Ford Motor (NYSE:F) Reports Quarterly Earnings, Slightly Misses Estimates

Ford Motor (NYSE:F) announced its quarterly earnings on Monday, revealing that the auto manufacturer earned $0.49 per share for the quarter. This figure fell short of analysts' expectations, which were set at $0.50, resulting in a miss by $0.01. Despite the earnings miss, Ford reported a revenue of $46.20 billion for the quarter, exceeding the analysts' consensus estimate of $45.13 billion.

The company reported a net margin of 2.13% and a return on equity of 15.28%. Ford's revenue represents a growth of 5.5% compared to the same quarter last year, during which the company earned $0.39 per share.

Stock Performance

During mid-day trading on Monday, Ford Motor's stock rose by 2.7%, gaining $0.30 and reaching $11.37. A total of 87,970,648 shares changed hands, significantly more than the average volume of 53,178,555. Ford 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 seen a 52-week range with a low of $9.49 and a high of $14.85. The current 50-day moving average stands at $10.83, while the 200-day moving average is at $11.68. Ford Motor has a market capitalization of $45.39 billion and a price-to-earnings ratio of 11.64.

Analysts' Outlook

Ford Motor has been featured in various investor research reports recently. Goldman Sachs upgraded Ford's rating from "neutral" to "buy" and raised the target price from $12.00 to $13.00. StockNews.com shifted its rating from "sell" to "hold." Morgan Stanley adjusted Ford’s rating from "overweight" to "equal weight" and decreased its price target from $16.00 to $12.00. Meanwhile, Deutsche Bank issued a "hold" rating with a price target of $11.00. Royal Bank of Canada reduced its price target from $13.00 to $10.00, maintaining a "sector perform" rating. The overall consensus shows two analysts rating the stock as a sell, ten as a hold, and four as a buy, with an average rating of "Hold" and a consensus price target of $12.56.

About Ford Motor Company

Ford Motor Company is engaged in developing, delivering, and servicing a wide range of vehicles including Ford trucks, commercial cars, vans, sport utility vehicles, and Lincoln luxury vehicles. The company operates through several segments: Ford Blue, Ford Model e, Ford Pro, Ford Next, and Ford Credit. Its products and services are available through distributors and dealers as well as to commercial fleet customers, daily rental companies, and government agencies.

Ford, Earnings, Stock