quarterly Sales of $34.90 Billion
Analysts expect Ford Motor (NYSE:F) to post sales of $34.90 billion for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Ford Motor’s earnings. The lowest sales estimate is $32.54 billion and the highest is $37.55 billion. Ford Motor reported sales of $35.91 billion during the same quarter last year, which would suggest a negative year over year growth rate of 2.8%. The firm is scheduled to announce its next quarterly earnings results after the market closes on Wednesday, July 24th.
On average, analysts expect that Ford Motor will report full year sales of $146.90 billion for the current year, with estimates ranging from $145.33 billion to $150.59 billion. For the next financial year, analysts forecast that the firm will report sales of $147.02 billion, with estimates ranging from $143.12 billion to $153.50 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Ford Motor.
Ford Motor (NYSE:F) last released its quarterly earnings results on Thursday, April 25th. The auto manufacturer reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.18. Ford Motor had a net margin of 1.94% and a return on equity of 14.41%. The firm had revenue of $40.34 billion for the quarter, compared to analysts’ expectations of $37.37 billion. During the same quarter last year, the company earned $0.43 EPS. The firm’s revenue for the quarter was down 3.9% compared to the same quarter last year.
In other Ford Motor news, VP Catherine A. O’callaghan sold 53,000 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $10.33, for a total transaction of $547,490.00. Following the sale, the vice president now directly owns 48,275 shares in the company, valued at $498,680.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John C. Lechleiter purchased 10,000 shares of the business’s stock in a transaction on Friday, May 10th. The shares were acquired at an average price of $10.32 per share, for a total transaction of $103,200.00. Following the completion of the purchase, the director now directly owns 55,000 shares of the company’s stock, valued at $567,600. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 108,000 shares of company stock worth $1,097,440. 0.83% of the stock is owned by insiders.
A number of large investors have recently modified their holdings of the business. Motco increased its stake in shares of Ford Motor by 1,162.6% during the first quarter. Motco now owns 2,904 shares of the auto manufacturer’s stock worth $25,000 after buying an additional 2,674 shares during the period. JNBA Financial Advisors increased its stake in shares of Ford Motor by 100.0% during the first quarter. JNBA Financial Advisors now owns 3,000 shares of the auto manufacturer’s stock worth $26,000 after buying an additional 1,500 shares during the period. Stone House Investment Management LLC purchased a new stake in shares of Ford Motor during the first quarter worth approximately $27,000. Berman Capital Advisors LLC increased its stake in shares of Ford Motor by 46.6% during the first quarter. Berman Capital Advisors LLC now owns 3,553 shares of the auto manufacturer’s stock worth $31,000 after buying an additional 1,130 shares during the period. Finally, West Oak Capital LLC increased its stake in shares of Ford Motor by 46.3% during the second quarter. West Oak Capital LLC now owns 3,579 shares of the auto manufacturer’s stock worth $37,000 after buying an additional 1,132 shares during the period. Institutional investors own 52.36% of the company’s stock.
Ford Motor stock traded up $0.30 during trading on Friday, reaching $10.49. The company had a trading volume of 40,748,095 shares, compared to its average volume of 28,385,140. The company has a 50-day moving average of $9.96. Ford Motor has a 1-year low of $7.41 and a 1-year high of $11.05. The company has a market capitalization of $41.85 billion, a price-to-earnings ratio of 8.07, a PEG ratio of 1.01 and a beta of 1.13. The company has a debt-to-equity ratio of 2.82, a current ratio of 1.22 and a quick ratio of 1.10.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Tuesday, July 23rd will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.72%. Ford Motor’s dividend payout ratio (DPR) is currently 46.15%.
About Ford Motor
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.
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