General Motors (GM) Expected to Announce Earnings on Tuesday

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U is anticipated to release 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 interested in registering for the company's earnings conference call can do so using this link.

General Motors Stock Performance

NYSE:GM traded down $0.27 during mid-day trading on Friday, hitting $53.95. The stock had a trading volume of 6,618,712 shares, compared to its average volume of 6,819,393. General Motors has a 52 week low of $34.71 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. The stock has a market capitalization of $59.32 billion, a price-to-earnings ratio of 5.75, a P/E/G ratio of 0.38 and a beta of 1.42. The company has a 50 day simple moving average of $53.17 and a 200-day simple moving average of $49.87.

Wall Street Analysts Forecast Growth

GM has been the subject of several analyst reports. UBS Group boosted their price objective on General Motors from $62.00 to $64.00 and gave the stock a "buy" rating in a research report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft upgraded General Motors from a "hold" rating to a "buy" rating and boosted their price target for the stock from $56.00 to $60.00 in a research report on Tuesday, January 21st. Barclays raised their price target on General Motors from $64.00 to $70.00 and gave the company an "overweight" rating in a report on Wednesday, October 23rd. The Goldman Sachs Group upped their price objective on shares of General Motors from $53.00 to $61.00 and gave the stock a "buy" rating in a report on Tuesday, October 1st. Finally, Sanford C. Bernstein raised their target price on shares of General Motors from $53.00 to $55.00 and gave the company a "market perform" rating in a research note on Friday, October 25th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, General Motors currently has an average rating of "Hold" and an average price target of $61.17.

Insiders Place Their Bets

In other news, EVP Craig B. Glidden sold 383,142 shares of the company's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $56.63, for a total value of $21,697,331.46. Following the transaction, the executive vice president now owns 122,465 shares in the company, valued at $6,935,192.95. This represents a 75.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Mark L. Reuss sold 122,283 shares of the business's 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 $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 514,344 shares of company stock worth $28,977,691 over the last ninety days. 0.72% of the stock is currently 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.