General Motors (NYSE:GM - Free Report) TSE: GMM.U - Research analysts at Zacks Research cut their Q4 2024 earnings per share (EPS) estimates for shares of General Motors in a research note issued on Tuesday, July 16th. Zacks Research analyst R. Singhi now forecasts that the auto manufacturer will earn $1.85 per share for the quarter, down from their prior forecast of $1.88. The consensus estimate for General Motors' current full-year earnings is $9.43 per share. Zacks Research also issued estimates for General Motors' Q1 2025 earnings at $2.37 EPS and Q1 2026 earnings at $2.41 EPS.
Other equities research analysts have also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of General Motors from $44.00 to $50.00 and gave the company a "hold" rating in a report on Tuesday, April 23rd. UBS Group increased their price objective on General Motors from $61.00 to $64.00 and gave the stock a "buy" rating in a report on Wednesday, July 10th. Sanford C. Bernstein began coverage on General Motors in a research report on Thursday, April 25th. They set an "outperform" rating and a $55.00 price target on the stock. Wells Fargo & Company raised their price objective on shares of General Motors from $30.00 to $32.00 and gave the company an "underweight" rating in a research report on Tuesday, June 25th. Finally, Morgan Stanley boosted their price objective on shares of General Motors from $43.00 to $46.00 and gave the company an "overweight" rating in a research note on Wednesday, April 10th. One analyst has rated the stock with a sell rating, three have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $55.96.
View Our Latest Stock Analysis on General Motors
General Motors Stock Performance
Shares of GM stock traded down $0.25 during trading on Thursday, reaching $49.65. 12,037,564 shares of the company's stock traded hands, compared to its average volume of 15,686,642. The firm's 50-day moving average is $46.28 and its 200 day moving average is $42.47. The company has a market capitalization of $56.65 billion, a P/E ratio of 6.10, a PEG ratio of 0.53 and a beta of 1.43. General Motors has a 1 year low of $26.30 and a 1 year high of $50.50. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 1.22.
General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its quarterly earnings data on Tuesday, April 23rd. The auto manufacturer reported $2.62 EPS for the quarter, beating the consensus estimate of $2.02 by $0.60. The business had revenue of $43.01 billion for the quarter, compared to the consensus estimate of $41.09 billion. General Motors had a net margin of 6.13% and a return on equity of 14.40%. The company's revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.21 earnings per share.
General Motors Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Friday, June 7th were given a dividend of $0.12 per share. The ex-dividend date was Friday, June 7th. This represents a $0.48 annualized dividend and a dividend yield of 0.97%. General Motors's dividend payout ratio (DPR) is presently 5.87%.
General Motors announced that its board has authorized a stock repurchase program on Tuesday, June 11th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the auto manufacturer to reacquire up to 10.8% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its stock is undervalued.
Insider Activity at General Motors
In other General Motors news, CEO Mary T. Barra sold 626,316 shares of the company's stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $43.46, for a total value of $27,219,693.36. Following the completion of the sale, the chief executive officer now owns 1,198,648 shares of the company's stock, valued at $52,093,242.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Mary T. Barra sold 326,305 shares of the firm's stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $48.33, for a total transaction of $15,770,320.65. Following the transaction, the chief executive officer now directly owns 898,648 shares of the company's stock, valued at $43,431,657.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mary T. Barra sold 626,316 shares of the business's stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $43.46, for a total value of $27,219,693.36. Following the completion of the sale, the chief executive officer now directly owns 1,198,648 shares of the company's stock, valued at approximately $52,093,242.08. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,152,621 shares of company stock valued at $51,818,111. Corporate insiders own 0.72% of the company's stock.
Hedge Funds Weigh In On General Motors
A number of large investors have recently bought and sold shares of GM. SJS Investment Consulting Inc. grew its holdings in shares of General Motors by 34.5% in the second quarter. SJS Investment Consulting Inc. now owns 792 shares of the auto manufacturer's stock worth $37,000 after purchasing an additional 203 shares during the last quarter. Fortitude Family Office LLC grew its holdings in General Motors by 56.1% in the 2nd quarter. Fortitude Family Office LLC now owns 626 shares of the auto manufacturer's stock worth $29,000 after acquiring an additional 225 shares during the last quarter. Beech Hill Advisors Inc. increased its position in shares of General Motors by 1.6% in the second quarter. Beech Hill Advisors Inc. now owns 15,233 shares of the auto manufacturer's stock valued at $708,000 after acquiring an additional 233 shares during the period. Unison Advisors LLC raised its stake in shares of General Motors by 0.4% during the first quarter. Unison Advisors LLC now owns 67,196 shares of the auto manufacturer's stock valued at $3,047,000 after acquiring an additional 246 shares during the last quarter. Finally, Janiczek Wealth Management LLC grew its stake in shares of General Motors by 5.2% in the first quarter. Janiczek Wealth Management LLC now owns 5,063 shares of the auto manufacturer's stock worth $230,000 after purchasing an additional 248 shares during the last quarter. 92.67% of the stock is owned by hedge funds and other institutional investors.
About General Motors
(
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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.
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