Ford Motor Company (F) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $0.68 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.21. Analysts had a consensus of $0.47. The company posted revenue of $35257.00 million in the period, compared to analysts expectations of $35840.24 million. The company’s revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS.
Many Wall Street Analysts have commented on Ford Motor Company. Ford Motor Company was Downgraded by BofA/Merrill to ” Neutral” on Apr 29, 2016. Credit Suisse Downgraded Ford Motor Company on Feb 24, 2016 to ” Underperform”, Price Target of the shares are set at $13.
Ford Motor Company opened for trading at $13.64 and hit $13.71 on the upside on Wednesday, eventually ending the session at $13.66, with a gain of 0.44% or 0.06 points. The heightened volatility saw the trading volume jump to 2,71,51,410 shares. Company has a market cap of $54,224 M.
In a different news, on Apr 6, 2016, Mark Fields (President and CEO) sold 757,730 shares at $12.82 per share price. According to the SEC, on Mar 7, 2016, William Clay Jr Ford (Exec. Chairman and Chairman) sold 1,090,000 shares at $13.60 per share price. On Mar 4, 2016, Hau N Thai-tang (Group Vice President) sold 19,799 shares at $13.52 per share price, according to the Form-4 filing with the securities and exchange commission.
Ford Motor Company (Ford) manufactures or distributes automobiles across six continents. The Company operates in two sectors: Automotive and Financial Services. Automotive sector includes North America South America Europe Middle East & Africa and Asia Pacific segments. Financial Services sector includes Ford Motor Credit Company and Other Financial Services segments. Its automotive brands include Ford and Lincoln. Other Financial Services includes a range of businesses including holding companies and real estate-related activities. The Company has around 62 plants across the world. Through its wholly owned subsidiary Ford Motor Credit Company LLC it provides automotive financing products to and through automotive dealers throughout the world.