Equities analysts predict that General Motors (NYSE:GM) (TSE:GMM.U) will announce earnings per share of $1.14 for the current quarter, according to Zacks. Two analysts have issued estimates for General Motors’ earnings, with the lowest EPS estimate coming in at $0.90 and the highest estimate coming in at $1.48. General Motors reported earnings of $1.43 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 20.3%. The firm is expected to report its next earnings results on Thursday, April 25th.
On average, analysts expect that General Motors will report full-year earnings of $6.48 per share for the current fiscal year, with EPS estimates ranging from $5.94 to $7.00. For the next fiscal year, analysts expect that the firm will report earnings of $6.14 per share, with EPS estimates ranging from $4.55 to $7.00. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover General Motors.
General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Wednesday, February 6th. The auto manufacturer reported $1.43 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 during the quarter, compared to the consensus estimate of $36.31 billion. During the same period in the previous year, the business earned $1.65 EPS. The business’s quarterly revenue was up 1.8% on a year-over-year basis.
A number of brokerages recently commented on GM. Barclays restated a “buy” rating and set a $49.00 price objective on shares of General Motors in a research note on Monday, January 14th. Deutsche Bank began coverage on General Motors in a research note on Thursday, December 13th. They set a “buy” rating for the company. Zacks Investment Research upgraded General Motors from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Friday, November 16th. Citigroup upped their price objective on General Motors to $67.00 and gave the stock a “buy” rating in a research note on Friday, February 8th. Finally, Seaport Global Securities began coverage on General Motors in a research note on Wednesday, February 13th. They set a “buy” rating for the company. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. General Motors currently has an average rating of “Buy” and an average target price of $46.97.
Shares of NYSE GM traded up $0.04 during trading on Friday, reaching $38.07. The stock had a trading volume of 16,854,723 shares, compared to its average volume of 10,258,409. General Motors has a one year low of $30.56 and a one year high of $45.00. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 1.71. The company has a market capitalization of $54.69 billion, a price-to-earnings ratio of 5.82, a price-to-earnings-growth ratio of 0.70 and a beta of 1.28.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 22nd. Shareholders of record on Friday, March 8th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, March 7th. This represents a $1.52 dividend on an annualized basis and a yield of 3.99%. General Motors’s dividend payout ratio (DPR) is presently 23.24%.
In other General Motors news, VP Christopher Hatto sold 8,499 shares of the business’s stock in a transaction 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 transaction, the vice president now owns 10,040 shares in the company, valued at approximately $401,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Alan S. Batey sold 70,266 shares of the business’s stock in a transaction 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 transaction, 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.
A number of hedge funds have recently made changes to their positions in the business. BerganKDV Wealth Management LLC lifted its holdings in shares of General Motors by 21.0% in the fourth quarter. BerganKDV Wealth Management LLC now owns 1,726 shares of the auto manufacturer’s stock valued at $58,000 after buying an additional 300 shares during the period. Bessemer Group Inc. lifted its holdings in shares of General Motors by 22.5% in the fourth quarter. Bessemer Group Inc. now owns 1,741 shares of the auto manufacturer’s stock valued at $59,000 after buying an additional 320 shares during the period. Cornerstone Advisors Inc. lifted its holdings 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. Pekin Singer Strauss Asset Management IL lifted its holdings in shares of General Motors by 1.7% in the fourth quarter. Pekin Singer Strauss Asset Management IL now owns 20,958 shares of the auto manufacturer’s stock valued at $701,000 after buying an additional 350 shares during the period. Finally, Capital Investment Advisors LLC raised its position in shares of General Motors by 2.3% during the fourth quarter. Capital Investment Advisors LLC now owns 15,927 shares of the auto manufacturer’s stock worth $533,000 after purchasing an additional 361 shares during the period. Institutional investors own 76.93% of the company’s stock.
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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