Ford Motor (NYSE:F) Releases Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Ford Motor (NYSE:F) posted its quarterly earnings results on Wednesday. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.04, Zacks reports. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%.

Ford Motor Price Performance

Shares of NYSE:F traded down $0.18 during mid-day trading on Wednesday, reaching $9.98. The stock had a trading volume of 110,184,614 shares, compared to its average volume of 70,564,625. The company has a market cap of $39.65 billion, a P/E ratio of 11.34, a price-to-earnings-growth ratio of 1.96 and a beta of 1.63. The business’s 50 day moving average price is $10.16 and its 200 day moving average price is $10.62. The company has a current ratio of 1.15, a quick ratio of 0.98 and a debt-to-equity ratio of 2.34. Ford Motor has a 1 year low of $9.49 and a 1 year high of $14.85.

Analyst Ratings Changes

A number of analysts have commented on the company. Barclays lowered Ford Motor from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $13.00 to $11.00 in a report on Wednesday, January 22nd. Jefferies Financial Group downgraded shares of Ford Motor from a “hold” rating to an “underperform” rating and lowered their price objective for the company from $12.00 to $9.00 in a research report on Monday, December 16th. Sanford C. Bernstein cut shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 target price for the company. in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Wednesday, October 30th. Finally, Wolfe Research reaffirmed an “underperform” rating on shares of Ford Motor in a report on Thursday, December 5th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $11.82.

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.