General Motors (NYSE:GM) Issues Quarterly Earnings Results

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U released its earnings results on Tuesday. The auto manufacturer reported $2.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.01, Zacks reports. General Motors had a return on equity of 14.30% and a net margin of 3.08%. The company had revenue of $47.12 billion during the quarter, compared to analyst estimates of $45.87 billion. During the same period in the prior year, the company posted $3.06 earnings per share. General Motors's quarterly revenue was down 1.8% on a year-over-year basis. General Motors updated its FY 2025 guidance to 8.250-10.000 EPS.

General Motors Stock Down 7.9%

GM traded down $4.19 during trading on Tuesday, reaching $49.02. The company had a trading volume of 33,710,835 shares, compared to its average volume of 12,653,590. The business's fifty day moving average price is $50.02 and its 200 day moving average price is $48.69. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.21 and a quick ratio of 1.04. The company has a market cap of $47.13 billion, a P/E ratio of 7.06, a PEG ratio of 1.43 and a beta of 1.32. General Motors has a 12 month low of $38.96 and a 12 month high of $61.24.

General Motors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Friday, September 5th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.22%. The ex-dividend date is Friday, September 5th. General Motors's payout ratio is presently 8.65%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Wedbush cut their target price on General Motors from $60.00 to $55.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Benchmark initiated coverage on shares of General Motors in a research report on Monday. They set a "buy" rating and a $65.00 target price on the stock. CLSA raised shares of General Motors to a "moderate buy" rating in a research note on Monday, July 7th. Sanford C. Bernstein set a $36.00 price objective on shares of General Motors in a research note on Monday, May 5th. Finally, Royal Bank Of Canada lifted their price objective on shares of General Motors from $55.00 to $57.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, General Motors has a consensus rating of "Hold" and a consensus target price of $56.05.

Hedge Funds Weigh In On General Motors

An institutional investor recently raised its position in General Motors stock. Brighton Jones LLC increased its holdings in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 456.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 38,717 shares of the auto manufacturer's stock after purchasing an additional 31,755 shares during the quarter. Brighton Jones LLC's holdings in General Motors were worth $2,062,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 92.67% of the company's stock.

General Motors Company Profile

General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts; and provide software-enabled services and subscriptions worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brand names.