Ford Motor (NYSE:F) Issues Earnings Results

Key Points

• Ford Motor reported an earnings per share (EPS) of $0.37 for the quarter, exceeding analysts' expectations of $0.30 by $0.07.
• The company's stock experienced a decline of 1.7%, trading at $10.89 with a market capitalization of $43.30 billion.
• Institutional investors hold 58.74% of Ford's stock, with a notable 41.6% increase in holdings from Empowered Funds LLC during the 1st quarter.

Ford Motor (NYSE:F - Get Free Report) posted its quarterly earnings data on Wednesday. The auto manufacturer reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.04, Zacks reports. Ford Motor had a return on equity of 13.49% and a net margin of 2.74%. The business's revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.47 EPS.

Ford Motor Stock Down 1.7%

Shares of F stock traded down $0.19 during trading hours on Wednesday, reaching $10.89. 78,266,346 shares of the company's stock were exchanged, compared to its average volume of 67,549,992. Ford Motor has a 1 year low of $8.44 and a 1 year high of $11.97. The stock has a market cap of $43.30 billion, a PE ratio of 8.71, a PEG ratio of 3.25 and a beta of 1.49. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 2.26. The stock's fifty day moving average price is $10.88 and its two-hundred day moving average price is $10.20.

Ford Motor Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 11th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.51%. Ford Motor's payout ratio is currently 48.00%.

Insider Activity at Ford Motor

In related news, insider Andrew Frick sold 30,000 shares of the firm's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $11.00, for a total transaction of $330,000.00. Following the completion of the sale, the insider directly owned 113,939 shares of the company's stock, valued at approximately $1,253,329. This trade represents a 20.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.48% of the stock is owned by insiders.

Hedge Funds Weigh In On Ford Motor

A hedge fund recently bought a new stake in Ford Motor stock. Caxton Associates LLP bought a new stake in Ford Motor Company (NYSE:F - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 30,320 shares of the auto manufacturer's stock, valued at approximately $304,000. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Piper Sandler boosted their price target on Ford Motor from $8.50 to $9.00 and gave the company a "neutral" rating in a report on Thursday, May 22nd. Wolfe Research raised Ford Motor from an "underperform" rating to a "peer perform" rating in a research report on Wednesday, April 30th. Barclays increased their target price on shares of Ford Motor from $9.00 to $11.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 16th. JPMorgan Chase & Co. boosted their price objective on shares of Ford Motor from $12.00 to $13.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. Finally, UBS Group boosted their price objective on shares of Ford Motor from $9.00 to $11.00 and gave the company a "neutral" rating in a research report on Monday, July 14th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $10.37.

About Ford Motor

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.