Ford Q3 Results Top Estimates; Lifts FY17 Earnings View


Ford (Dearborn, MI), posted a quarterly profit of $1.56 billion, or 39 cents a share, up from $957 million, or 24 cents, a year earlier. The stock has risen 15% since then. Hinrichs Joseph R also sold $555,475 worth of Ford Motor Company (NYSE:F) shares. The average revenue per share growth rate of Ford Motor Co. during the past 12 months was -0.3 percent. State of Tennessee Treasury Department now owns 3,344,150 shares of the auto manufacturer's stock worth $42,036,000 after buying an additional 833,853 shares during the period. AT&T Inc. has 6.17 billion shares outstanding, and in the last trade has seen ATR around 0.69. During the same period past year, the business posted $0.26 EPS. Advisors Capital Management LLC raised its position in shares of Ford Motor by 21.2% during the third quarter. Donaldson Capital Management LLC now owns 13,851 shares of the auto manufacturer's stock valued at $155,000 after buying an additional 43 shares in the last quarter. Reilly Financial Advisors LLC increased its stake in shares of Ford Motor by 1.5% in the 2nd quarter.

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In other Ford Motor news, insider Joseph R. Hinrichs sold 40,000 shares of Ford Motor stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $11.00, for a total transaction of $886,864.00. The disclosure for this purchase can be found here. The Price to Sales (P/S) ratio of the stock is 0.31, while P/B (Price to Book) stands at 1.48. It also reduced Boeing Co (NYSE:BA) stake by 1,800 shares and now owns 11,751 shares.

Ford Motor Company (F) is recuperating from the fall at $10.47, the 52-week low. Earnings per share serves as an indicator of a company's profitability.

Ford's results came despite an overall decrease in wholesale vehicle volumes.

Automotive giant Ford Motor Co (F) reported Thursday significantly higher profit in its third quarter with higher revenues. Ford Motor had a net margin of 2.52% and a return on equity of 19.69%. The company's quarterly EPS surprised Wall Street by as much as -1% to the downside in its last earnings announcement, so investors should note this tendency when assessing consensus estimates. Ford's F-Series trucks had their strongest third-quarter performance in more than 10 years with more than a 14% increase year over year. Stockholders of record on Monday, October 23rd will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.98%. The ex-dividend date is Friday, October 20th. Ford Motor's payout ratio is 63.16%.

Ratings analysis reveals 50% of Koppers Holdings's analysts are positive. Finally, Piper Jaffray Companies reaffirmed a buy rating and set a $14.00 price target on shares of Ford Motor in a research note on Friday, July 28th. Four investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have issued a buy rating to the stock. Joe Hinrichs, Ford's president of global operations, said the company is confident in its technology and strategy relative to competitors.



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