General Motors's revenue for the quarter was down 7.7% on a year-over-year basis. equities research analysts forecast that General Motors will post 6.42 EPS for the current year. Assets fell from $33.6 billion, to $24 billion. The business is expected to report its next quarterly earnings report after the market closes on Wednesday, January 24th.
A variety of factors played out in GM's favor during the last quarter and full year, notably including the ongoing shift from relatively low-profit passenger cars to higher-profit trucks - including both crossover models and, among GM's most profitable products, pickups like the Chevrolet Silverado that is getting a complete makeover for the 2019 model-year. GM Financial saw net charge-offs decline 40 basis points in the fourth quarter to 2.2% of the average retail finance receivables, as compared to the same period a year prior, according to the report. Lenox Wealth Advsr stated it has 0% of its portfolio in General Motors Company (NYSE:GM). While it's Return on Investment (ROI) value is 2.3%.
"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 equities research analysts have weighed in on GM shares. The company was maintained on Monday, October 16 by Piper Jaffray. Morgan Stanley reissued a "sell" rating and set a $10.00 target price (up from $9.00) on shares of Ford Motor in a report on Tuesday, October 31st.
Moving average convergence divergence (MACD) shows that the stock is on a PRICE RELATIVITY trend. Ford Motor now has a consensus rating of "Hold" and a consensus target price of $12.54. As per Monday, September 21, the company rating was maintained by Deutsche Bank.
When looking at the investment recommendation on say a scale of 1 to 5 (1 being a strong buy, 3 a hold, and 5 a sell), F is given a 3.00 while 1.70 placed for TELL. Rhumbline Advisers has invested 0.2% in General Motors Company (NYSE:GM). Lombard Odier Asset Management Usa Corp sold 9,000 shares as the company's stock declined 12.09% while stock markets rallied. The company has a current ratio of 1.23, a quick ratio of 1.12 and a debt-to-equity ratio of 2.94. Its 52-week high and low range is between $46.76 and $31.92. Stockholders of record on Tuesday, January 30th will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, March 8th. Ford Motor's dividend payout ratio (DPR) is presently 31.58%. Also, insider Barry L. Engle II sold 50,443 shares of the company's stock in a transaction that occurred on Monday, December 4th. They now have a $12.00 price objective on the auto manufacturer's stock. Royal Bancshares Of Scotland Grp Inc Public Ltd Co reported 48,200 shares. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Piper Jaffray initiated Ford Motor Company (NYSE:F) rating on Friday, June 10. The disclosure for this sale can be found here. The stock increased 5.87% or $2.32 during the last trading session, reaching $41.86.More news: Ramaphosa Promises Quick End to Zuma Saga
Analyst Recommendation is an outlook of a stock-market analyst on a stock.
Hedge funds have recently added to or reduced their stakes in the company. And earnings per share rose 21.3% to $1.65.
The solid performance from GM underscores the current struggles of cross-town rival Ford Motor Co (F.N) to boost its own profitability. Pzena Investment Management LLC increased its holdings in shares of Ford Motor by 6.7% during the 3rd quarter. The firm has a market capitalization of $43,400.00, a PE ratio of 5.78, a price-to-earnings-growth ratio of 0.61 and a beta of 1.14. Tompkins Financial invested in 400 shares or 0% of the stock. Chevy Chase Trust Holdings Inc. increased its holdings in shares of Ford Motor by 1.7% during the 3rd quarter.
On 10/27/2017 Charles K Stevens III, CFO, sold 265,458 with an average share price of $44.49 per share and the total transaction amounting to $11,810,226.42. Bank of New York Mellon Corp lifted its stake in Ford Motor by 7.6% in the 3rd quarter.
The Detroit automaker's existing operations in the fourth quarter lost $4.9 billion on $37.7 billion in revenue. If you are viewing this piece of content on another domain, it was illegally copied and reposted in violation of US & worldwide trademark & copyright law.
General Motors CEO Barra, who was considered a lightweight when she took the CEO job, is now being lauded by the media as a visionary who has firmed up the balance sheet, cut unprofitable ventures and delivered consistent profits while investing in the future.