Shares of Ford Motor (NYSE:F - Get Free Report) shot up 3.4% on Tuesday following a stronger than expected earnings report. The stock traded as high as $10.62 and last traded at $10.52. 58,141,599 shares were traded during mid-day trading, a decline of 21% from the average session volume of 73,783,250 shares. The stock had previously closed at $10.17.
The auto manufacturer reported $0.14 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.16. The business had revenue of $40.66 billion for the quarter, compared to analyst estimates of $35.99 billion. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. The firm's revenue was down 6.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.49 EPS.
Ford Motor Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 12th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.74%. The ex-dividend date is Monday, May 12th. Ford Motor's dividend payout ratio (DPR) is currently 48.00%.
Analyst Ratings Changes
Several research analysts have recently commented on the company. Citigroup boosted their target price on Ford Motor from $10.00 to $11.00 and gave the stock a "neutral" rating in a report on Wednesday. JPMorgan Chase & Co. increased their target price on Ford Motor from $11.00 to $12.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Barclays lifted their price target on Ford Motor from $8.00 to $9.00 and gave the company an "equal weight" rating in a report on Tuesday. The Goldman Sachs Group raised their price objective on shares of Ford Motor from $9.00 to $10.00 and gave the company a "neutral" rating in a research report on Tuesday. Finally, StockNews.com upgraded shares of Ford Motor from a "sell" rating to a "hold" rating in a research report on Monday, May 5th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Ford Motor currently has an average rating of "Hold" and a consensus target price of $10.00.
Check Out Our Latest Research Report on F
Institutional Investors Weigh In On Ford Motor
Large investors have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Ford Motor by 13.8% in the 1st quarter. Vanguard Group Inc. now owns 457,660,361 shares of the auto manufacturer's stock valued at $4,590,333,000 after purchasing an additional 55,576,478 shares during the period. Charles Schwab Investment Management Inc. raised its position in Ford Motor by 8.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 140,053,906 shares of the auto manufacturer's stock valued at $1,404,741,000 after buying an additional 10,947,527 shares during the last quarter. Geode Capital Management LLC lifted its stake in Ford Motor by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 84,078,284 shares of the auto manufacturer's stock valued at $830,662,000 after acquiring an additional 2,089,127 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of Ford Motor by 6,915.1% during the 1st quarter. Pacer Advisors Inc. now owns 49,078,048 shares of the auto manufacturer's stock worth $492,253,000 after acquiring an additional 48,378,444 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Ford Motor by 11.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 46,508,882 shares of the auto manufacturer's stock worth $460,444,000 after acquiring an additional 4,925,993 shares in the last quarter. 58.74% of the stock is currently owned by institutional investors.
Ford Motor Stock Performance
The stock's 50-day moving average price is $9.81 and its 200 day moving average price is $10.06. The firm has a market cap of $41.42 billion, a P/E ratio of 7.16, a price-to-earnings-growth ratio of 0.61 and a beta of 1.53. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.16 and a quick ratio of 1.02.
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.
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