Ford Motor (NYSE:F) Shares Up 12% After Better-Than-Expected Earnings

Key Points

• Ford Motor Company shares surged 12% after reporting quarterly earnings of $0.45 per share, exceeding analysts' expectations of $0.38.
• The company announced a quarterly dividend of $0.15 per share, to be paid on December 1st, giving it an annual yield of 4.3%.
• Ford's revenue for the quarter reached $50.53 billion, marking a 9.4% increase year-over-year, significantly surpassing the expected revenue of $43.08 billion.

Shares of Ford Motor Company (NYSE:F - Get Free Report) shot up 12% during trading on Friday after the company announced better than expected quarterly earnings. The company traded as high as $13.97 and last traded at $13.82. 298,045,431 shares changed hands during trading, an increase of 204% from the average session volume of 98,155,484 shares. 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 for the quarter, compared to the consensus estimate of $43.08 billion. Ford Motor had a return on equity of 12.46% and a net margin of 1.70%.Ford Motor's revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.49 earnings per share.

Ford Motor Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 7th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Friday, November 7th. Ford Motor's dividend payout ratio (DPR) is 76.92%.

Wall Street Analyst Weigh In

F has been the topic of several research reports. Royal Bank Of Canada raised their target price on Ford Motor from $11.00 to $12.00 and gave the company a "sector perform" rating in a research report on Friday. Dbs Bank downgraded Ford Motor from a "hold" rating to a "moderate sell" rating in a research report on Monday, August 4th. Barclays raised their target price on Ford Motor from $9.00 to $11.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 16th. Jefferies Financial Group upgraded Ford Motor from an "underperform" rating to a "hold" rating and lifted their price objective for the stock from $9.00 to $12.00 in a research report on Monday, October 6th. Finally, Piper Sandler lifted their price objective on Ford Motor from $9.50 to $11.00 and gave the stock a "neutral" rating in a research report on Friday. Two analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Ford Motor presently has an average rating of "Hold" and an average target price of $11.36.

Institutional Investors Weigh In On Ford Motor

Institutional investors have recently modified their holdings of the company. Corsicana & Co. acquired a new stake in shares of Ford Motor in the third quarter valued at $25,000. Trust Co. of Toledo NA OH acquired a new stake in shares of Ford Motor in the second quarter valued at $25,000. Salomon & Ludwin LLC boosted its holdings in Ford Motor by 86.6% in the third quarter. Salomon & Ludwin LLC now owns 2,333 shares of the auto manufacturer's stock valued at $30,000 after purchasing an additional 1,083 shares during the period. Capital A Wealth Management LLC boosted its holdings in Ford Motor by 990.9% in the second quarter. Capital A Wealth Management LLC now owns 2,509 shares of the auto manufacturer's stock valued at $27,000 after purchasing an additional 2,279 shares during the period. Finally, Country Trust Bank purchased a new position in Ford Motor in the second quarter valued at $27,000. 58.74% of the stock is owned by institutional investors and hedge funds.

Ford Motor Stock Performance

The stock has a market capitalization of $54.99 billion, a PE ratio of 17.71, a price-to-earnings-growth ratio of 3.65 and a beta of 1.53. The stock has a fifty day moving average of $11.80 and a 200-day moving average of $11.01. The company has a quick ratio of 0.95, a current ratio of 1.10 and a debt-to-equity ratio of 2.24.

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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