FY2024 EPS Estimates for Ford Motor Cut by Zacks Research

Ford Motor (NYSE:F) – Equities research analysts at Zacks Research lowered their FY2024 earnings per share estimates for Ford Motor in a research note issued to investors 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 $1.82 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 earnings results on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The business had revenue of $46.20 billion during the quarter, compared to analysts’ expectations of $45.13 billion. During the same quarter in the prior year, the firm earned $0.39 earnings per share. The business’s revenue was up 5.5% compared to the same quarter last year.

Several other research firms have also recently commented on F. Evercore ISI raised Ford Motor to a “hold” rating in a report on Friday, July 26th. The Goldman Sachs Group raised Ford Motor from a “neutral” rating to a “buy” rating and raised their target price for the stock from $12.00 to $13.00 in a research note on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft cut their target price 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. Wolfe Research initiated coverage on Ford Motor in a research note on Thursday, September 5th. They set a “peer perform” rating for the company. Finally, StockNews.com raised Ford Motor from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $12.02.

Ford Motor Price Performance

NYSE:F opened at $10.73 on Wednesday. Ford Motor has a one year low of $9.49 and a one year high of $14.85. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.98 and a current ratio of 1.15. The stock has a market cap of $42.62 billion, a PE ratio of 12.19, a P/E/G ratio of 2.00 and a beta of 1.62. The stock has a 50 day moving average price of $10.82 and a 200 day moving average price of $11.48.

Ford Motor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 5.59%. The ex-dividend date of this dividend is Thursday, November 7th. Ford Motor’s dividend payout ratio is presently 68.18%.

Institutional Investors Weigh In On Ford Motor

Several institutional investors have recently modified their holdings of F. Insight Wealth Partners LLC raised its holdings in Ford Motor by 1.9% in the 2nd quarter. Insight Wealth Partners LLC now owns 44,144 shares of the auto manufacturer’s stock valued at $554,000 after acquiring an additional 843 shares during the last quarter. Pallas Capital Advisors LLC raised its holdings in Ford Motor by 2.9% in the 2nd quarter. Pallas Capital Advisors LLC now owns 29,850 shares of the auto manufacturer’s stock valued at $374,000 after acquiring an additional 846 shares during the last quarter. Freestone Capital Holdings LLC raised its holdings in Ford Motor by 5.0% in the 1st quarter. Freestone Capital Holdings LLC now owns 18,346 shares of the auto manufacturer’s stock valued at $244,000 after acquiring an additional 875 shares during the last quarter. Hilltop National Bank raised its holdings in Ford Motor by 7.1% in the 2nd quarter. Hilltop National Bank now owns 14,159 shares of the auto manufacturer’s stock valued at $178,000 after acquiring an additional 944 shares during the last quarter. Finally, Meridian Financial Partners LLC raised its holdings in Ford Motor by 1.1% in the 3rd quarter. Meridian Financial Partners LLC now owns 85,471 shares of the auto manufacturer’s stock valued at $903,000 after acquiring an additional 953 shares during the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

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.