General Motors Company (GM) reported quarterly earnings results on Thursday, Jul-21-2016. The company said it had a profit of $1.86 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.35. Analysts had a consensus of $1.51. The company posted revenue of $42400.00 million in the period, compared to analysts expectations of $37319.22 million. The company’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.29 EPS.
Many Wall Street Analysts have commented on General Motors Company. Piper Jaffray Initiated General Motors Company on Jun 10, 2016 to “Overweight”, Price Target of the shares are set at $41.Company shares were Upgraded by Morgan Stanley on May 6, 2016 to ” Equal-Weight”, Firm has raised the Price Target to $ 29 from a previous price target of $28 .
General Motors Company opened for trading at $31.42 and hit $31.58 on the upside on Wednesday, eventually ending the session at $31.49, with a gain of 0.77% or 0.24 points. The heightened volatility saw the trading volume jump to 2,09,23,034 shares. Company has a market cap of $48,489 M.
In a different news, on Jun 1, 2016, James B. Deluca (Executive Vice President) sold 10,374 shares at $31.48 per share price. According to the SEC, on Feb 19, 2016, Karl-thomas Neumann (Executive Vice President) sold 1,379 shares at $27.23 per share price. On Dec 3, 2015, Daniel Ammann (President) sold 25,000 shares at $36.06 per share price, according to the Form-4 filing with the securities and exchange commission.
General Motors Company (General Motors) designs builds and sells cars trucks and automobile parts across the world. The Company also provides automotive financing services through General Motors Financial Company Inc. (GM Financial). The Company’s four automotive segments include GM North America (GMNA) GM Europe (GME) GM International Operations (GMIO) and GM South America (GMSA). The Company also sells cars and trucks to fleet customers including daily rental car companies commercial fleet customers leasing companies and governments. The Company offers 13 FlexFuel vehicles in the United States for the 2015 model year plus an additional four models to fleet and commercial customers capable of operating on gasoline E85 ethanol or any combination of the two.