Common Motors (NYSE:GM – Get Rating) (TSE:GMM.U) up to date its FY22 earnings steerage on Friday. The corporate offered earnings per share (EPS) steerage of $6.50-7.50 for the interval, in comparison with the consensus estimate of $6.99.
General Motors stock opened at $31.76 on Friday. Common Motors has a 12-month low of $30.65 and a 12-month excessive of $67.21. The inventory has a market cap of $46.31 billion, a P/E ratio of 5.27, a price-to-earnings-growth ratio of 0.51 and a beta of 1.20. The corporate has a present ratio of 1.11, a fast ratio of 0.93 and a debt-to-equity ratio of 1.15. The corporate has a fifty day easy transferring common of $36.51 and a 200-day easy transferring common of $45.03.
Common Motors (NYSE:GM – Get Rating) (TSE:GMM.U) final launched its quarterly earnings knowledge on Tuesday, April twenty sixth. The auto producer reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.53. The agency had income of $35.98 billion for the quarter, in comparison with the consensus estimate of $36.25 billion. Common Motors had a web margin of seven.61% and a return on fairness of 16.37%. Throughout the identical quarter within the earlier 12 months, the agency earned $2.25 earnings per share. As a bunch, sell-side analysts forecast that Common Motors will submit 6.89 earnings per share for the present fiscal 12 months.
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A number of equities analysts have commented on the inventory. Wolfe Analysis raised their goal worth on shares of Common Motors from $67.00 to $70.00 and gave the corporate an outperform ranking in a analysis observe on Monday, March twenty first. Barclays lowered their worth goal on shares of Common Motors from $59.00 to $52.00 in a analysis observe on Wednesday, April twenty seventh. TheStreet reduce shares of Common Motors from a b- ranking to a c+ ranking in a analysis observe on Friday, Might twentieth. The Goldman Sachs Group lowered their worth goal on shares of Common Motors from $59.00 to $46.00 and set a purchase ranking on the inventory in a analysis observe on Wednesday, June 1st. Lastly, Wedbush lowered their worth goal on shares of Common Motors from $85.00 to $50.00 in a analysis observe on Wednesday, April twenty seventh. One equities analysis analyst has rated the inventory with a promote ranking, six have assigned a maintain ranking and fourteen have issued a purchase ranking to the corporate. Based mostly on knowledge from MarketBeat.com, the corporate has a median ranking of Reasonable Purchase and a consensus goal worth of $60.17.
In different information, CFO Paul A. Jacobson bought 35,000 shares of Common Motors inventory in a transaction on Thursday, April twenty eighth. The inventory was bought at a median worth of $38.79 per share, with a complete worth of $1,357,650.00. Following the transaction, the chief monetary officer now straight owns 110,000 shares within the firm, valued at roughly $4,266,900. The acquisition was disclosed in a authorized submitting with the SEC, which is accessible at the SEC website. Additionally, EVP Stephen Ok. Carlisle offered 25,645 shares of the corporate’s inventory in a transaction that occurred on Friday, April twenty ninth. The inventory was offered at a median worth of $39.04, for a complete worth of $1,001,180.80. Following the transaction, the manager vp now straight owns 64,170 shares of the corporate’s inventory, valued at roughly $2,505,196.80. The disclosure for this sale will be discovered here. 0.40% of the inventory is presently owned by company insiders.
A number of hedge funds and different institutional traders have just lately added to or lowered their stakes within the firm. Charles Schwab Funding Administration Inc. boosted its holdings in shares of Common Motors by 5.8% within the 1st quarter. Charles Schwab Funding Administration Inc. now owns 8,462,134 shares of the auto producer’s inventory valued at $370,134,000 after shopping for an extra 462,539 shares over the past quarter. Wellington Administration Group LLP boosted its holdings in shares of Common Motors by 7.0% within the 1st quarter. Wellington Administration Group LLP now owns 3,757,338 shares of the auto producer’s inventory valued at $164,346,000 after shopping for an extra 246,500 shares over the past quarter. Shapiro Capital Administration LLC boosted its holdings in shares of Common Motors by 10.5% within the 1st quarter. Shapiro Capital Administration LLC now owns 3,695,232 shares of the auto producer’s inventory valued at $161,629,000 after shopping for an extra 352,574 shares over the past quarter. Clearbridge Investments LLC boosted its holdings in shares of Common Motors by 18.9% within the 1st quarter. Clearbridge Investments LLC now owns 2,836,866 shares of the auto producer’s inventory valued at $124,084,000 after shopping for an extra 450,939 shares over the past quarter. Lastly, Renaissance Applied sciences LLC boosted its holdings in shares of Common Motors by 1,257.3% within the 1st quarter. Renaissance Applied sciences LLC now owns 2,368,500 shares of the auto producer’s inventory valued at $103,598,000 after shopping for an extra 2,194,000 shares over the past quarter. 82.66% of the inventory is owned by institutional traders.
Common Motors Firm Profile (Get Rating)
Common Motors Firm designs, builds, and sells vehicles, crossovers, automobiles, and car components and equipment in North America, the Asia Pacific, the Center East, Africa, South America, the US, and China. The corporate operates by means of GM North America, GM Worldwide, Cruise, and GM Monetary segments.
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