Research Analysts Issue Forecasts for General Motors’ Q2 2018 Earnings (GM)

General Motors (NYSE:GM) (TSE:GMM.U) – Investment analysts at Jefferies Financial Group issued their Q2 2018 earnings estimates for General Motors in a report issued on Thursday, July 5th. Jefferies Financial Group analyst P. Houchois expects that the auto manufacturer will earn $1.83 per share for the quarter.

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Several other research analysts also recently commented on GM. Zacks Investment Research raised shares of General Motors from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research note on Thursday, June 28th. ValuEngine downgraded shares of General Motors from a “buy” rating to a “hold” rating in a research note on Thursday, June 21st. Citigroup reaffirmed a “hold” rating and issued a $70.00 price target on shares of General Motors in a research note on Friday, April 27th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $55.00 price target (down previously from $56.00) on shares of General Motors in a research note on Tuesday, March 13th. Finally, Bank of America reaffirmed a “buy” rating and issued a $60.00 price target on shares of General Motors in a research note on Friday, June 15th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $47.45.

General Motors opened at $39.47 on Friday, Marketbeat Ratings reports. The stock has a market capitalization of $54.93 billion, a P/E ratio of 6.20, a P/E/G ratio of 1.10 and a beta of 1.64. General Motors has a 12 month low of $34.50 and a 12 month high of $46.76. The company has a current ratio of 0.86, a quick ratio of 0.73 and a debt-to-equity ratio of 1.96.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Thursday, April 26th. The auto manufacturer reported $1.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.19. The company 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%. The firm’s revenue was down 12.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.70 EPS.

Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of General Motors by 1.4% in the 1st quarter. BlackRock Inc. now owns 78,008,491 shares of the auto manufacturer’s stock valued at $2,834,827,000 after buying an additional 1,086,199 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of General Motors by 13.7% in the 1st quarter. Franklin Resources Inc. now owns 24,874,605 shares of the auto manufacturer’s stock valued at $903,943,000 after buying an additional 3,005,964 shares in the last quarter. LSV Asset Management boosted its holdings in shares of General Motors by 3.7% in the 1st quarter. LSV Asset Management now owns 11,199,985 shares of the auto manufacturer’s stock valued at $407,007,000 after buying an additional 404,722 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of General Motors by 78.1% in the 4th quarter. Millennium Management LLC now owns 6,810,691 shares of the auto manufacturer’s stock valued at $279,170,000 after buying an additional 2,986,293 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its holdings in shares of General Motors by 11.7% in the 4th quarter. Clearbridge Investments LLC now owns 5,909,082 shares of the auto manufacturer’s stock valued at $242,213,000 after buying an additional 616,703 shares in the last quarter. Institutional investors and hedge funds own 73.30% of the company’s stock.

In other General Motors news, EVP Alan S. Batey sold 215,685 shares of the firm’s stock in a transaction dated Friday, June 1st. The shares were sold at an average price of $43.01, for a total transaction of $9,276,611.85. Following the transaction, the executive vice president now owns 84,594 shares of the company’s stock, valued at approximately $3,638,387.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.39% of the company’s stock.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 22nd. Shareholders of record on Friday, June 8th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date was Thursday, June 7th. General Motors’s dividend payout ratio (DPR) is 22.96%.

General Motors Company Profile

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.