General Motors (NYSE:GM) (TSE:GMM.U) – Jefferies Financial Group issued their FY2018 earnings per share (EPS) estimates for shares of General Motors in a research report issued to clients and investors on Thursday, July 5th. Jefferies Financial Group analyst P. Houchois anticipates that the auto manufacturer will earn $6.33 per share for the year. Jefferies Financial Group also issued estimates for General Motors’ FY2019 earnings at $6.40 EPS.
Get General Motors alerts:
General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings data on Thursday, April 26th. The auto manufacturer reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.19. The business had revenue of $36.10 billion for the quarter, compared to the consensus estimate of $34.67 billion. General Motors had a negative net margin of 3.76% and a positive return on equity of 23.03%. General Motors’s quarterly revenue was down 12.4% on a year-over-year basis. During the same quarter last year, the company posted $1.70 earnings per share.
Several other equities research analysts also recently issued reports on GM. JPMorgan Chase & Co. restated an “overweight” rating and issued a $55.00 price objective (down previously from $56.00) on shares of General Motors in a research note on Tuesday, March 13th. Morgan Stanley reiterated an “equal weight” rating and set a $45.00 price target (up previously from $44.00) on shares of General Motors in a research note on Wednesday, March 14th. Goldman Sachs Group reiterated a “sell” rating and set a $31.00 price target on shares of General Motors in a research note on Wednesday, March 28th. TheStreet downgraded shares of General Motors from a “b” rating to a “c+” rating in a research note on Tuesday, March 27th. Finally, Vetr downgraded shares of General Motors from a “strong-buy” rating to a “buy” rating and set a $41.50 price target on the stock. in a research note on Thursday, April 5th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $47.45.
Shares of General Motors opened at $39.75 on Monday, Marketbeat.com reports. The firm has a market capitalization of $55.19 billion, a PE ratio of 6.00, a P/E/G ratio of 1.11 and a beta of 1.65. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.73 and a current ratio of 0.86. General Motors has a 1 year low of $34.50 and a 1 year high of $46.76.
Large investors have recently modified their holdings of the company. Stelac Advisory Services LLC bought a new position in shares of General Motors in the first quarter valued at about $119,000. Pinnacle Financial Partners Inc. bought a new position in shares of General Motors in the first quarter valued at about $141,000. Advisors Preferred LLC raised its holdings in shares of General Motors by 407.7% in the first quarter. Advisors Preferred LLC now owns 3,904 shares of the auto manufacturer’s stock valued at $142,000 after buying an additional 3,135 shares during the last quarter. Knott David M bought a new position in shares of General Motors in the first quarter valued at about $182,000. Finally, Fieldpoint Private Securities LLC bought a new position in shares of General Motors in the first quarter valued at about $184,000. Institutional investors own 73.30% of the company’s stock.
In other news, EVP Alan S. Batey sold 215,685 shares of the business’s stock in a transaction on Friday, June 1st. The shares were sold at an average price of $43.01, for a total value of $9,276,611.85. Following the sale, the executive vice president now owns 84,594 shares in the company, valued at approximately $3,638,387.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.39% of the stock is currently owned by insiders.
The company also recently announced a quarterly dividend, which was paid on Friday, June 22nd. Stockholders of record on Friday, June 8th were paid a $0.38 dividend. The ex-dividend date of this dividend was Thursday, June 7th. This represents a $1.52 annualized dividend and a dividend yield of 3.82%. General Motors’s dividend payout ratio is presently 22.96%.
About General Motors
General Motors Company, together with its subsidiaries, designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.