General Motors (GM) Projected to Post Quarterly Earnings on Tuesday

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U will likely be releasing its earnings data before the market opens on Tuesday, January 28th. Analysts expect General Motors to post earnings of $1.75 per share and revenue of $42,286,258.04 billion for the quarter. Persons that are interested in registering for the company's earnings conference call can do so using this link.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its quarterly earnings data on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.49 by $0.47. General Motors had a net margin of 6.06% and a return on equity of 16.30%. The company had revenue of $48.76 billion for the quarter, compared to the consensus estimate of $44.67 billion. During the same quarter last year, the firm posted $2.28 earnings per share. The firm's revenue was up 10.5% compared to the same quarter last year. On average, analysts expect General Motors to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

General Motors Stock Performance

GM stock traded up $2.93 during midday trading on Tuesday, reaching $53.90. 9,278,318 shares of the company's stock traded hands, compared to its average volume of 8,392,072. The stock's 50-day moving average is $53.46 and its 200 day moving average is $49.69. The stock has a market cap of $59.27 billion, a P/E ratio of 5.75, a PEG ratio of 0.37 and a beta of 1.42. General Motors has a 52-week low of $34.56 and a 52-week high of $61.24. The company has a current ratio of 1.21, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on GM. HSBC cut General Motors from a "buy" rating to a "hold" rating and set a $58.00 price target for the company. in a research report on Wednesday, December 11th. Wedbush upped their target price on shares of General Motors from $55.00 to $60.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 23rd. Morgan Stanley upgraded shares of General Motors from an "underweight" rating to an "equal weight" rating and boosted their price target for the stock from $46.00 to $54.00 in a research note on Tuesday, December 10th. Royal Bank of Canada raised their price objective on General Motors from $58.00 to $65.00 and gave the company an "outperform" rating in a research report on Wednesday, October 23rd. Finally, DZ Bank downgraded General Motors from a "buy" rating to a "hold" rating and set a $49.00 target price on the stock. in a research report on Friday, October 11th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $60.05.

Insider Activity at General Motors

In other news, EVP Rory Harvey sold 8,919 shares of the company's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $60.01, for a total value of $535,229.19. Following the completion of the sale, the executive vice president now owns 8,513 shares of the company's stock, valued at approximately $510,865.13. This represents a 51.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Mark L. Reuss sold 122,283 shares of General Motors stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $55.16, for a total transaction of $6,745,130.28. Following the transaction, the president now directly owns 126,907 shares in the company, valued at approximately $7,000,190.12. The trade was a 49.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,030,475 shares of company stock worth $56,509,286 in the last quarter. 0.72% of the stock is owned by company insiders.

About General Motors

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