Ford Motor (NYSE:F) Trading 3.4% Higher Following Better-Than-Expected Earnings

Ford Motor (NYSE:F)’s share price was up 3.4% during trading on Tuesday following a stronger than expected earnings report. The stock traded as high as $10.62 and last traded at $10.52. Approximately 58,141,599 shares were traded during mid-day trading, a decline of 21% from the average daily volume of 73,783,250 shares. The stock had previously closed at $10.17.

The auto manufacturer reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.16. The company had revenue of $40.66 billion for the quarter, compared to the consensus estimate of $35.99 billion. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. Ford Motor’s revenue was down 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.49 EPS.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 12th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.69%. The ex-dividend date of this dividend is Monday, May 12th. Ford Motor’s dividend payout ratio is 41.10%.

Analyst Ratings Changes

A number of research firms have recently commented on F. Wells Fargo & Company cut their price target on shares of Ford Motor from $9.00 to $8.00 and set an “underweight” rating on the stock in a report on Thursday, February 6th. UBS Group cut their price target on Ford Motor from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Thursday, April 10th. JPMorgan Chase & Co. raised their target price on shares of Ford Motor from $11.00 to $12.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. Citigroup began coverage on Ford Motor in a research note on Wednesday, April 23rd. They issued a “neutral” rating and a $10.00 price target for the company. Finally, TD Cowen assumed coverage on Ford Motor in a report on Friday, March 7th. They set a “hold” rating and a $10.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $9.83.

Institutional Investors Weigh In On Ford Motor

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in shares of Ford Motor by 16.6% during the 4th quarter. Vanguard Group Inc. now owns 402,083,883 shares of the auto manufacturer’s stock worth $3,980,630,000 after purchasing an additional 57,182,803 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Ford Motor by 5.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 129,106,379 shares of the auto manufacturer’s stock valued at $1,278,153,000 after purchasing an additional 6,497,321 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Ford Motor by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 84,078,284 shares of the auto manufacturer’s stock valued at $830,662,000 after buying an additional 2,089,127 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Ford Motor by 11.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 46,508,882 shares of the auto manufacturer’s stock worth $460,444,000 after purchasing an additional 4,925,993 shares in the last quarter. Finally, Norges Bank purchased a new position in Ford Motor in the 4th quarter valued at approximately $387,282,000. 58.74% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Price Performance

The company has a 50 day moving average of $9.73 and a 200 day moving average of $10.07. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16. The stock has a market capitalization of $41.79 billion, a price-to-earnings ratio of 7.21, a PEG ratio of 0.61 and a beta of 1.41.

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.