Even with the profit, GM's United States sales past year fell 1.6 per cent as big SUVs and the company's top-selling Chevrolet Silverado pickup truck faltered during the fourth quarter.
How do GM's Q4 results compare to other automaker stocks?
GM lowered some production in China in the fourth quarter and is ratcheting back output further in the first quarter. A year ago the company's sales were $37720000 while its sales growth yearly estimates for the current quarter are -3.3%. Greenwood Gearhart Inc. now owns 146,003 shares of the auto manufacturer's stock valued at $4,884,000 after buying an additional 9,696 shares in the last quarter. MML Investors Services LLC boosted its holdings in General Motors by 67.4% during the 3rd quarter. The fund owned 29,821 shares of the auto manufacturer's stock after purchasing an additional 743 shares during the quarter. "We can't run at a 70 percent utilization", Barra said Wednesday about the company's plant usage rate.
The company in its last quarterly report recorded $1.87 earnings per share which is above the $1.25 predicted by most analysts. General Motors makes up about 5.1% of Wilsey Asset Management Inc.'s portfolio, making the stock its 8th largest holding. Hedge funds and other institutional investors own 75.55% of the company's stock.
In pre-market trading, GM shares were up 3.9 percent at $40.85. The firm has a market cap of $55.47 billion, a PE ratio of 6.03, a PEG ratio of 0.74 and a beta of 1.26.
GM earnings per share was $1.43, more than the predicted $1.22. General Motors has a twelve month low of $30.56 and a twelve month high of $45.00.
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The governor initially said he was in the photo without saying which costume he was wearing, then denied it a day later. But he added: "This conduct is in no way reflective of the man I have become in the almost 40 years since".
The largest US automaker repeated its commitment Wednesday to make its entire vehicle lineup "all-electric", but provided investors with few details of those plans on a conference call after GM reported fourth quarter earnings that beat expectations. The auto manufacturer reported $1.43 EPS for the quarter, topping the consensus estimate of $1.21 by $0.22. General Motors Company debt-to-equity ratio now stands at 2.69, while its quick ratio hovers at 0.80.
General Motors does not expect its electric vehicles to turn a profit for at least a few more years, CEO Mary Barra told investors on Wednesday. During the same period in the previous year, the firm earned $1.65 earnings per share.
The company is also in the midst of a plan to cut 14,000 jobs. It helps you quickly get a picture of where Wall Street stands on a stock without reading huge research reports. JPMorgan Chase & Co. increased their target price on General Motors from $48.00 to $53.00 and gave the stock an overweight rating in a research note on Tuesday, November 27th. Finally, BMO Capital Markets restated a "hold" rating and set a $38.00 price objective on shares of General Motors in a report on Tuesday, November 13th.
What do GM's Q4 results mean for their share price?Deutsche Bank initiated coverage on shares of General Motors in a research note on Thursday, December 13th.
General Motors Company (NYSE:GM) closed at the price of $39.3. They issued a "buy" rating for the company. If you are viewing this news story on another domain, it was illegally stolen and reposted in violation of global trademark and copyright legislation. If you are accessing this piece on another publication, it was illegally copied and republished in violation of US and global trademark & copyright law. The legal version of this piece can be read at https://pressoracle.com/news/2019/02/07/general-motors-gm-shares-sold-by-sawgrass-asset-management-llc.html. Most of the employees that will lose their jobs are from GM's plants in North America.