We will be updating our model for Ford Motors based on the above earnings which can lead to a change in our price estimate for the company. Hinrichs Joseph R also sold $555,475 worth of Ford Motor Company (NYSE:F) shares. Currently, 4.01 billion total shares are owned by the public and among those 3.81 billion shares have been available to trade. Ford's revenue increased from $35.94 billion to $36.45 billion.
Ford CEO Jim Hackett is now trying to leverage money makers like the F-Series to accelerate investments in models that don't offer an immediate payback - self-driving cars and electric vehicles. AE Wealth Management LLC lifted its holdings in Ford Motor by 37.5% during the first quarter. The automaker predicts full year earnings ranging from $1.75 to $1.85 per share. Finally, Natixis increased its stake in Ford Motor by 1,101.7% in the first quarter. Live Your Vision Limited Liability Corporation holds 0% in Ford Motor Company (NYSE:F) or 229 shares.
Ford Motor Co. (F) now has a Return on Assets (ROA) value of 1.6 Percent. Nomura initiated Ford Motor Company (NYSE:F) rating on Tuesday, September 20. Deutsche Bank AG restated a "hold" rating and set a $14.00 target price on shares of Ford Motor in a report on Friday, June 30th. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have assigned a buy rating to the company. The consensus 12-month price target on the stock was $12.27 before this morning's report.
Analysts on average have given a price target of $11.91 to Ford Motor Co. The percentage of shares being held by the company management was 0.1% while institutional stake was 56.9%. Also, insider Steven R. Armstrong sold 22,076 shares of the business's stock in a transaction on Wednesday, October 4th. The shares were bought at an average cost of $12.26 per share, for a total transaction of $61,300.00. Following the transaction, the insider now directly owns 532,435 shares in the company, valued at approximately $6,037,812.90. The disclosure for this purchase can be found here. Grimes And Com has invested 0.21% in Ford Motor Company (NYSE:F). Taking a step further, the 8.06 will indicate how the company is expected to do going forward. The company says that it is tightening its earnings per share outlook to the high end of its previous range. The stock has a market capitalization of $47.74 billion, a price-to-earnings ratio of 12.65 and a beta of 1.12. The stock has a 50 day moving average price of $12.18 and a 200-day moving average price of $12.81.More news: 'Alarming Study' on Chemicals in Baby Food Lacks Evidence
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Ford also blamed commodity prices and the launch of its new Fiesta for an $86 million loss in Europe, having reported a profit of $310 million for the division in the third quarter past year. The auto manufacturer reported $0.43 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.33 by $0.10. They expect this year's earnings to rise 3.87% year-over-year to $2.95, followed by 2.37% growth in the next year to $3.02. Quarterly revenue rose to $33.6 billion from $33.3 billion in 2016's third quarter.
In North America, Ford saw its pre-tax profits increase of $0.4 billion a year ago to $1.7 billion.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st.