General Motors (GM) Expected to Announce Quarterly Sales of $35.43 Billion

Equities analysts expect General Motors (NYSE:GM) (TSE:GMM.U) to announce sales of $35.43 billion for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for General Motors’ earnings, with the lowest sales estimate coming in at $34.91 billion and the highest estimate coming in at $35.95 billion. General Motors reported sales of $36.10 billion in the same quarter last year, which indicates a negative year-over-year growth rate of 1.9%. The business is expected to report its next earnings report on Thursday, April 25th.

According to Zacks, analysts expect that General Motors will report full-year sales of $146.94 billion for the current fiscal year, with estimates ranging from $145.84 billion to $147.94 billion. For the next fiscal year, analysts expect that the company will post sales of $146.05 billion, with estimates ranging from $141.94 billion to $150.01 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover General Motors.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Wednesday, February 6th. The auto manufacturer reported $1.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.22. General Motors had a net margin of 5.45% and a return on equity of 23.99%. The business had revenue of $38.40 billion for the quarter, compared to the consensus estimate of $36.31 billion. During the same period last year, the firm posted $1.65 earnings per share. The company’s revenue was up 1.8% compared to the same quarter last year.

Several brokerages have recently weighed in on GM. Deutsche Bank assumed coverage on shares of General Motors in a research report on Thursday, December 13th. They set a “buy” rating for the company. Royal Bank of Canada upped their price target on shares of General Motors from $50.00 to $52.00 and gave the stock an “outperform” rating in a research note on Thursday, February 7th. BMO Capital Markets raised shares of General Motors from a “market perform” rating to an “outperform” rating in a research note on Monday, January 7th. Zacks Investment Research upgraded shares of General Motors from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Friday, November 16th. Finally, Citigroup increased their price objective on shares of General Motors to $67.00 and gave the stock a “buy” rating in a report on Friday, February 8th. Five research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $46.97.

In related news, insider Alan S. Batey sold 70,266 shares of the business’s stock in a transaction dated Monday, February 11th. The stock was sold at an average price of $38.39, for a total value of $2,697,511.74. Following the completion of the sale, the insider now directly owns 205,906 shares of the company’s stock, valued at approximately $7,904,731.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.39% of the company’s stock.

Several large investors have recently bought and sold shares of the business. Signet Investment Advisory Group Inc. bought a new position in General Motors in the fourth quarter valued at $26,000. Cornerstone Advisors Inc. lifted its holdings in shares of General Motors by 63.0% during the fourth quarter. Cornerstone Advisors Inc. now owns 895 shares of the auto manufacturer’s stock valued at $30,000 after purchasing an additional 346 shares during the last quarter. NuWave Investment Management LLC increased its position in shares of General Motors by 198.6% during the fourth quarter. NuWave Investment Management LLC now owns 884 shares of the auto manufacturer’s stock valued at $30,000 after acquiring an additional 588 shares in the last quarter. Advisors Preferred LLC bought a new stake in shares of General Motors during the fourth quarter valued at approximately $31,000. Finally, Vigilant Capital Management LLC bought a new stake in General Motors in the 4th quarter worth approximately $43,000. Hedge funds and other institutional investors own 75.50% of the company’s stock.

Shares of GM stock traded up $0.42 during trading on Friday, reaching $39.95. The company’s stock had a trading volume of 8,840,189 shares, compared to its average volume of 11,066,950. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.80 and a current ratio of 0.92. The stock has a market capitalization of $55.10 billion, a P/E ratio of 6.11, a price-to-earnings-growth ratio of 0.71 and a beta of 1.26. General Motors has a 1-year low of $30.56 and a 1-year high of $45.00.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Friday, March 8th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Thursday, March 7th. This represents a $1.52 annualized dividend and a dividend yield of 3.80%. General Motors’s payout ratio is 23.24%.

About General Motors

General Motors Company designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, GM Cruise, and GM Financial. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.

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