Jefferies Financial Group Weighs in on Ford Motor’s FY2019 Earnings (NYSE:F)

Ford Motor (NYSE:F) – Jefferies Financial Group lowered their FY2019 earnings per share (EPS) estimates for Ford Motor in a research report issued on Monday, November 11th. Jefferies Financial Group analyst P. Houchois now anticipates that the auto manufacturer will post earnings of $1.28 per share for the year, down from their previous forecast of $1.34. Jefferies Financial Group also issued estimates for Ford Motor’s FY2020 earnings at $1.31 EPS.

Several other equities research analysts have also recently commented on the company. Bank of America cut Ford Motor to a “buy” rating and set a $13.00 target price on the stock. in a research note on Tuesday, September 10th. Royal Bank of Canada restated a “neutral” rating and issued a $10.50 target price on shares of Ford Motor in a research note on Thursday, July 25th. Deutsche Bank cut Ford Motor from a “buy” rating to a “hold” rating and cut their target price for the company from $12.00 to $11.00 in a research note on Thursday, October 24th. Credit Suisse Group cut Ford Motor to an “outperform” rating and set a $12.00 target price on the stock. in a research note on Wednesday, September 11th. Finally, TheStreet cut Ford Motor from a “b-” rating to a “c” rating in a research note on Friday, July 26th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $10.69.

NYSE F opened at $8.81 on Wednesday. The stock has a market capitalization of $35.03 billion, a price-to-earnings ratio of 6.78, a PEG ratio of 1.01 and a beta of 1.10. The stock’s 50 day moving average price is $8.90 and its two-hundred day moving average price is $9.54. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.04 and a current ratio of 1.17. Ford Motor has a 52 week low of $7.41 and a 52 week high of $10.56.

Ford Motor (NYSE:F) last released its earnings results on Wednesday, October 23rd. The auto manufacturer reported $0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.08. The firm had revenue of $33.93 billion for the quarter, compared to analysts’ expectations of $33.88 billion. Ford Motor had a return on equity of 15.53% and a net margin of 1.01%. The business’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.29 EPS.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, October 22nd will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 6.81%. The ex-dividend date of this dividend is Monday, October 21st. Ford Motor’s dividend payout ratio (DPR) is 46.15%.

In related news, CEO James P. Hackett sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $8.95, for a total transaction of $179,000.00. Following the transaction, the chief executive officer now directly owns 185,184 shares of the company’s stock, valued at approximately $1,657,396.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John C. Lechleiter bought 25,000 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The shares were acquired at an average cost of $8.68 per share, for a total transaction of $217,000.00. Following the completion of the acquisition, the director now directly owns 89,700 shares in the company, valued at approximately $778,596. The disclosure for this purchase can be found here. Insiders have sold a total of 105,000 shares of company stock worth $946,550 in the last ninety days. Insiders own 0.83% of the company’s stock.

Several hedge funds have recently bought and sold shares of F. City Holding Co. grew its stake in Ford Motor by 10.3% during the second quarter. City Holding Co. now owns 10,726 shares of the auto manufacturer’s stock worth $110,000 after purchasing an additional 1,000 shares during the period. Searle & CO. lifted its holdings in Ford Motor by 1.9% during the second quarter. Searle & CO. now owns 53,100 shares of the auto manufacturer’s stock worth $543,000 after acquiring an additional 1,000 shares during the period. Financial Advisory Service Inc. lifted its holdings in Ford Motor by 5.2% during the second quarter. Financial Advisory Service Inc. now owns 21,616 shares of the auto manufacturer’s stock worth $221,000 after acquiring an additional 1,062 shares during the period. Destination Wealth Management lifted its holdings in Ford Motor by 27.2% during the second quarter. Destination Wealth Management now owns 5,057 shares of the auto manufacturer’s stock worth $52,000 after acquiring an additional 1,081 shares during the period. Finally, Regal Wealth Group Inc. lifted its holdings in Ford Motor by 31.9% during the third quarter. Regal Wealth Group Inc. now owns 4,668 shares of the auto manufacturer’s stock worth $36,000 after acquiring an additional 1,130 shares during the period. 54.14% of the stock is currently owned by institutional investors and hedge funds.

About Ford Motor

Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment 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.

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Earnings History and Estimates for Ford Motor (NYSE:F)

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