Ford Motor (NYSE:F) Reaches New 1-Year High After Earnings Beat

Key Points

• Ford Motor Company's stock reached a new 52-week high of $13.53 after reporting better than expected quarterly earnings, with an EPS of $0.45 versus estimates of $0.38.
• The company announced a quarterly dividend of $0.15 per share, resulting in an annualized dividend of $0.60 and a yield of 4.4%.
• Analysts have varied opinions on the stock, with ratings ranging from Buy to Sell, and an average target price set at $11.11.

Ford Motor Company (NYSE:F - Get Free Report)'s stock price hit a new 52-week high during trading on Friday after the company announced better than expected quarterly earnings. The stock traded as high as $13.49 and last traded at $13.53, with a volume of 44155778 shares changing hands. The stock had previously closed at $12.34.

The auto manufacturer reported $0.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.07. The company had revenue of $50.53 billion during the quarter, compared to analyst estimates of $43.08 billion. Ford Motor had a return on equity of 12.46% and a net margin of 1.70%.The firm's quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.49 EPS.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 7th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 7th. This represents a $0.60 annualized dividend and a dividend yield of 4.4%. Ford Motor's dividend payout ratio (DPR) is currently 76.92%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on F. Weiss Ratings reissued a "hold (c)" rating on shares of Ford Motor in a research note on Tuesday, October 14th. Jefferies Financial Group raised shares of Ford Motor from an "underperform" rating to a "hold" rating and boosted their target price for the stock from $9.00 to $12.00 in a research report on Monday, October 6th. Piper Sandler boosted their target price on Ford Motor from $9.00 to $9.50 and gave the stock a "neutral" rating in a report on Thursday, July 31st. Wall Street Zen upgraded Ford Motor from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. Finally, Royal Bank Of Canada raised their price target on shares of Ford Motor from $10.00 to $11.00 and gave the stock a "sector perform" rating in a research report on Tuesday, August 5th. Two research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $11.11.

Institutional Trading of Ford Motor

Several hedge funds have recently bought and sold shares of the stock. Asset Management One Co. Ltd. raised its stake in shares of Ford Motor by 7.3% in the 1st quarter. Asset Management One Co. Ltd. now owns 1,592,082 shares of the auto manufacturer's stock valued at $15,969,000 after purchasing an additional 108,007 shares during the period. Cornerstone Wealth Group LLC boosted its position in Ford Motor by 26.8% during the 1st quarter. Cornerstone Wealth Group LLC now owns 14,487 shares of the auto manufacturer's stock worth $145,000 after acquiring an additional 3,058 shares during the last quarter. Strategic Investment Advisors MI boosted its holdings in Ford Motor by 4.1% during the first quarter. Strategic Investment Advisors MI now owns 61,708 shares of the auto manufacturer's stock worth $619,000 after purchasing an additional 2,432 shares during the last quarter. Global Assets Advisory LLC bought a new position in Ford Motor in the first quarter valued at $400,000. Finally, Spire Wealth Management boosted its stake in shares of Ford Motor by 8.4% during the 1st quarter. Spire Wealth Management now owns 20,320 shares of the auto manufacturer's stock worth $204,000 after buying an additional 1,576 shares during the last quarter. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Ford Motor Trading Up 9.7%

The company has a debt-to-equity ratio of 2.24, a current ratio of 1.10 and a quick ratio of 0.95. The business has a 50-day moving average of $11.80 and a 200-day moving average of $11.01. The firm has a market cap of $53.90 billion, a price-to-earnings ratio of 17.33, a P/E/G ratio of 3.65 and a beta of 1.53.

Ford Motor Company Profile

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.

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