Wedbush Has Bearish Estimate for General Motors Q2 Earnings

General Motors (NYSE:GM - Free Report) TSE: GMM.U - Equities research analysts at Wedbush cut their Q2 2026 earnings per share estimates for shares of General Motors in a research report issued to clients and investors on Thursday, May 1st. Wedbush analyst D. Ives now anticipates that the auto manufacturer will post earnings of $2.95 per share for the quarter, down from their previous forecast of $3.11. Wedbush has a "Outperform" rating and a $55.00 price objective on the stock. The consensus estimate for General Motors' current full-year earnings is $11.44 per share. Wedbush also issued estimates for General Motors' Q3 2026 earnings at $3.21 EPS.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its earnings results on Tuesday, April 29th. The auto manufacturer reported $2.78 EPS for the quarter, topping the consensus estimate of $2.63 by $0.15. General Motors had a return on equity of 15.29% and a net margin of 3.21%. The firm had revenue of $44.02 billion during the quarter, compared to analysts' expectations of $42.64 billion. During the same period in the previous year, the firm posted $2.62 EPS. General Motors's revenue for the quarter was up 2.3% on a year-over-year basis.

A number of other brokerages have also recently weighed in on GM. Sanford C. Bernstein cut shares of General Motors from a "market perform" rating to an "underperform" rating and decreased their price target for the stock from $50.00 to $35.00 in a research note on Monday, April 7th. The Goldman Sachs Group lowered their price target on General Motors from $73.00 to $63.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Deutsche Bank Aktiengesellschaft cut General Motors from a "buy" rating to a "hold" rating and set a $43.00 price target on the stock. in a research report on Monday, April 14th. Cowen began coverage on General Motors in a research report on Thursday, March 6th. They set a "buy" rating for the company. Finally, Wells Fargo & Company restated an "underweight" rating on shares of General Motors in a research note on Monday, February 3rd. Five analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $53.94.

General Motors Trading Up 0.5 %

NYSE:GM opened at $45.27 on Monday. The company has a market capitalization of $43.74 billion, a PE ratio of 7.36, a P/E/G ratio of 0.67 and a beta of 1.36. General Motors has a 52-week low of $38.96 and a 52-week high of $61.24. The stock's 50 day moving average price is $46.76 and its 200 day moving average price is $50.25. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 1.38.

Institutional Trading of General Motors

Large investors have recently bought and sold shares of the company. Franklin Resources Inc. boosted its position in shares of General Motors by 4.2% in the 4th quarter. Franklin Resources Inc. now owns 29,273,136 shares of the auto manufacturer's stock worth $1,559,380,000 after buying an additional 1,170,816 shares in the last quarter. Geode Capital Management LLC grew its position in shares of General Motors by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 23,796,969 shares of the auto manufacturer's stock valued at $1,264,567,000 after purchasing an additional 176,436 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of General Motors by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 14,066,883 shares of the auto manufacturer's stock worth $749,382,000 after purchasing an additional 228,408 shares in the last quarter. Norges Bank acquired a new position in shares of General Motors during the 4th quarter worth approximately $592,321,000. Finally, Northern Trust Corp lifted its stake in General Motors by 8.1% in the 4th quarter. Northern Trust Corp now owns 10,930,178 shares of the auto manufacturer's stock valued at $582,251,000 after buying an additional 822,454 shares in the last quarter. Institutional investors and hedge funds own 92.67% of the company's stock.

General Motors declared that its board has authorized a share buyback program on Wednesday, February 26th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the auto manufacturer to repurchase up to 12.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

General Motors Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Friday, June 6th will be paid a $0.15 dividend. This is an increase from General Motors's previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a yield of 1.33%. The ex-dividend date is Friday, June 6th. General Motors's dividend payout ratio (DPR) is presently 8.65%.

About General Motors

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.