Q3 2024 EPS Estimates for Ford Motor Decreased by Zacks Research (NYSE:F)

Ford Motor (NYSE:FFree Report) – Equities research analysts at Zacks Research reduced their Q3 2024 earnings per share (EPS) estimates for shares of Ford Motor in a report issued on Wednesday, March 20th. Zacks Research analyst R. Singhi now forecasts that the auto manufacturer will earn $0.41 per share for the quarter, down from their prior forecast of $0.42. The consensus estimate for Ford Motor’s current full-year earnings is $1.88 per share.

Ford Motor (NYSE:FGet Free Report) last announced its earnings results on Tuesday, February 6th. The auto manufacturer reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.17. Ford Motor had a return on equity of 18.95% and a net margin of 2.47%. The company had revenue of $43.21 billion for the quarter, compared to analyst estimates of $43.06 billion. During the same period in the prior year, the company posted $0.51 EPS. Ford Motor’s quarterly revenue was up 3.5% on a year-over-year basis.

Several other equities research analysts have also issued reports on the company. Royal Bank of Canada reissued a “sector perform” rating and set a $12.00 price target on shares of Ford Motor in a research report on Wednesday, February 7th. Citigroup upped their price target on Ford Motor from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. BNP Paribas lowered Ford Motor from an “outperform” rating to a “neutral” rating and set a $12.00 price target on the stock. in a research report on Wednesday, December 13th. Piper Sandler began coverage on Ford Motor in a research report on Friday, March 15th. They set a “neutral” rating and a $13.00 price target on the stock. Finally, UBS Group lowered Ford Motor from a “buy” rating to a “neutral” rating and set a $12.00 price target on the stock. in a research report on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Ford Motor has a consensus rating of “Hold” and a consensus price target of $13.75.

Read Our Latest Research Report on F

Ford Motor Stock Performance

Shares of F opened at $12.91 on Friday. The business’s 50 day moving average is $12.11 and its two-hundred day moving average is $11.68. Ford Motor has a 52-week low of $9.63 and a 52-week high of $15.42. The firm has a market cap of $51.30 billion, a price-to-earnings ratio of 11.95, a PEG ratio of 1.03 and a beta of 1.63. The company has a quick ratio of 1.04, a current ratio of 1.20 and a debt-to-equity ratio of 2.33.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Meridian Wealth Management LLC increased its position in shares of Ford Motor by 86.4% in the third quarter. Meridian Wealth Management LLC now owns 657,842 shares of the auto manufacturer’s stock worth $8,170,000 after acquiring an additional 304,923 shares in the last quarter. Pearl River Capital LLC increased its position in shares of Ford Motor by 174.2% in the third quarter. Pearl River Capital LLC now owns 332,161 shares of the auto manufacturer’s stock worth $4,125,000 after acquiring an additional 211,037 shares in the last quarter. TIAA Trust National Association purchased a new position in shares of Ford Motor in the third quarter worth approximately $1,104,000. Mackenzie Financial Corp grew its position in Ford Motor by 110.5% during the third quarter. Mackenzie Financial Corp now owns 700,928 shares of the auto manufacturer’s stock valued at $8,460,000 after purchasing an additional 367,977 shares in the last quarter. Finally, Axxcess Wealth Management LLC grew its position in Ford Motor by 616.0% during the third quarter. Axxcess Wealth Management LLC now owns 300,951 shares of the auto manufacturer’s stock valued at $3,738,000 after purchasing an additional 258,920 shares in the last quarter. 52.73% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO Mark Kosman sold 26,898 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $12.53, for a total value of $337,031.94. Following the sale, the chief accounting officer now directly owns 7,102 shares in the company, valued at approximately $88,988.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.80% of the company’s stock.

Ford Motor Announces Dividend

The firm also recently announced a Variable dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were issued a $0.33 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a dividend yield of 4.7%. Ford Motor’s payout ratio is currently 55.56%.

Ford Motor Company Profile

(Get Free Report)

Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company 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.

See Also

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

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