FY2024 Earnings Estimate for Ford Motor (NYSE:F) Issued By Zacks Research

Ford Motor (NYSE:F) – Equities researchers at Zacks Research lowered their FY2024 earnings per share estimates for shares of Ford Motor in a research report issued on Wednesday, August 14th. Zacks Research analyst R. Singhi now expects that the auto manufacturer will post earnings per share of $1.88 for the year, down from their previous estimate of $1.98. The consensus estimate for Ford Motor’s current full-year earnings is $1.94 per share. Zacks Research also issued estimates for Ford Motor’s Q1 2025 earnings at $0.46 EPS and Q2 2025 earnings at $0.49 EPS.

Other research analysts have also issued reports about the company. StockNews.com raised Ford Motor from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Sanford C. Bernstein initiated coverage on shares of Ford Motor in a research report on Thursday, May 23rd. They set an “outperform” rating and a $16.00 price target on the stock. Evercore ISI raised shares of Ford Motor to a “hold” rating in a research note on Friday, July 26th. UBS Group raised their price objective on shares of Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. Finally, Barclays cut their target price on Ford Motor from $17.00 to $16.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $13.48.

Ford Motor Trading Down 0.4 %

Shares of NYSE:F opened at $10.68 on Monday. The company has a quick ratio of 1.00, a current ratio of 1.17 and a debt-to-equity ratio of 2.30. The company’s 50-day moving average price is $11.96 and its 200 day moving average price is $12.28. The company has a market cap of $42.64 billion, a PE ratio of 11.01, a P/E/G ratio of 0.75 and a beta of 1.62. Ford Motor has a fifty-two week low of $9.49 and a fifty-two week high of $14.85.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.21). The company had revenue of $47.81 billion during the quarter, compared to the consensus estimate of $47.79 billion. Ford Motor had a return on equity of 15.28% and a net margin of 2.13%. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period last year, the business posted $0.72 EPS.

Ford Motor Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Wednesday, August 7th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.62%. The ex-dividend date of this dividend is Wednesday, August 7th. Ford Motor’s dividend payout ratio is 61.86%.

Insider Buying and Selling

In other Ford Motor news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $12.09, for a total transaction of $982,119.06. Following the completion of the sale, the director now directly owns 168,601 shares in the company, valued at $2,038,386.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.80% of the stock is owned by insiders.

Institutional Trading of Ford Motor

Several hedge funds and other institutional investors have recently bought and sold shares of F. Greenleaf Trust boosted its stake in Ford Motor by 3.4% during the fourth quarter. Greenleaf Trust now owns 70,772 shares of the auto manufacturer’s stock worth $863,000 after buying an additional 2,317 shares in the last quarter. Wetzel Investment Advisors Inc. acquired a new stake in shares of Ford Motor during the 4th quarter valued at about $40,000. abrdn plc increased its stake in Ford Motor by 53.3% in the fourth quarter. abrdn plc now owns 1,653,673 shares of the auto manufacturer’s stock valued at $20,158,000 after acquiring an additional 574,916 shares during the period. OVERSEA CHINESE BANKING Corp Ltd raised its position in Ford Motor by 27.1% in the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 17,216 shares of the auto manufacturer’s stock worth $210,000 after purchasing an additional 3,671 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Ford Motor by 1.3% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 360,361 shares of the auto manufacturer’s stock worth $4,393,000 after purchasing an additional 4,500 shares during the period. 58.74% of the stock is currently owned by institutional investors and hedge funds.

About Ford Motor

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.