General Motors (GM) Expected to Announce Quarterly Earnings on Tuesday

General Motors (NYSE:GM) (TSE:GMM.U) will likely be posting its quarterly earnings results before the market opens on Tuesday, January 28th. Analysts expect General Motors to post earnings of $1.75 per share and revenue of $42,286,258.04 billion for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, October 22nd. The auto manufacturer reported $2.96 EPS for the quarter, beating analysts’ consensus estimates of $2.49 by $0.47. The company had revenue of $48.76 billion for the quarter, compared to analyst estimates of $44.67 billion. General Motors had a net margin of 6.06% and a return on equity of 16.30%. General Motors’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the business posted $2.28 earnings per share. On average, analysts expect General Motors to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

General Motors Trading Down 1.8 %

NYSE GM opened at $50.90 on Tuesday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.21. The firm has a market cap of $55.97 billion, a PE ratio of 5.43, a P/E/G ratio of 0.36 and a beta of 1.42. General Motors has a one year low of $34.32 and a one year high of $61.24. The firm’s fifty day moving average is $53.60 and its two-hundred day moving average is $49.66.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Mizuho lifted their price objective on shares of General Motors from $59.00 to $62.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Morgan Stanley upgraded shares of General Motors from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $46.00 to $54.00 in a research note on Tuesday, December 10th. Sanford C. Bernstein boosted their price target on shares of General Motors from $53.00 to $55.00 and gave the stock a “market perform” rating in a research note on Friday, October 25th. Wells Fargo & Company dropped their price target on shares of General Motors from $38.00 to $35.00 and set an “underweight” rating on the stock in a research note on Monday, December 16th. Finally, UBS Group boosted their price target on shares of General Motors from $62.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $59.68.

Insider Buying and Selling at General Motors

In other news, President Mark L. Reuss sold 122,283 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $55.16, for a total value of $6,745,130.28. Following the completion of the transaction, the president now owns 126,907 shares of the company’s stock, valued at $7,000,190.12. The trade was a 49.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Craig B. Glidden sold 383,142 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $56.63, for a total transaction of $21,697,331.46. Following the transaction, the executive vice president now directly owns 122,465 shares of the company’s stock, valued at $6,935,192.95. This trade represents a 75.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,030,475 shares of company stock valued at $56,509,286 over the last quarter. Corporate insiders own 0.72% of the company’s stock.

General Motors Company Profile

General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts; and provide software-enabled services and subscriptions worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brand names.