General Motors (NYSE:GM – Get Free Report) (TSE:GMM.U) announced its earnings results on Tuesday. The auto manufacturer reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.17, Zacks reports. General Motors had a net margin of 6.06% and a return on equity of 16.30%. General Motors updated its FY 2025 guidance to 11.000-12.000 EPS.
General Motors Trading Up 1.2 %
Shares of GM stock opened at $50.37 on Thursday. The stock has a market cap of $55.39 billion, a P/E ratio of 5.38, a P/E/G ratio of 0.38 and a beta of 1.42. The company has a quick ratio of 1.03, a current ratio of 1.21 and a debt-to-equity ratio of 1.24. General Motors has a fifty-two week low of $37.60 and a fifty-two week high of $61.24. The business has a fifty day simple moving average of $52.94 and a 200-day simple moving average of $49.95.
General Motors Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, March 7th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, March 7th. This represents a $0.48 dividend on an annualized basis and a yield of 0.95%. General Motors’s payout ratio is 5.12%.
Insider Buying and Selling
Analysts Set New Price Targets
A number of analysts have recently weighed in on the company. HSBC lowered General Motors from a “buy” rating to a “hold” rating and set a $58.00 price objective on the stock. in a research report on Wednesday, December 11th. DZ Bank cut General Motors from a “buy” rating to a “hold” rating and set a $49.00 price objective for the company. in a research note on Friday, October 11th. Deutsche Bank Aktiengesellschaft raised shares of General Motors from a “hold” rating to a “buy” rating and raised their target price for the company from $56.00 to $60.00 in a report on Tuesday, January 21st. Sanford C. Bernstein boosted their price target on shares of General Motors from $53.00 to $55.00 and gave the stock a “market perform” rating in a report on Friday, October 25th. Finally, Hsbc Global Res lowered shares of General Motors from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 11th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $61.28.
View Our Latest Research Report on GM
About General Motors
General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts; and provide software-enabled services and subscriptions worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brand names.
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