FY2023 Earnings Estimate for Ford Motor Issued By Jefferies Financial Group (NYSE:F)

Ford Motor (NYSE:FGet Rating) – Research analysts at Jefferies Financial Group cut their FY2023 earnings per share estimates for shares of Ford Motor in a research note issued on Thursday, January 19th. Jefferies Financial Group analyst P. Houchois now expects that the auto manufacturer will post earnings per share of $1.69 for the year, down from their prior estimate of $1.93. The consensus estimate for Ford Motor’s current full-year earnings is $1.96 per share.

Ford Motor (NYSE:FGet Rating) last issued its quarterly earnings results on Wednesday, October 26th. The auto manufacturer reported $0.30 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.01). The business had revenue of $37.19 billion during the quarter, compared to the consensus estimate of $37.11 billion. Ford Motor had a return on equity of 14.69% and a net margin of 5.94%. The business’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.51 earnings per share.

Several other analysts have also commented on F. Morgan Stanley boosted their price target on Ford Motor from $14.00 to $15.00 and gave the company an “overweight” rating in a research note on Friday, October 28th. Citigroup boosted their target price on Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 30th. UBS Group downgraded Ford Motor from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $13.00 to $10.00 in a research report on Monday, October 10th. StockNews.com started coverage on Ford Motor in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Finally, TheStreet downgraded Ford Motor from a “b-” rating to a “c” rating in a report on Wednesday, October 26th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Ford Motor presently has a consensus rating of “Hold” and an average target price of $17.29.

Ford Motor Stock Performance

F opened at $12.40 on Monday. The stock has a market cap of $49.85 billion, a PE ratio of 5.64, a P/E/G ratio of 1.03 and a beta of 1.44. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 2.00. Ford Motor has a 1 year low of $10.61 and a 1 year high of $21.50. The stock’s 50 day simple moving average is $12.86 and its 200-day simple moving average is $13.38.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 1st. Investors of record on Tuesday, November 15th were given a dividend of $0.15 per share. The ex-dividend date was Monday, November 14th. This represents a $0.60 annualized dividend and a yield of 4.84%. Ford Motor’s dividend payout ratio (DPR) is presently 27.27%.

Insider Activity at Ford Motor

In related news, insider Stuart J. Rowley sold 29,821 shares of the stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $13.97, for a total transaction of $416,599.37. Following the completion of the transaction, the insider now directly owns 224,978 shares of the company’s stock, valued at $3,142,942.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.90% of the company’s stock.

Institutional Trading of Ford Motor

A number of hedge funds have recently made changes to their positions in F. RB Capital Management LLC increased its stake in shares of Ford Motor by 14.6% during the first quarter. RB Capital Management LLC now owns 27,339 shares of the auto manufacturer’s stock worth $462,000 after purchasing an additional 3,477 shares during the period. Fairfield Bush & CO. bought a new position in Ford Motor during the 1st quarter worth $37,000. Synovus Financial Corp increased its stake in Ford Motor by 275.4% during the 1st quarter. Synovus Financial Corp now owns 111,481 shares of the auto manufacturer’s stock worth $1,886,000 after acquiring an additional 81,783 shares during the period. Blair William & Co. IL increased its stake in Ford Motor by 17.3% during the 1st quarter. Blair William & Co. IL now owns 325,778 shares of the auto manufacturer’s stock worth $5,509,000 after acquiring an additional 47,959 shares during the period. Finally, Canada Pension Plan Investment Board increased its stake in Ford Motor by 3.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 564,002 shares of the auto manufacturer’s stock worth $9,537,000 after acquiring an additional 16,498 shares during the period. 49.68% of the stock is owned by institutional investors and hedge funds.

Ford Motor Company Profile

(Get Rating)

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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Earnings History and Estimates for Ford Motor (NYSE:F)

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