General Motors Company (NYSE:GM) (TSE:GMM.U) – Research badysts at Seaport Global Securities lowered their This autumn 2018 earnings per share (EPS) estimates for shares of General Motors in a observe issued to buyers on Tuesday, in keeping with Zacks Investment Research. Seaport Global Securities badyst M. Ward now expects that the auto producer will earn $1.64 per share for the quarter, down from their earlier forecast of $1.68.
General Motors (NYSE:GM) (TSE:GMM.U) final issued its quarterly earnings outcomes on Tuesday, October 24th. The auto producer reported $1.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.07 by $zero.25. General Motors had a return on fairness of 20.95% and a web margin of two.00%. The enterprise had income of $30.48 billion in the course of the quarter, in comparison with the consensus estimate of $29.93 billion. During the identical interval within the earlier 12 months, the enterprise earned $1.72 EPS. The enterprise’s quarterly income was down 16.6% on a year-over-year foundation. TRADEMARK VIOLATION NOTICE: “Seaport Global Securities Analysts Lower Earnings Estimates for General Motors Company (GM)” was first reported by InventoryNewsOccasions and is the property of of InventoryNewsOccasions. If you’re accessing this piece on one other web site, it was stolen and republished in violation of U.S. & worldwide trademark and copyright legislation. The authorized model of this piece could be considered at https://stocknewstimes.com/2017/11/05/badysts-offer-predictions-for-general-motors-companys-q4-2018-earnings-gm.html.
GM has been the topic of a lot of different badysis reviews. Deutsche Bank AG boosted their value goal on General Motors from $51.00 to $52.00 and gave the corporate a “buy” score in a badysis report on Wednesday, October 25th. Royal Bank Of Canada boosted their value goal on General Motors from $44.00 to $51.00 and gave the corporate a “sector perform” score in a badysis report on Wednesday, October 25th. Piper Jaffray Companies reiterated a “buy” score and set a $44.00 value goal on shares of General Motors in a badysis report on Tuesday, September 12th. UBS AG reiterated a “buy” score and set a $50.00 value goal (up beforehand from $39.00) on shares of General Motors in a badysis report on Wednesday, October 11th. Finally, BMO Capital Markets upgraded General Motors to a “market perform” score and boosted their value goal for the inventory from $41.00 to $48.00 in a badysis report on Wednesday, October 25th. Three funding badysts have rated the inventory with a promote score, fifteen have issued a maintain score, eight have given a purchase score and three have issued a powerful purchase score to the corporate’s inventory. General Motors has a consensus score of “Hold” and a consensus goal value of $43.32.
General Motors (NYSE:GM) traded down $zero.26 throughout buying and selling hours on Friday, reaching $42.34. The firm had a buying and selling quantity of 9,800,780 shares, in comparison with its common quantity of 14,532,651. General Motors has a twelve month low of $30.21 and a twelve month excessive of $46.76. The agency has a market cap of $60,140.07, a price-to-earnings ratio of 6.84, a P/E/G ratio of zero.73 and a beta of 1.56. The firm has a fast ratio of zero.79, a present ratio of zero.94 and a debt-to-equity ratio of 1.54.
The firm additionally just lately introduced a quarterly dividend, which will likely be paid on Thursday, December 21st. Shareholders of document on Friday, December eighth will likely be paid a $zero.38 dividend. The ex-dividend date is Thursday, December seventh. This represents a $1.52 dividend on an annualized foundation and a yield of three.59%. General Motors’s dividend payout ratio (DPR) is presently 77.95%.
In different General Motors information, insider Alan S. Batey offered eight,144 shares of the corporate’s inventory in a transaction that occurred on Tuesday, August 15th. The inventory was offered at a mean value of $35.57, for a complete worth of $289,682.08. Following the completion of the transaction, the insider now owns 66,748 shares of the corporate’s inventory, valued at roughly $2,374,226.36. The transaction was disclosed in a authorized submitting with the SEC, which is obtainable at this hyperlink. Also, CAO Thomas S. Timko offered 44,791 shares of the corporate’s inventory in a transaction that occurred on Friday, October 27th. The shares have been offered at a mean value of $44.46, for a complete worth of $1,991,407.86. Following the completion of the transaction, the chief accounting officer now immediately owns 66,838 shares of the corporate’s inventory, valued at roughly $2,971,617.48. The disclosure for this sale could be discovered right here. In the final quarter, insiders have offered 979,266 shares of firm inventory valued at $40,917,634. zero.04% of the inventory is presently owned by company insiders.
Various institutional buyers have just lately purchased and offered shares of the enterprise. FDx Advisors Inc. raised its holdings in General Motors by four.9% within the third quarter. FDx Advisors Inc. now owns 67,813 shares of the auto producer’s inventory valued at $2,738,00zero after buying an extra three,156 shares within the final quarter. Candriam Luxembourg S.C.A. raised its holdings in shares of General Motors by 269.9% within the third quarter. Candriam Luxembourg S.C.A. now owns 315,367 shares of the auto producer’s inventory value $12,735,00zero after shopping for an extra 230,121 shares within the final quarter. Breton Hill Capital Ltd. raised its holdings in shares of General Motors by 1.eight% within the third quarter. Breton Hill Capital Ltd. now owns 329,325 shares of the auto producer’s inventory value $13,298,00zero after shopping for an extra 5,948 shares within the final quarter. Bessemer Group Inc. elevated its holdings in General Motors by 12.6% in the course of the third quarter. Bessemer Group Inc. now owns 15,173 shares of the auto producer’s inventory valued at $613,00zero after buying an extra 1,694 shares within the final quarter. Finally, River Road Asset Management LLC elevated its holdings in General Motors by 9.three% in the course of the third quarter. River Road Asset Management LLC now owns 345,183 shares of the auto producer’s inventory valued at $13,938,00zero after buying an extra 29,513 shares within the final quarter. 72.83% of the inventory is owned by hedge funds and different institutional buyers.
General Motors Company Profile
General Motors Company designs, builds and sells vehicles, vehicles, crossovers and vehicle components. The Company’s segments embody GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc (GM Financial). The Company offers automotive financing providers via General Motors Financial Company, Inc The Company develops, manufactures and/or markets autos in North America underneath the manufacturers, together with Buick, Cadillac, Chevrolet and GMC.
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