Ford Motor (NYSE:F) Issues Quarterly Earnings Results, Misses Expectations By $0.21 EPS

Ford Motor (NYSE:F) announced its earnings results on Wednesday. The auto manufacturer reported $0.47 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.21), Briefing.com reports. Ford Motor had a net margin of 2.21% and a return on equity of 17.63%. The company had revenue of $47.81 billion during the quarter, compared to the consensus estimate of $47.79 billion. During the same quarter in the previous year, the company earned $0.72 earnings per share. The business’s revenue was up 6.3% on a year-over-year basis.

Ford Motor Stock Down 18.1 %

Shares of F traded down $2.47 on Thursday, reaching $11.20. The stock had a trading volume of 238,718,370 shares, compared to its average volume of 53,063,688. The firm has a market capitalization of $44.71 billion, a price-to-earnings ratio of 11.65, a price-to-earnings-growth ratio of 0.89 and a beta of 1.62. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.99 and a current ratio of 1.17. The company has a 50-day simple moving average of $12.59 and a 200-day simple moving average of $12.42. Ford Motor has a 12-month low of $9.63 and a 12-month high of $14.85.

Ford Motor Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Wednesday, August 7th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.36%. The ex-dividend date of this dividend is Wednesday, August 7th. Ford Motor’s payout ratio is presently 61.86%.

Insider Activity

In other news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $12.09, for a total value of $982,119.06. Following the completion of the transaction, the director now owns 168,601 shares in the company, valued at approximately $2,038,386.09. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on F. UBS Group boosted their price target on Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. Citigroup boosted their price target on Ford Motor from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Royal Bank of Canada boosted their price target on Ford Motor from $12.00 to $13.00 and gave the company a “sector perform” rating in a research note on Thursday, April 25th. Sanford C. Bernstein assumed coverage on Ford Motor in a research report on Thursday, May 23rd. They set an “outperform” rating and a $16.00 target price on the stock. Finally, Barclays lowered their target price on Ford Motor from $17.00 to $16.00 and set an “overweight” rating on the stock in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $13.95.

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.