General Motors Company to Post Q1 2018 Earnings of $1.70 Per Share, Seaport Global Securities Forecasts (GM)

General Motors Company (NYSE:GM) (TSE:GMM.U) – Equities research analysts at Seaport Global Securities upped their Q1 2018 earnings estimates for shares of General Motors in a research note issued to investors on Sunday. Seaport Global Securities analyst M. Ward now forecasts that the auto manufacturer will earn $1.70 per share for the quarter, up from their previous forecast of $1.69. Seaport Global Securities also issued estimates for General Motors’ Q2 2018 earnings at $1.52 EPS and Q4 2018 earnings at $1.68 EPS.

Other equities research analysts also recently issued reports about the stock. BidaskClub downgraded shares of General Motors from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Vetr upgraded shares of General Motors from a “hold” rating to a “buy” rating and set a $37.42 price target for the company in a research report on Monday, July 24th. Bank of America Corporation reiterated a “buy” rating and issued a $40.00 price target (down from $44.00) on shares of General Motors in a research report on Friday, June 16th. Piper Jaffray Companies reiterated a “buy” rating and issued a $44.00 price target on shares of General Motors in a research report on Wednesday, July 12th. Finally, Deutsche Bank AG upgraded shares of General Motors from a “hold” rating to a “buy” rating and lifted their price target for the company from $36.00 to $51.00 in a research report on Monday, September 25th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have given a buy rating and three have issued a strong buy rating to the stock. General Motors has an average rating of “Buy” and a consensus price target of $41.83.

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Shares of General Motors (NYSE GM) traded down 1.001% during trading on Tuesday, hitting $45.015. The stock had a trading volume of 7,866,673 shares. General Motors has a 12-month low of $30.21 and a 12-month high of $45.59. The stock’s 50-day moving average is $39.38 and its 200-day moving average is $35.77. The stock has a market capitalization of $65.60 billion, a P/E ratio of 7.826 and a beta of 1.45.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Tuesday, July 25th. The auto manufacturer reported $1.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.72 by $0.17. General Motors had a return on equity of 22.45% and a net margin of 5.38%. The business had revenue of $36.98 billion during the quarter, compared to analysts’ expectations of $37.67 billion. During the same period in the prior year, the firm posted $1.86 EPS. General Motors’s quarterly revenue was down 1.1% compared to the same quarter last year.

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of General Motors by 4.0% in the second quarter. Vanguard Group Inc. now owns 93,414,041 shares of the auto manufacturer’s stock worth $3,262,952,000 after purchasing an additional 3,560,717 shares during the last quarter. BlackRock Inc. grew its stake in shares of General Motors by 1.1% in the second quarter. BlackRock Inc. now owns 78,753,259 shares of the auto manufacturer’s stock worth $2,750,849,000 after purchasing an additional 850,211 shares during the last quarter. State Street Corp grew its stake in shares of General Motors by 3.9% in the first quarter. State Street Corp now owns 60,423,820 shares of the auto manufacturer’s stock worth $2,136,563,000 after purchasing an additional 2,252,866 shares during the last quarter. Berkshire Hathaway Inc. grew its stake in shares of General Motors by 20.0% in the second quarter. Berkshire Hathaway Inc. now owns 60,000,000 shares of the auto manufacturer’s stock worth $2,095,800,000 after purchasing an additional 10,000,000 shares during the last quarter. Finally, Capital World Investors grew its stake in shares of General Motors by 5.0% in the second quarter. Capital World Investors now owns 31,327,192 shares of the auto manufacturer’s stock worth $1,094,259,000 after purchasing an additional 1,500,500 shares during the last quarter. 72.22% of the stock is currently owned by institutional investors.

In related news, insider Karl-Thomas Neumann sold 234,274 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $34.77, for a total value of $8,145,706.98. Following the sale, the insider now owns 234,274 shares of the company’s stock, valued at $8,145,706.98. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Alicia S. Boler-Davis sold 10,000 shares of the business’s stock in a transaction on Friday, October 6th. The stock was sold at an average price of $45.00, for a total transaction of $450,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 852,901 shares of company stock worth $32,378,733. Insiders own 0.04% of the company’s stock.

The business also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Friday, September 8th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.34%. General Motors’s payout ratio is presently 26.48%.

General Motors Company Profile

General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company’s segments include 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 provides automotive financing services through General Motors Financial Company, Inc The Company develops, manufactures and/or markets vehicles in North America under the brands, including Buick, Cadillac, Chevrolet and GMC.

Earnings History and Estimates for General Motors (NYSE:GM)

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