Ford Motor Co. (F) Holds Steady as Recent Earnings Beat Expectations

Ford Motor Company (NYSE: F) shares closed at $12.44 recently, dipping 0.72% on trading volume of 38.06M shares. The activity showed a relative volume of 0.77, which sits below its typical baseline. Technical indicators remained neutral, including a 14-day relative strength index of 51.53, while the carmaker carried a market capitalization of USD 49.68B.

The trading session follows Ford's third-quarter earnings report on Wednesday, October 28th. The company posted adjusted earnings of $0.49 per share, outperforming consensus estimates. Publications noted different estimates for the period: MarketBeat reported an analyst expectation of $0.41 per share, while Zacks cited an estimate of $0.39 per share. Revenue for the quarter finished ahead of expectations, though reporting varied between $49.53 billion and $46.08 billion.

Alongside its quarterly results, Ford scheduled its upcoming quarterly payout. A dividend of $0.15 per share is set to be distributed on Tuesday, December 1st to shareholders of record as of Tuesday, November 10th. The annualized dividend of $0.60 per share corresponds to a yield of 4.74% to 4.8%. Over the trailing twelve months, diluted earnings per share reflect a loss of USD 1.83.

Wall Street opinions on the automaker remain mixed. Data from MarketBeat shows a consensus rating of Hold, based on seven Buy, ten Hold, and two Sell ratings, with an average price target of $15.02. Recent changes include Morgan Stanley lowering its target from $14.00 to $13.00 with an equal weight rating, while JPMorgan Chase reduced its target from $17.00 to $16.00 with an overweight rating. Zacks recently rated the stock as a Hold with a Rank #3.

Institutional investors also updated their positions during the third quarter. Alps Advisors Inc. expanded its holding by 11.4% to 2,091,002 shares valued at $25,217,000. Hedge funds and institutional firms collectively retain 58.74% of Ford's outstanding stock.