Analysts Offer Predictions for Ford Motor's Q3 2024 Earnings (NYSE:F)

Ford Motor (NYSE:F - Free Report) - Stock analysts at Zacks Research boosted their Q3 2024 earnings estimates for shares of Ford Motor in a report released on Wednesday, May 15th. Zacks Research analyst R. Singhi now forecasts that the auto manufacturer will post earnings of $0.47 per share for the quarter, up from their previous forecast of $0.41. The consensus estimate for Ford Motor's current full-year earnings is $1.96 per share. Zacks Research also issued estimates for Ford Motor's Q1 2025 earnings at $0.42 EPS and FY2025 earnings at $1.90 EPS.

Ford Motor (NYSE:F - Get Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.07. The firm had revenue of $42.78 billion during the quarter, compared to the consensus estimate of $42.93 billion. Ford Motor had a net margin of 2.21% and a return on equity of 17.63%. The business's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.63 EPS.

Other analysts also recently issued research reports about the stock. Royal Bank of Canada upped their price target on shares of Ford Motor from $12.00 to $13.00 and gave the stock a "sector perform" rating in a report on Thursday, April 25th. Piper Sandler initiated coverage on shares of Ford Motor in a research report on Friday, March 15th. They set a "neutral" rating and a $13.00 price objective for the company. Barclays upped their price objective on shares of Ford Motor from $15.00 to $16.00 and gave the stock an "overweight" rating in a research report on Thursday, April 11th. Morgan Stanley upped their price objective on shares of Ford Motor from $15.00 to $16.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 13th. Finally, Citigroup upped their price objective on shares of Ford Motor from $16.00 to $18.00 and gave the stock a "buy" rating in a research report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $13.74.

Ford Motor Stock Performance

NYSE F traded down $0.10 during trading on Friday, reaching $12.28. The company's stock had a trading volume of 23,829,366 shares, compared to its average volume of 52,959,855. The company has a current ratio of 1.17, a quick ratio of 0.99 and a debt-to-equity ratio of 2.32. The firm has a market capitalization of $49.03 billion, a price-to-earnings ratio of 12.66, a price-to-earnings-growth ratio of 0.82 and a beta of 1.61. Ford Motor has a 12 month low of $9.63 and a 12 month high of $15.42. The firm has a 50 day moving average price of $12.62 and a 200 day moving average price of $11.86.

Institutional Investors Weigh In On Ford Motor

A number of hedge funds have recently modified their holdings of the stock. Sequoia Financial Advisors LLC lifted its holdings in shares of Ford Motor by 15.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 342,150 shares of the auto manufacturer's stock worth $4,171,000 after buying an additional 44,581 shares in the last quarter. Pearl River Capital LLC raised its stake in Ford Motor by 174.2% in the third quarter. Pearl River Capital LLC now owns 332,161 shares of the auto manufacturer's stock valued at $4,125,000 after purchasing an additional 211,037 shares in the last quarter. Axxcess Wealth Management LLC raised its stake in Ford Motor by 616.0% in the third quarter. Axxcess Wealth Management LLC now owns 300,951 shares of the auto manufacturer's stock valued at $3,738,000 after purchasing an additional 258,920 shares in the last quarter. Public Sector Pension Investment Board raised its stake in Ford Motor by 11.9% in the third quarter. Public Sector Pension Investment Board now owns 421,118 shares of the auto manufacturer's stock valued at $5,230,000 after purchasing an additional 44,805 shares in the last quarter. Finally, CVA Family Office LLC purchased a new stake in Ford Motor in the fourth quarter valued at approximately $56,000. Institutional investors own 58.74% of the company's stock.

Insider Activity at Ford Motor

In other news, CAO Mark Kosman sold 26,898 shares of the business's stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $12.53, for a total value of $337,031.94. Following the transaction, the chief accounting officer now owns 7,102 shares in the company, valued at approximately $88,988.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.80% of the stock is owned by insiders.

Ford Motor Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 8th will be issued a $0.15 dividend. The ex-dividend date is Tuesday, May 7th. This represents a $0.60 annualized dividend and a dividend yield of 4.89%. Ford Motor's dividend payout ratio is currently 61.86%.

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.