What to Expect When Ford Reports After the Close
Ford is scheduled to release its most recent quarterly results after the markets close on Wednesday, and Wall Street expectations are muted.
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Ford Motor Co. (NYSE: F | F Price Prediction) is scheduled to release its most recent quarterly results after the markets close on Wednesday. Thomson Reuters has consensus estimates calling for $0.32 in earnings per share (EPS) and $37.01 billion in revenue. The fourth quarter of last year reportedly had $0.39 in EPS and $38.5 billion in revenue.
Earlier this month, the automaker announced an alliance with Volkswagen that may be the very definition of a nonevent. Investors certainly weren’t impressed.
At that time, Ford filed two reports with the U.S. Securities and Exchange Commission (SEC), one including a presentation made at the Wolfe Research industry conference and the other including preliminary financial results for 2018.
Looking at the second filing first, Ford said it expects full-year earnings per share (EPS) of $0.92 and adjusted EPS of $1.30. The consensus estimate for adjusted EPS was $1.33 at the time, still far below the $1.78 the company reported for 2017. The company also said it will pay its same dividend ($0.15 per quarter) for the first quarter of 2019.
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At the most recent closing price, the yield on that dividend is 7.2%. The company has a total addressable market cap of nearly $34 billion.
Overall, Ford has outperformed the broad markets in 2019 alone, with the stock up about 12%. However, the stock is down 28% over the past 52 weeks.
A few analysts weighed in on Ford ahead of the results:
- Jefferies has a Buy rating with an $11 price target.
- BMO Capital Markets has a Hold rating and an $8.50 target.
- Barclays has a Hold rating with a $9 price target.
- Deutsche Bank has a Buy rating.
- Berenberg Bank has a Sell rating and a $6 target.
Shares of Ford were last seen at $8.45, in a 52-week range of $7.41 to $12.15. The consensus analyst price target is $9.89.
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Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics. Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications. A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.
