After profit beat, GM looks to trucks, SUVs to rev up margins
09 February, 2018, 04:59 | Author: Sheri Evans
According to a consensus forecast gathered by Thomson Reuters, analysts had anticipated earnings-per-share of $1.38. According to their predictions high & low revenue estimates are 35.16 Billion and 31.72 Billion respectively. The prevailing figure will allow the investment community to determine the size of General Motors Company in contrast to the sales or total assets figures. A consensus recommendation provides a snapshot of current thinking about a stock, so it can serve as a benchmark against which you can compare a single analyst's opinion to gauge how mainstream it is.
"Improvements in all operating segments and an intense focus on cost reductions generated a record quarter and another record year", Stevens said in the release.
Several research analysts recently weighed in on GM shares. TheStreet upgraded Ford Motor from a "c+" rating to a "b-" rating in a research note on Thursday, October 5th. The stock of General Motors Company (NYSE:GM) earned "Buy" rating by Seaport Global on Tuesday, August 9.
Twitter, Inc. (TWTR) analysts on average have given a price target of $21.16 on TWTR stock. Checchi Capital Advisers LLC now owns 12,869 shares of the auto manufacturer's stock valued at $528,000 after purchasing an additional 1,878 shares during the last quarter. Jefferies maintained Ford Motor Company (NYSE:F) on Monday, August 7 with "Hold" rating. The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell. Royal Bank of Canada increased their price objective on shares of General Motors from $44.00 to $51.00 and gave the company a "sector perform" rating in a report on Wednesday, October 25th. Signalpoint Asset Ltd Co invested 0.12% in General Motors Company (NYSE:GM). The company set a $8 billion capital budget for 2018, which will include $1 billion to be spent on autonomous cars. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 1.54. Ford Motor has a 12 month low of $10.47 and a 12 month high of $13.48. Northwestern Mutual Wealth Management reported 0.04% of its portfolio in General Motors Company (NYSE:GM). Although it lost $4.9 billion on a GAAP basis, using standard accounting rules, it said it had EBITDA of $3.1 billion non-GAAP. The ex-dividend date of this dividend is Monday, January 29th. It is meant to chart the current and historical strength or weakness of a stock or market based on the closing prices of a recent trading period. Bell Bancorporation owns 298,537 shares. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Goldman Sachs downgraded the shares of F in report on Friday, July 29 to "Neutral" rating. The company still sells at less than 9 times earnings, making it very cheap on a price-to-earnings basis. Partner Invest Mgmt LP owns 81,569 shares for 4.18% of their portfolio. The disclosure for this sale can be found here. The volume of the company in the last trading session was 25.96 Million. The stock has "Hold" rating by Barclays Capital on Tuesday, December 12.
Hedge funds have recently added to or reduced their stakes in the company. Kings Point Capital Mngmt reported 1,900 shares.
The stock is now showing YTD performance of 2.12 Percent.
In the past 5 years, the stock showed growth of 25.87% per annum. Amer Natl Registered Investment Advisor Inc accumulated 42,425 shares or 0.25% of the stock. Chevy Chase Trust Holdings Inc. increased its holdings in shares of Ford Motor by 1.7% during the 3rd quarter. FARLEY JR JAMES D had sold 25,000 shares worth $285,000. Finally, Strs Ohio increased its holdings in shares of Ford Motor by 3.8% during the 3rd quarter. Natl Pension Ser holds 3.37M shares or 0.22% of its portfolio.
The Detroit automaker's existing operations in the fourth quarter lost $4.9 billion on $37.7 billion in revenue. If you are reading this piece of content on another website, it was copied illegally and republished in violation of United States and worldwide copyright & trademark law. Owing less to Uncle Sam will lift profit by about ¥346 billion ($3.1 billion) at Honda Motor Co. and ¥290 billion at Toyota Motor Corp.in the fiscal year ending in March, according to the companies.
General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts.
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