- 23 Jul '17 at 3:05 pm #10511
[article]61[/article]24 Jul '17 at 12:21 am #10512TradersComKeymaster
False economy indeed – like so much else with cheap money – Ford has more to deal with like recalls also. Be interesting the new direction, assuming there is one. The F 150 is its gold mine and low gasoline has fed that.25 Jul '17 at 6:54 pm #10563Helmholtz WatsonParticipant
[quote=”TradersCom” post=234]False economy indeed – like so much else with cheap money – Ford has more to deal with like recalls also. Be interesting the new direction, assuming there is one. The F 150 is its gold mine and low gasoline has fed that.[/quote]
$GM out and steady – seems so much bearish in these names that in record highs people searching for hope.25 Jul '17 at 8:05 pm #10566CautiousInvestorKeymaster
[color=green][size=5]^^^ Agreed — Ford trucks are also used a lot commercially as well. The 2018 Mustang GT is a work of art (even though I grew up loving Chevy’s). Domestic car sales should “follow the economy” — as it struggles to return back to pre-2008 health (long ways to go I believe)
P.S. and for you NASCAR fans … FORD = almost “First on Race Day” for BRICKYARD 400 … as doctor “K” and the car #2 from Penske team almost won 8)[/size][/color]27 Jul '17 at 8:02 pm #10635
EPS: 56 cents per share adjusted vs. 43 cents expected, according to Thomson Reuters
Revenue: $39.9 billion vs. $37.1 billion expected, according to Thomson Reuters
Ford second-quarter net income of $2 billion was flat with the year ago period. On a per share basis, net earnings rose to 51 cents from 49 cents. On an adjusted basis, Ford earned 56 cents a share,
Ford raised its full-year earnings forecast to a range of $1.65 to $1.85 a share, on an adjusted basis. However the improved outlook was also helped by the more favorable tax rate.
Ford said the company’s tax rate would be about 15 percent for this year, but would return to roughly 30 percent next year. In 2016, the company’s tax rate was about 31.9 percent.
Ford’s F-Series trucks had best second-quarter sales performance since 2001, gaining 7 percent over last year.
Luxury Lincoln brand performed well in both the U.S. and China. Lincoln sold more than 29,000 vehicles in the U.S., its best performance in a decade. In China, Lincoln sales rose a record 84 percent.
“This quarter shows the underlying health of our company with strong products like F-Series and commercial vehicles around the world, but we have opportunity to deliver even more,” said recently appointed CEO Jim Hackett. “The entire team is focused on improving the fitness of the business and smartly deploying our capital to improve both the top and bottom lines in the quarters ahead.”
Pretax profit for Ford Credit was $619 million, a 55 percent increase over the same quarter last year.
The company reported lower adjusted pretax profit of $2.5 billion, versus $3 billion in the same quarter last year, citing factors such as higher steel costs, unfavorable exchange rates.
Average transaction prices rose nearly five times the industry average and incentives declined as a percentage of vehicle prices, even though incentives increased for the industry overall, the company said in a statement.
Ford Motor Company NYSE: F – Jul 27, 11:56 AM EDT 11.11 +0.05 (+ 0.45%)04 Aug '17 at 5:51 pm #10917
Nomura downgraded Ford to neutral and lowered price target to 11.60 from 14.80
Analyst Anindya Das cited worried about earnings growth in the U.S., with competitors threatening to take market share in midsize SUVs and a potential negative cycle in pickup trucks in a few years.
In Europe, Ford is more exposed to Brexit effects, while an EU-Japan free trade deal may favor Japanese rivals in that market.
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