Zacks: Brokerages Anticipate General Motors (GM) Will Announce Quarterly Sales of $35.43 Billion

Equities analysts expect that General Motors (NYSE:GM) (TSE:GMM.U) will post sales of $35.43 billion for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for General Motors’ earnings. The lowest sales estimate is $34.91 billion and the highest is $35.95 billion. General Motors reported sales of $36.10 billion in the same quarter last year, which would suggest a negative year over year growth rate of 1.9%. The firm is expected to announce its next earnings results on Thursday, April 25th.

According to Zacks, analysts expect that General Motors will report full-year sales of $146.94 billion for the current year, with estimates ranging from $145.84 billion to $147.94 billion. For the next fiscal year, analysts expect that the business will report sales of $146.05 billion, with estimates ranging from $141.94 billion to $150.01 billion. Zacks’ sales calculations are an average based on a survey of research analysts that cover General Motors.

General Motors (NYSE:GM) (TSE:GMM.U) last released its earnings results on Wednesday, February 6th. The auto manufacturer reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.22. General Motors had a return on equity of 23.99% and a net margin of 5.45%. The business had revenue of $38.40 billion for the quarter, compared to the consensus estimate of $36.31 billion. During the same quarter in the previous year, the business earned $1.65 earnings per share. General Motors’s quarterly revenue was up 1.8% on a year-over-year basis.



GM has been the subject of a number of research analyst reports. Zacks Investment Research upgraded General Motors from a “hold” rating to a “strong-buy” rating and set a $38.00 price target for the company in a report on Tuesday, January 8th. Royal Bank of Canada lifted their price target on General Motors from $45.00 to $50.00 and gave the stock an “outperform” rating in a report on Monday, January 14th. BMO Capital Markets upgraded General Motors from a “market perform” rating to an “outperform” rating in a report on Monday, January 7th. JPMorgan Chase & Co. lifted their price target on General Motors from $48.00 to $53.00 and gave the stock an “overweight” rating in a report on Tuesday, November 27th. Finally, Goldman Sachs Group set a $38.00 price target on General Motors and gave the stock a “hold” rating in a report on Monday, January 14th. Five investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. General Motors has a consensus rating of “Buy” and a consensus target price of $46.97.

In other news, VP Christopher Hatto sold 8,499 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $40.00, for a total transaction of $339,960.00. Following the completion of the sale, the vice president now owns 10,040 shares in the company, valued at $401,600. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Alan S. Batey sold 70,266 shares of the business’s stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $38.39, for a total value of $2,697,511.74. Following the sale, the insider now owns 205,906 shares of the company’s stock, valued at approximately $7,904,731.34. The disclosure for this sale can be found here. Insiders own 0.39% of the company’s stock.

Several large investors have recently modified their holdings of the company. Signet Investment Advisory Group Inc. bought a new stake in shares of General Motors in the fourth quarter valued at approximately $26,000. Cornerstone Advisors Inc. boosted its stake in shares of General Motors by 63.0% in the fourth quarter. Cornerstone Advisors Inc. now owns 895 shares of the auto manufacturer’s stock valued at $30,000 after buying an additional 346 shares during the period. NuWave Investment Management LLC boosted its stake in shares of General Motors by 198.6% in the fourth quarter. NuWave Investment Management LLC now owns 884 shares of the auto manufacturer’s stock valued at $30,000 after buying an additional 588 shares during the period. Advisors Preferred LLC bought a new stake in shares of General Motors in the fourth quarter valued at approximately $31,000. Finally, Vigilant Capital Management LLC acquired a new position in General Motors during the fourth quarter valued at approximately $43,000. Institutional investors own 76.93% of the company’s stock.

General Motors stock traded up $0.04 during midday trading on Friday, reaching $38.07. 16,854,723 shares of the company’s stock were exchanged, compared to its average volume of 10,258,409. General Motors has a 52 week low of $30.56 and a 52 week high of $45.00. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.80 and a current ratio of 0.92. The stock has a market capitalization of $54.69 billion, a P/E ratio of 5.82, a PEG ratio of 0.70 and a beta of 1.28.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Friday, March 8th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.99%. The ex-dividend date is Thursday, March 7th. General Motors’s dividend payout ratio is presently 23.24%.

About General Motors

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

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