Wedbush Research 分析师下调了通用汽车(纽约证券交易所代码:GM)的收益预期

Wedbush Research 分析师下调了通用汽车(纽约证券交易所代码:GM)的收益预期
2023年02月03日 15:23 富途牛牛综合

General Motors (NYSE:GM – Get Rating) (TSE:GMM.U) – Investment analysts at Wedbush reduced their Q1 2023 earnings per share (EPS) estimates for shares of General Motors in a note issued to investors on Wednesday, February 1st. Wedbush analyst D. Ives now expects that the auto manufacturer will earn $1.46 per share for the quarter, down from their prior forecast of $1.55. The consensus estimate for General Motors' current full-year earnings is $6.43 per share. Wedbush also issued estimates for General Motors' Q2 2023 earnings at $1.54 EPS, Q3 2023 earnings at $1.73 EPS, Q4 2023 earnings at $1.75 EPS and FY2023 earnings at $6.48 EPS.

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General Motors (NYSE:GM – Get Rating) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, January 31st. The auto manufacturer reported $2.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.68 by $0.44. The firm had revenue of $43.11 billion during the quarter, compared to analyst estimates of $40.62 billion. General Motors had a return on equity of 16.08% and a net margin of 6.34%. The firm's quarterly revenue was up 28.4% on a year-over-year basis. During the same period last year, the company posted $1.35 EPS.

GM has been the subject of a number of other reports. UBS Group lowered General Motors from a "buy" rating to a "neutral" rating and decreased their price target for the company from $56.00 to $38.00 in a research note on Monday, October 10th. JPMorgan Chase & Co. cut their price objective on General Motors from $59.00 to $57.00 and set an "overweight" rating for the company in a research report on Wednesday, January 25th. TheStreet upgraded General Motors from a "c+" rating to a "b-" rating in a research report on Thursday, November 10th. Wolfe Research downgraded General Motors from an "outperform" rating to a "peer perform" rating in a research report on Thursday, November 10th. Finally, Wells Fargo & Company increased their price objective on General Motors from $29.00 to $30.00 and gave the company an "underweight" rating in a research report on Wednesday, October 26th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $48.72.

General Motors Stock Performance

Shares of NYSE GM opened at $41.50 on Thursday. The stock has a fifty day moving average price of $36.80 and a two-hundred day moving average price of $37.12. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.95 and a current ratio of 1.10. The firm has a market cap of $58.96 billion, a P/E ratio of 6.73, a PEG ratio of 0.62 and a beta of 1.37. General Motors has a 1 year low of $30.33 and a 1 year high of $54.42.

General Motors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 16th. Investors of record on Friday, March 3rd will be issued a dividend of $0.09 per share. The ex-dividend date is Thursday, March 2nd. This represents a $0.36 annualized dividend and a dividend yield of 0.87%. General Motors's dividend payout ratio is 5.87%.

Institutional Trading of General Motors

Several hedge funds and other institutional investors have recently modified their holdings of GM. Blair William & Co. IL increased its position in General Motors by 10.6% during the first quarter. Blair William & Co. IL now owns 157,520 shares of the auto manufacturer's stock worth $6,890,000 after buying an additional 15,117 shares during the last quarter. Aviva PLC increased its position in General Motors by 32.7% during the first quarter. Aviva PLC now owns 278,485 shares of the auto manufacturer's stock worth $12,181,000 after buying an additional 68,683 shares during the last quarter. Moors & Cabot Inc. increased its position in General Motors by 12.8% during the first quarter. Moors & Cabot Inc. now owns 10,767 shares of the auto manufacturer's stock worth $471,000 after buying an additional 1,225 shares during the last quarter. Brighton Jones LLC increased its position in General Motors by 13.9% during the first quarter. Brighton Jones LLC now owns 4,768 shares of the auto manufacturer's stock worth $208,000 after buying an additional 581 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. increased its position in General Motors by 5.3% during the first quarter. Candriam Luxembourg S.C.A. now owns 103,800 shares of the auto manufacturer's stock worth $4,540,000 after buying an additional 5,184 shares during the last quarter. 78.92% of the stock is currently owned by hedge funds and other institutional investors.

About General Motors

(Get Rating)

General Motors Co engages in the designing, manufacturing, and selling of cars, trucks and automobile parts. It also provides automotive financing services through General Motors Financial Company, Inc The firm operates through the following segments: GM North America, GM International, Cruise and GM Financial.

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