Ford Motor (NYSE:F) Posts Earnings Results, Beats Estimates By $0.02 EPS

Ford Motor (NYSE:F) issued its earnings results on Monday. The auto manufacturer reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.02, Briefing.com reports. Ford Motor had a net margin of 2.13% and a return on equity of 15.28%. The business had revenue of $46.20 billion for the quarter, compared to analyst estimates of $45.13 billion. During the same period in the previous year, the business earned $0.39 EPS. The firm’s revenue was up 5.5% on a year-over-year basis.

Ford Motor Price Performance

F opened at $11.37 on Tuesday. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.17 and a quick ratio of 1.00. The stock has a market capitalization of $45.39 billion, a P/E ratio of 11.72, a price-to-earnings-growth ratio of 1.58 and a beta of 1.62. The company’s 50 day simple moving average is $10.84 and its 200-day simple moving average is $11.67. Ford Motor has a one year low of $9.49 and a one year high of $14.85.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on F shares. StockNews.com raised Ford Motor from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Barclays decreased their price target on Ford Motor from $16.00 to $14.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 15th. Royal Bank of Canada dropped their price objective on Ford Motor from $13.00 to $10.00 and set a “sector perform” rating for the company in a research note on Monday, August 12th. Morgan Stanley downgraded shares of Ford Motor from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $16.00 to $12.00 in a research note on Wednesday, September 25th. Finally, The Goldman Sachs Group upgraded shares of Ford Motor from a “neutral” rating to a “buy” rating and increased their target price for the stock from $12.00 to $13.00 in a research report on Tuesday, October 1st. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $12.56.

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.