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

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

Ford Motor Price Performance

F stock traded down $0.18 during midday trading on Wednesday, reaching $9.98. The stock had a trading volume of 104,046,221 shares, compared to its average volume of 69,955,711. Ford Motor has a 52-week low of $9.49 and a 52-week high of $14.85. The company has a market cap of $39.65 billion, a price-to-earnings ratio of 11.34, a price-to-earnings-growth ratio of 1.96 and a beta of 1.63. The company’s fifty day simple moving average is $10.16 and its 200 day simple moving average 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.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on F shares. Royal Bank of Canada reiterated a “sector perform” rating and set a $10.00 price objective on shares of Ford Motor in a research report on Tuesday, October 29th. Jefferies Financial Group lowered shares of Ford Motor from a “hold” rating to an “underperform” rating and lowered their target price for the company from $12.00 to $9.00 in a research note on Monday, December 16th. Barclays lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $13.00 to $11.00 in a research note on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a research note on Wednesday, October 30th. Finally, Sanford C. Bernstein lowered 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 research note on Thursday, November 7th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $11.82.

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.