Ford Motor FY2024 EPS Forecast Reduced by Zacks Research

Ford Motor (NYSE:F) – Research analysts at Zacks Research lowered their FY2024 earnings estimates for Ford Motor in a report released on Monday, November 18th. Zacks Research analyst R. Singhi now forecasts that the auto manufacturer will earn $1.82 per share for the year, down from their prior estimate of $1.88. The consensus estimate for Ford Motor’s current full-year earnings is $1.81 per share. Zacks Research also issued estimates for Ford Motor’s Q1 2025 earnings at $0.42 EPS, Q2 2025 earnings at $0.47 EPS, Q4 2025 earnings at $0.39 EPS, Q1 2026 earnings at $0.44 EPS, Q2 2026 earnings at $0.44 EPS and Q3 2026 earnings at $0.45 EPS.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.02. The firm had revenue of $46.20 billion during the quarter, compared to analyst estimates of $45.13 billion. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. Ford Motor’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.39 EPS.

Several other equities research analysts have also commented on F. The Goldman Sachs Group raised shares of Ford Motor from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $12.00 to $13.00 in a report on Tuesday, October 1st. Evercore ISI raised shares of Ford Motor to a “hold” rating in a research note on Friday, July 26th. Barclays decreased their price target on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft cut their price objective on Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a research note on Wednesday, October 30th. Finally, Sanford C. Bernstein lowered Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price target on the stock. in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $12.02.

Ford Motor Stock Up 0.7 %

Ford Motor stock opened at $10.81 on Wednesday. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.15 and a quick ratio of 0.98. The stock has a market capitalization of $42.94 billion, a PE ratio of 12.28, a price-to-earnings-growth ratio of 2.01 and a beta of 1.62. The business has a 50 day simple moving average of $10.82 and a 200-day simple moving average of $11.47. Ford Motor has a 12 month low of $9.49 and a 12 month high of $14.85.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Olistico Wealth LLC acquired a new position in Ford Motor in the second quarter valued at approximately $25,000. Family Firm Inc. acquired a new position in shares of Ford Motor in the 2nd quarter valued at $26,000. Quarry LP purchased a new position in shares of Ford Motor during the 2nd quarter worth $27,000. Ridgewood Investments LLC acquired a new stake in shares of Ford Motor during the 2nd quarter worth about $28,000. Finally, Kimelman & Baird LLC purchased a new stake in Ford Motor in the 2nd quarter valued at about $30,000. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.55%. The ex-dividend date of this dividend is Thursday, November 7th. Ford Motor’s dividend payout ratio (DPR) is presently 68.18%.

About Ford Motor

Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.