Ford Motor (NYSE:F) Announces Quarterly Earnings Results

Ford Motor (NYSE:FGet Rating) issued its earnings results on Wednesday. The auto manufacturer reported $0.68 EPS for the quarter, beating the consensus estimate of $0.44 by $0.24, Briefing.com reports. Ford Motor had a net margin of 8.57% and a return on equity of 12.46%. The firm had revenue of $37.91 billion during the quarter, compared to the consensus estimate of $35.17 billion. During the same quarter in the prior year, the firm earned $0.13 earnings per share. The business’s quarterly revenue was up 57.1% on a year-over-year basis.

Ford Motor Stock Performance

NYSE:F traded up $0.73 during mid-day trading on Thursday, reaching $13.92. 4,943,234 shares of the company’s stock were exchanged, compared to its average volume of 52,167,028. Ford Motor has a one year low of $10.61 and a one year high of $25.87. The firm has a market capitalization of $55.96 billion, a PE ratio of 4.79, a price-to-earnings-growth ratio of 2.21 and a beta of 1.21. The business’s fifty day simple moving average is $12.31 and its two-hundred day simple moving average is $15.54. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.01 and a current ratio of 1.17.

Insider Buying and Selling

In other Ford Motor news, insider Ashwani Kumar Galhotra sold 25,892 shares of the firm’s stock in a transaction dated Tuesday, May 24th. The shares were sold at an average price of $12.41, for a total value of $321,319.72. Following the transaction, the insider now directly owns 511,605 shares of the company’s stock, valued at approximately $6,349,018.05. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Ford Motor news, major shareholder Motor Co Ford sold 7,000,000 shares of the firm’s stock in a transaction dated Friday, May 13th. The shares were sold at an average price of $26.88, for a total value of $188,160,000.00. Following the transaction, the insider now directly owns 86,947,494 shares of the company’s stock, valued at approximately $2,337,148,638.72. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Ashwani Kumar Galhotra sold 25,892 shares of the firm’s stock in a transaction dated Tuesday, May 24th. The shares were sold at an average price of $12.41, for a total transaction of $321,319.72. Following the completion of the transaction, the insider now directly owns 511,605 shares in the company, valued at $6,349,018.05. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,025,892 shares of company stock valued at $402,881,320. 0.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Ford Motor

A number of hedge funds have recently made changes to their positions in the stock. AJ Wealth Strategies LLC boosted its stake in shares of Ford Motor by 2.7% in the 1st quarter. AJ Wealth Strategies LLC now owns 31,374 shares of the auto manufacturer’s stock valued at $531,000 after purchasing an additional 820 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its position in Ford Motor by 3.2% during the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 30,897 shares of the auto manufacturer’s stock worth $522,000 after buying an additional 961 shares during the period. Kinneret Advisory LLC boosted its position in Ford Motor by 2.3% during the 1st quarter. Kinneret Advisory LLC now owns 43,723 shares of the auto manufacturer’s stock worth $739,000 after buying an additional 978 shares during the period. Shepherd Financial Partners LLC boosted its position in Ford Motor by 4.9% during the 1st quarter. Shepherd Financial Partners LLC now owns 24,829 shares of the auto manufacturer’s stock worth $419,000 after buying an additional 1,151 shares during the period. Finally, Brown Brothers Harriman & Co. boosted its position in Ford Motor by 13.1% during the 1st quarter. Brown Brothers Harriman & Co. now owns 10,759 shares of the auto manufacturer’s stock worth $182,000 after buying an additional 1,244 shares during the period. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Morgan Stanley raised shares of Ford Motor from an “underweight” rating to an “equal weight” rating and set a $13.00 target price for the company in a research note on Friday, May 13th. Wells Fargo & Company reduced their price target on shares of Ford Motor from $12.00 to $10.00 and set an “underweight” rating for the company in a report on Monday, July 11th. Barclays cut shares of Ford Motor from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $23.00 to $17.00 in a report on Thursday, April 7th. JPMorgan Chase & Co. reduced their price target on shares of Ford Motor from $21.00 to $19.00 and set a “maintains” rating for the company in a report on Tuesday. Finally, Berenberg Bank began coverage on shares of Ford Motor in a report on Tuesday, May 10th. They issued a “hold” rating and a $17.00 price target for the company. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Ford Motor currently has a consensus rating of “Hold” and a consensus price target of $17.86.

About Ford Motor

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Ford Motor Company designs, manufactures, markets, and services a range of Ford trucks, cars, sport utility vehicles, electrified vehicles, and Lincoln luxury 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.

Further Reading

Earnings History for Ford Motor (NYSE:F)

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