Brokers Issue Forecasts for Ford Motor Company’s FY2020 Earnings (F)
Ford Motor Company (NYSE:F) – Research analysts at Jefferies Group issued their FY2020 earnings per share (EPS) estimates for shares of Ford Motor Company in a research note issued to investors on Tuesday. Jefferies Group analyst P. Houchois expects that the auto manufacturer will post earnings per share of $1.94 for the year. Jefferies Group has a “Hold” rating and a $12.00 price target on the stock.
Several other research analysts have also recently weighed in on F. Vetr raised shares of Ford Motor Company from a “hold” rating to a “buy” rating and set a $13.50 price target on the stock in a research report on Tuesday, December 27th. Deutsche Bank AG reissued a “hold” rating and set a $13.00 price target on shares of Ford Motor Company in a research report on Friday, January 27th. Tigress Financial reissued a “buy” rating on shares of Ford Motor Company in a research report on Thursday, March 30th. Royal Bank of Canada raised shares of Ford Motor Company from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $13.00 to $14.00 in a research report on Friday, January 27th. They noted that the move was a valuation call. Finally, TheStreet cut shares of Ford Motor Company from a “b-” rating to a “c” rating in a research report on Thursday, January 26th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $13.80.
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Shares of Ford Motor Company (NYSE:F) traded down 1.13% during trading on Friday, hitting $11.34. 27,072,651 shares of the company were exchanged. Ford Motor Company has a 12 month low of $11.07 and a 12 month high of $14.22. The firm has a market capitalization of $45.07 billion, a PE ratio of 9.86 and a beta of 1.02. The firm’s 50-day moving average price is $11.84 and its 200 day moving average price is $12.18. Ford Motor Company also was the recipient of some unusual options trading activity on Friday. Investors acquired 8,147 put options on the stock. This is an increase of approximately 479% compared to the typical daily volume of 1,407 put options.
Ford Motor Company (NYSE:F) last issued its earnings results on Thursday, January 26th. The auto manufacturer reported $0.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.31 by $0.01. Ford Motor Company had a return on equity of 23.23% and a net margin of 3.08%. The company had revenue of $38.70 billion for the quarter, compared to the consensus estimate of $35.12 billion. During the same quarter in the prior year, the company posted $0.58 EPS. Ford Motor Company’s revenue was up 2.1% compared to the same quarter last year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Thursday, April 20th will be paid a dividend of $0.15 per share. The ex-dividend date is Tuesday, April 18th. This represents a $0.60 dividend on an annualized basis and a yield of 5.23%. Ford Motor Company’s dividend payout ratio (DPR) is presently 52.63%.
In other Ford Motor Company news, insider Bennie W. Fowler sold 92,528 shares of the business’s stock in a transaction dated Thursday, March 2nd. The shares were sold at an average price of $12.68, for a total transaction of $1,173,255.04. Following the sale, the insider now directly owns 450,635 shares in the company, valued at $5,714,051.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman William Clay Ford, Jr. purchased 171,379 shares of the business’s stock in a transaction on Friday, March 24th. The shares were acquired at an average price of $11.67 per share, for a total transaction of $1,999,992.93. The disclosure for this purchase can be found here. Insiders have sold 192,935 shares of company stock worth $2,437,889 over the last quarter. Insiders own 1.10% of the company’s stock.
Hedge funds have recently modified their holdings of the company. State Street Corp raised its stake in Ford Motor Company by 1.7% in the fourth quarter. State Street Corp now owns 158,887,721 shares of the auto manufacturer’s stock worth $1,927,303,000 after buying an additional 2,731,168 shares during the last quarter. Franklin Resources Inc. raised its stake in Ford Motor Company by 26.7% in the fourth quarter. Franklin Resources Inc. now owns 80,132,269 shares of the auto manufacturer’s stock worth $972,004,000 after buying an additional 16,902,036 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Ford Motor Company by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 37,408,809 shares of the auto manufacturer’s stock worth $453,802,000 after buying an additional 183,237 shares during the last quarter. Morgan Stanley raised its stake in Ford Motor Company by 22.4% in the third quarter. Morgan Stanley now owns 34,669,708 shares of the auto manufacturer’s stock worth $418,463,000 after buying an additional 6,348,720 shares during the last quarter. Finally, Norges Bank purchased a new stake in Ford Motor Company during the fourth quarter worth $277,396,000. Institutional investors own 54.19% of the company’s stock.
Ford Motor Company Company Profile
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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