Published On: Mon, Sep 19th, 2016

FY2019 EPS Estimates for Ford Motor Co. (F) Cut by Jefferies Group

Ford Motor Co. (NYSE:F) – Stock analysts at Jefferies Group cut their FY2019 earnings per share (EPS) estimates for shares of Ford Motor in a research report issued to clients and investors on Thursday. Jefferies Group analyst P. Houchois now forecasts that the brokerage will post earnings of $1.86 per share for the year, down from their previous forecast of $1.92. Jefferies Group has a “Sell” rating on the stock.
A number of other research analysts also recently issued reports on F. Vetr downgraded shares of Ford Motor from a “strong-buy” rating to a “buy” rating and set a $14.04 target price for the company. in a research report on Monday, May 23rd. TheStreet upgraded shares of Ford Motor to a “buy” rating in a research report on Thursday, May 26th. Barclays PLC reiterated an “equal weight” rating and issued a $14.00 price objective on shares of Ford Motor in a research report on Friday, May 27th. Citigroup Inc. reiterated a “buy” rating on shares of Ford Motor in a research report on Tuesday, May 31st. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of Ford Motor in a research report on Wednesday, June 1st. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Ford Motor currently has an average rating of “Hold” and an average price target of $14.38.
Ford Motor (NYSE:F) opened at 12.11 on Monday. Ford Motor has a one year low of $11.02 and a one year high of $15.84. The company has a 50 day moving average of $12.49 and a 200-day moving average of $13.05. The company has a market cap of $48.12 billion, a P/E ratio of 5.71 and a beta of 1.30.

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Ford Motor (NYSE:F) last issued its quarterly earnings data on Thursday, July 28th. The auto manufacturer reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.60 by $0.08. The firm had revenue of $39.50 million for the quarter, compared to analysts’ expectations of $36.29 billion. Ford Motor had a net margin of 5.35% and a return on equity of 30.49%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.47 EPS.
Several institutional investors have recently modified their holdings of the company. Mount Lucas Management LP raised its position in shares of Ford Motor by 60.3% in the first quarter. Mount Lucas Management LP now owns 1,885,747 shares of the auto manufacturer’s stock valued at $25,458,000 after buying an additional 709,103 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its stake in Ford Motor by 1.3% in the first quarter. Adage Capital Partners GP L.L.C. now owns 5,838,615 shares of the auto manufacturer’s stock worth $78,821,000 after buying an additional 72,800 shares during the period. Legal & General Group Plc raised its stake in Ford Motor by 3.3% in the first quarter. Legal & General Group Plc now owns 18,761,433 shares of the auto manufacturer’s stock worth $253,250,000 after buying an additional 597,065 shares during the period. Natixis raised its stake in Ford Motor by 1,101.7% in the first quarter. Natixis now owns 4,883,711 shares of the auto manufacturer’s stock worth $65,930,000 after buying an additional 4,477,314 shares during the period. Finally, Nuveen Asset Management LLC raised its stake in Ford Motor by 38.8% in the first quarter. Nuveen Asset Management LLC now owns 2,147,045 shares of the auto manufacturer’s stock worth $28,986,000 after buying an additional 600,568 shares during the period. Hedge funds and other institutional investors own 56.06% of the company’s stock.
In related news, Director John C. Lechleiter acquired 5,000 shares of the firm’s stock in a transaction dated Monday, August 8th. The shares were purchased at an average cost of $12.26 per share, for a total transaction of $61,300.00. Following the acquisition, the director now owns 25,000 shares in the company, valued at approximately $306,500. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.10% of the stock is currently owned by insiders.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Thursday, July 28th were issued a $0.15 dividend. The ex-dividend date was Tuesday, July 26th. This represents a $0.60 annualized dividend and a dividend yield of 4.95%. Ford Motor’s dividend payout ratio is currently 29.27%.
Ford Motor Company Profile
Ford Motor Company (Ford) is a global automotive and mobility company. The Company’s principal business includes designing, manufacturing, marketing, financing, and servicing a line of Ford cars, trucks, sports utility vehicles (SUVs), and electrified vehicles, as well as Lincoln luxury vehicles. The Company operates in two sectors: Automotive and Financial Services.

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