General Motors Company (NASDAQ:GM) Expected To Report Earnings On Tuesday

Sans paper loss GM makes $2.5B stock jumps in premarket

Associated Press

Several other institutional investors also recently made changes to their positions in the stock.

In China, GM reported it delivered 982,311 vehicles, setting a third-quarter record, up 12.3 percent from the third quarter of 2016. Mathes Company Inc. now owns 56,000 shares of the auto manufacturer's stock valued at $670,000 after acquiring an additional 5,000 shares during the period.

GM had 76 days' supply of unsold vehicles at the end of September, down from 88 days a month earlier and over 100 in the summer. It also increased its holding in Whirlpool Corp (NYSE:WHR) by 241,659 shares in the quarter, for a total of 2.18 million shares, and has risen its stake in Willis Towers Watson Pub Ltd. Balasa Dinverno & Foltz LLC now owns 43,017 shares of the auto manufacturer's stock valued at $1,737,000 after buying an additional 4,433 shares during the last quarter. Finally, Pineno Levin & Ford Asset Management Inc. boosted its stake in shares of General Motors Company by 0.5% in the second quarter. Ffcm LLC now owns 3,373 shares of the auto manufacturer's stock valued at $120,000 after purchasing an additional 3,213 shares during the period.

More notable recent General Motors Company (NYSE:GM) news were published by: Wsj.com which released: "GM, Fiat Chrysler Shares Climb As Investors Focus on Companies' Futures" on October 24, 2017, also Seekingalpha.com with their article: "General Motors (GM) Q3 2017 Results - Earnings Call Transcript" published on October 24, 2017, Seekingalpha.com published: "Post-bankruptcy high for GM as profitability impresses" on October 24, 2017. Following the completion of the transaction, the executive vice president now directly owns 214,171 shares of the company's stock, valued at approximately $8,918,080.44. General Motors Company has a 1-year low of $30.21 and a 1-year high of $46.76. 11,181,931 shares of the company traded hands.

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The stock is trading at $45.15 marginally over $41.53, the 50 day moving average and which is significantly above the 200 day moving average of $36.38. The stock of Ford Motor Company (NYSE:F) earned "Buy" rating by UBS on Wednesday, October 28.

Analysts await General Motors Company (NASDAQ:GM) to report earnings on Oct, 24 for the fiscal quarter ending Sep 2017. Ford Motor had a return on equity of 19.69% and a net margin of 2.52%.

In terms of earnings per share, 18 analysts have a 1.40 EPS mean target for the quarter ending Dec-17, for the quarter ending Mar-18, 10 analysts have a 1.48 EPS mean target and for the quarter ending Mar-18 there are 14 estimates of 6.09 EPS. The business had revenue of $30.48 billion during the quarter, compared to analysts' expectations of $29.93 billion. The business's revenue for the quarter was down 16.6% compared to the same quarter a year ago.

General Motors Company shares rose $1.45 (+3.21%) in premarket trading Tuesday. This represents a $1.52 annualized dividend and a dividend yield of 3.37%. Ford Motor's payout ratio is 63.16%.

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GM has been the topic of a number of analyst reports. The rating was maintained by Morgan Stanley on Thursday, September 21 with "Overweight".

On September 25 the company was upgraded to "Buy" from "Hold" by Deutsche Bank. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twelve have assigned a buy rating and three have issued a strong buy rating to the company. RBC Capital Markets has "Hold" rating and $3700 target.

Reports Income of $0.1 Billion and EBIT-adjusted of $2.5 Billion from Continuing Operations. Discounts as a percentage of the average transaction price totaled 13.7 percent, slightly above the industry average, according to Reuters.

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