General Motors (NYSE:GM) (TSE:GMM.U) is scheduled to be releasing its earnings data before the market opens on Tuesday, April 30th. Analysts expect General Motors to post earnings of $1.07 per share for the quarter. General Motors has set its FY19 guidance at $6.50-7.00 EPS.
General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Wednesday, February 6th. The auto manufacturer reported $1.43 EPS for the quarter, topping the consensus estimate of $1.21 by $0.22. General Motors had a return on equity of 23.99% and a net margin of 5.45%. The business had revenue of $38.40 billion during the quarter, compared to analyst estimates of $36.31 billion. During the same period last year, the business posted $1.65 earnings per share. The company’s quarterly revenue was up 1.8% on a year-over-year basis. On average, analysts expect General Motors to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.
GM opened at $39.50 on Tuesday. General Motors has a 52 week low of $30.56 and a 52 week high of $45.00. The firm has a market cap of $56.15 billion, a PE ratio of 6.04, a PEG ratio of 0.70 and a beta of 1.27. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 1.71.
GM has been the subject of several research analyst reports. Seaport Global Securities initiated coverage on General Motors in a research report on Wednesday, February 13th. They set a “buy” rating for the company. Citigroup raised their price target on General Motors to $67.00 and gave the stock a “buy” rating in a research report on Friday, February 8th. Barclays restated a “buy” rating and set a $49.00 price target on shares of General Motors in a research report on Monday, January 14th. Zacks Investment Research lowered General Motors from a “buy” rating to a “hold” rating in a research report on Monday, January 7th. Finally, Buckingham Research set a $34.00 price target on General Motors and gave the stock a “hold” rating in a research report on Friday, January 11th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. General Motors currently has a consensus rating of “Buy” and an average target price of $47.20.
ILLEGAL ACTIVITY NOTICE: “General Motors (GM) Scheduled to Post Earnings on Tuesday” was reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this piece on another domain, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this piece can be viewed at https://www.chaffeybreeze.com/2019/04/23/general-motors-gm-scheduled-to-post-earnings-on-tuesday.html.
About General Motors
General Motors Company designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, GM Cruise, and GM Financial. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.
Recommended Story: Leveraged Buyout (LBO)
Receive News & Ratings for General Motors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Motors and related companies with MarketBeat.com's FREE daily email newsletter.