Ford Motor (NYSE:F – Get Rating) issued its quarterly earnings data on Thursday. The auto manufacturer reported $0.51 earnings per share for the quarter, missing analysts' consensus estimates of $0.60 by ($0.09), Briefing.com reports. Ford Motor had a negative net margin of 1.25% and a positive return on equity of 17.39%. The firm had revenue of $41.80 billion for the quarter, compared to analysts' expectations of $40.73 billion. During the same quarter in the previous year, the business earned $0.26 EPS. The company's revenue for the quarter was up 18.4% on a year-over-year basis.
Ford Motor Stock Down 7.6 %
Shares of Ford Motor stock traded down $1.09 during trading on Friday, hitting $13.23. 165,500,170 shares of the stock traded hands, compared to its average volume of 56,259,148. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 2.00. The stock's fifty day simple moving average is $12.70 and its 200 day simple moving average is $13.46. The firm has a market cap of $53.19 billion, a P/E ratio of -25.94, a price-to-earnings-growth ratio of 1.23 and a beta of 1.52. Ford Motor has a 52-week low of $10.61 and a 52-week high of $18.63.
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Ford Motor Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 1st. Shareholders of record on Monday, February 13th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.54%. The ex-dividend date is Friday, February 10th. Ford Motor's dividend payout ratio is -117.65%.
Insider Buying and Selling
In other news, insider Stuart J. Rowley sold 29,821 shares of the stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $13.97, for a total transaction of $416,599.37. Following the transaction, the insider now directly owns 224,978 shares in the company, valued at $3,142,942.66. The transaction was disclosed in a legal filing with the SEC, which is available through
the SEC website. 0.90% of the stock is owned by insiders.
Institutional Investors Weigh In On Ford Motor
A number of institutional investors have recently added to or reduced their stakes in F. AJ Wealth Strategies LLC boosted its holdings 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 buying an additional 820 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its holdings in Ford Motor by 3.2% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 30,897 shares of the auto manufacturer's stock worth $522,000 after purchasing an additional 961 shares during the last quarter. Kinneret Advisory LLC lifted its holdings in shares of Ford Motor by 2.3% during the 1st quarter. Kinneret Advisory LLC now owns 43,723 shares of the auto manufacturer's stock valued at $739,000 after purchasing an additional 978 shares during the last quarter. ExodusPoint Capital Management LP boosted its position in shares of Ford Motor by 1.0% in the 2nd quarter. ExodusPoint Capital Management LP now owns 111,033 shares of the auto manufacturer's stock worth $1,236,000 after purchasing an additional 1,085 shares in the last quarter. Finally, Shepherd Financial Partners LLC grew its stake 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 last quarter. Institutional investors own 49.68% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on the company. JPMorgan Chase & Co. lowered their target price on Ford Motor from $16.00 to $15.00 and set an "overweight" rating for the company in a research report on Wednesday, January 25th. Benchmark decreased their target price on shares of Ford Motor from $21.00 to $19.00 and set a "buy" rating on the stock in a research report on Friday. Morgan Stanley increased their price target on shares of Ford Motor from $14.00 to $15.00 and gave the company an "overweight" rating in a report on Friday, October 28th. UBS Group cut Ford Motor from a "neutral" rating to a "sell" rating and reduced their price objective for the stock from $13.00 to $10.00 in a research note on Monday, October 10th. Finally, Deutsche Bank Aktiengesellschaft lowered Ford Motor from a "hold" rating to a "sell" rating and lowered their price objective for the company from $13.00 to $11.00 in a research note on Friday. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $16.49.
About Ford Motor
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Ford Motor Co engages in the manufacture, distribution, and sale of automobiles. It operates through the following segments: Automotive, Mobility, Ford Credit, Corporate Other, Interest on Debt, and Special Items. The Automotive segment develops, manufactures, markets, and services Ford and Lincoln vehicles, service parts, and accessories.
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