Stock Monitor: SORL Auto Parts Post Earnings Reporting
LONDON, UK / ACCESSWIRE / November 27, 2017 / Active-Investors free earnings report on Ford Motor Co. (NYSE: F) ("Ford") has freshly been issued to its members, and you can also sign up to view this report at www.active-investors.com/registration-sg/?symbol=F. The Company posted its financial results on October 26, 2017, for the third quarter of the fiscal year 2017. The automotive Company's revenue and adjusted earnings per share (EPS) surpassed analysts' expectations. Register today and get free access to our complimentary member's area where many more reports are available: www.active-investors.com/registration-sg.
Active-Investors.com is currently working on the research report for SORL Auto Parts, Inc. (NASDAQ: SORL), which also belongs to the Consumer Goods sector as the Company Ford Motor. Do not miss out and become a member today for free to access this upcoming report at: www.active-investors.com/registration-sg/?symbol=SORL.
Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Ford Motor most recent news is on our radar and we have decided to include it on our blog post. Today's free coverage is available at: www.active-investors.com/registration-sg/?symbol=F.
Earnings Highlights and Summary
For the three months ended September 30, 2017, Ford's revenue increased 1.4% to $36.45 billion from $35.94 billion in Q3 FY16. The revenue numbers surpassed analysts' expectations of $32.80 billion.
During Q3 FY17, Ford's gross profit increased 16.8% to $6.16 billion from $5.28 billion in the same period of last year. For the reported quarter, the Company's gross margin increased 220 basis points to 16.9% of revenue from 14.7% of revenue in Q3 FY16.
For the reported quarter, Ford's selling, administrative, and other expenses increased 9.9% to $2.92 billion from $2.66 billion in Q3 FY16.
During Q3 FY17, Ford's earnings before interest and taxes (EBIT) increased 26.7% to $1.76 billion from $1.39 billion in the comparable period of last year. For the reported quarter, the Company's adjusted EBIT increased 39.7% to $1.97 billion from $1.41 billion in the third quarter of 2016. The increase was due to gains in both the Automotive and Financial Services segments. During Q3 FY17, the Company's adjusted EBIT margin increased 150 basis points to 5.4% of revenue from 3.9% of revenue in Q3 FY16.
For the reported quarter, Ford's net income increased 63.4% to $1.56 billion on a y-o-y basis from $957 million in Q3 FY16. During Q3 FY17, the Company's diluted earnings per share (EPS) increased 62.5% to $0.39 on a y-o-y basis from $0.24 in the corresponding period of last year. For the reported quarter, Ford's adjusted net income was $1.73 billion. During Q3 FY17, the Company's adjusted diluted EPS increased 65.4% to $0.43 on a y-o-y basis from $0.26 in Q3 FY16. The adjusted diluted EPS surpassed analysts' expectations of $0.33.
Automotive - During Q3 FY17, Ford's Automotive segment's revenue increased 0.9% to $33.65 billion from $33.33 billion in the same period of last year. For the reported quarter, the segment's EBIT was $1.67 billion compared to $1.07 billion in Q3 FY16. For the reported quarter, the segment's operating margin increased 170 basis points to 5% of revenue from 3.3% of revenue in the third quarter of 2016.
Financial Services - During Q3 FY17, Ford's Financial Services segment's revenue increased 7.3% to $2.80 billion from $2.61 billion in the comparable period of last year. For the reported quarter, the segment's net financing margin increased 11.3% to $965 million from $867 million in Q3 FY16. For the reported quarter, the segment's EBIT increased 5.8% to $600 million from $567 million in the third quarter of 2016.
As on September 30, 2017, Ford's cash and cash equivalents increased 10.6% to $17.59 billion from $15.91 billion as on December 31, 2016. For the reported quarter, the Company's long-term debt increased 5% to $97.94 billion from $93.30 billion in Q4 FY16.
For the reported quarter, the Company's net trade and other receivables decreased 7.4% to $10.28 billion from $11.10 billion in the fourth quarter of 2016. For the reported quarter, the Company's payables increased 10.7% to $23.57 billion from $21.30 billion in Q4 FY16.
During FY17, the Company's YTD cash provided by operating activities decreased 12.3% to $14.95 billion from $17.05 billion in FY16.
Stock Performance Snapshot
November 24, 2017 - At Friday's closing bell, Ford Motor's stock was slightly up 0.25%, ending the trading session at $12.10.
Volume traded for the day: 9.55 million shares.
Stock performance in the last month – up 0.50%; previous three-month period – up 11.83%; past twelve-month period – up 2.09%; and year-to-date – up 0.15%
After last Friday's close, Ford Motor's market cap was at $47.95 billion.
Price to Earnings (P/E) ratio was at 10.98.
The stock has a dividend yield of 4.96%.
The stock is part of the Consumer Goods sector, categorized under the Auto Manufacturers - Major industry. This sector was up 0.3% at the end of the session.
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