Ford Motor Company, Pfizer Inc. Rise After Earnings Beats

The automaker recorded its best quarterly profit in automotive in 15 years.

General Motors missed last quarter’s EPS consensus estimate by 11.34%, marking it’s fifth miss in the last ten quarters. “However, results will be adversely impacted by recall-related fix and compensation expenses as well as the scaling down and shutdown of manufacturing operations”. Psurgedcutors in the U.S. Attorney’s Office in Manhattan continue to weigh charging GM with criminal wire-fraud after determining the auto maker likely made misleading statements and concealed information about the faulty switch in communications with regulators and others, the people.

The company expects reported earnings to be between $1.38 and $1.47 per share. Buckingham Research restated a “neutral” rating and set a $15.00 price target on shares of Ford Motor Company in a report on Monday. Analysts at Stifel Nicolaus reiterated a hold rating on shares of General Motors Company in a research note on Thursday. The highest target is $50 and the lowest is $28 according to Thomson/First Call. Zacks downgraded Ford Motor Company from a buy rating to a hold rating in a research report on Tuesday, July 21st.

The company also has strong balance sheet, ending the quarter with $22.8 billion in cash.

General Motors Company (NYSE:GM) opened at 30.71 on Friday.

2015 has been a very experimental year for Ford Motor Company (NYSE:F) as it tried to work out different strategies here and there. The stock has a 50-day moving average of $16.54 and a 200-day moving average of $16.16. The auto sharing market across the world is expected to top more than $6 billion until 2020 as reported by CarSharing Association.

Ford Motor Company (NYSE:F) and Pfizer released their second quarter earnings reports before opening bell this morning. Moreover, the aggregate value of holdings of hedge funds among those we track which had long positions in Ford at the end of the first quarter fell by 18.98% compared to the previous quarter, to $832.07 million. The company reported ($0.06) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.03) by $0.03. On common, analysts predict that Ford will post $1.59 earnings-per share for the current fiscal year. Analysts had been expecting earnings of 52 cents per share on $11.42 billion in revenue. Meanwhile, Group Vice President David Schoch sold 14,903 shares on July 2 and General Counsel David Leitch sold 140,000 shares on June 18. The stock was sold at an average cost of $15.01, for a whole transaction of $2,101,400.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Patricia F. Russo acquired 1,500 shares of General Motors Company stock in a transaction dated Wednesday, April 29th. The revealing for this particular sale may be found here. The Company operates in two segments: Automotive and Financial Services. Automotive includes Ford South America, Ford North America, Ford Europe, Ford Middle-East & Africa and Ford Asia Pacific.