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Ford Motor (F) earnings are out for Q1 2024: Double Beat
By: TrendSpider | April 24, 2024
• Ford Motor earnings are out for Q1 2024:
~EPS: $0.49 vs $0.42 est
~SALES: $43.00B vs $40.10B est
+2.86% in after hours
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Ford Stock Hammered by Competitors
By: 24/7 Wall St. | April 24, 2024
The figures are straightforward. Over the past two years, Ford Motor Co. (NYSE: F) shares have gone down 14%. Meanwhile, shares of General Motors Co. (NYSE: GM) have risen 13%, the S&P 500 is up 19%, and Toyota Motor Corp. (NYSE: TM) stock has increased 36%.
What Went Wrong?
Among all the major car companies, Ford has been the worst at balancing the rise of electric vehicles (EVs), which has slowed considerably, and the lasting appeal of gasoline-powered cars. Ford put billions of dollars into EVs, as did many other carmakers, but its failure stands out. It used two of its most iconic brands to sell EVs, and both moves failed. The nation’s best-selling vehicle, the F-150, was introduced as an EV as the F-150 Lightning. The Mustang sports car, introduced in 1964, became the Mustang Mach-E crossover. Each of these sells only a few thousand units a month.
As Toyota strategically decided that hybrids would be the wave of the near future, Ford stuck with its EV plans. As Ford brought out more EV models, it changed the prices of these several times because it could not accurately track production costs. It has finally started to push hybrids more aggressively.
Crosstown rival GM did not spend the brand equity of its most popular cars to sell EVs. It chased Tesla Inc. (NASDAQ: TSLA) as aggressively as Ford did. Still, it was slower and more cautious as it brought out EV versions of popular models, including the Chevy Silverado, which competes with the F-150. (See how much money Tesla makes every minute.)
Ford CEO Bill Ford said the F-150 Lightning was the most important product launch of his tenure at the company. That singled him out to the market as being “all in” on an EV future. However, Ford’s EV sales are more disappointing than those of any major manufacturer that competes with its model lines. Perhaps Bill Ford should have kept his opinions to himself. The markets might have been less disappointed.
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Ford Stock Has 27% Upside, According to 1 Wall Street Analyst
By: The Motley Fool | April 13, 2024
Ford Motor Company (NYSE: F) appears to be throttling back its efforts to shift toward producing more fully electric vehicles (EVs), and one analyst thinks this strategy makes good sense. This week, Barclays analyst Dan Levy boosted his price target on the automaker while continuing to say Ford shares should be bought.
Levy edged his price target for Ford stock up $1 to $16, but that would still represent a 27% gain over the next 12 months or so from Friday's closing price. That positive sentiment comes a week after Ford reported that its first-quarter U.S. EV sales soared by 86% year over year.
The analyst thinks that Ford stock can go higher despite those EV sales, not because of them.
EV sales soar
Ford reported selling a little over 20,000 EVs in the first quarter domestically, so the large percentage increase reflects a jump from a low base. But it still bucks the industry trend. Overall EV sales in the U.S. grew 8% year over year in 2024's first quarter, which was much lower than the 40% year-over-year growth seen in the fourth quarter.
Ford is also working to boost sales of EVs already produced. This week the company announced it would drop prices on its F-150 Lightning all-electric pickup truck by as much as $5,500. That comes after the company slowed production on the vehicle to offset rising inventories.
Ford's advantage versus its competitors is that it can be flexible beyond its EV offerings. That includes a growing lineup of hybrid electric vehicles as well as its Transit commercial vans. Its Q1 sales totals for hybrids and Transit vans both set new records.
As the demand for EVs has slowed, that strategy looks to be working. It's also why the automaker's stock looks to be a good buy at recent levels. With its earnings and free cash flow expected to grow further this year, this analyst call is a good one.
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Ford recall on Broncos, Escapes over fuel leak, engine fire risk prompt feds to open probe
By: USA TODAY | April 13, 2024
Federal auto regulators have announced a probe into a Ford recall of nearly 43,000 automobiles following an error with cracked fuel injectors they say can cause gas leaks and ignite engine fires.
In a summary report dated Thursday, the National Highway Traffic Safety Administration wrote it was opening an investigation into a recall of Ford Bronco and Escape vehicle by the automaker headquartered in Dearborn, Michigan.
According to a letter addressed to Ford from the NHTSA, the error impacted about 42,652 (or 1%) of the SUVs produced in 2022 and 2023.
The safety regulator posted documents online announcing the probe just two days after the recall was made public.
As of Friday, no injuries connected to the recall had been reported by the NHTSA.
What Ford models are being recalled?
The following Ford models are affected in the recent recall:
22,270 Bronco Sport vehicles from 2022 and 2023
20,382 Escape vehicles from 2022
All the recalled SUVs have 1.5-liter engines, NTHSA said.
What should I do if my Ford Bronco or Escape is recalled?
According to the federal investigation announcement, owners can take their vehicle to a Ford or Lincoln dealer to have a drain tube installed in the vehicle at no cost.
The remedy also includes a free engine control software update to detect a pressure drop in the fuel injection system, the federal regulator reported. Should that occur, the software will disable the high pressure fuel pump, reduce engine power and cut temps in the engine compartment. Owners also will get a "seek service" message, documents show.
But according to safety regulators, the automakers remedy enables fuel to drain from a cylinder head hole to the ground below the vehicle.
"The recall remedy does not include replacement of the cracked fuel injector," NTHSA wrote.
When did Ford notify owners about the recall?
Dealers, the NHTSA reported, were notified on March 11 about the recall.
Ford said it began notifying owners whether their vehicle is affected on April 1.
Drivers can check the NHTSA website to see if their vehicle has been affected by the recall.
Ford's number for this recall is 24S16. This recall is an expansion of previous recall: 22V-859.
For more information, owners may contact Ford customer service at 1-866-436-7332.
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Ford $F F-150 Lightning Gets Special Discount For Tesla $TSLA Owners
By: Evan | April 11, 2024
• FORD $F F-150 LIGHTNING GETS SPECIAL DISCOUNT FOR TESLA $TSLA OWNERS
This new incentive – officially called Tesla Competitive Conquest Bonus Cash – offers existing Tesla owners $1,500 off the price of a new Ford F-150 Lightning, applying to all trims of the EV - Ford Authority
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May be go up 15 % in next 6 months.
2 Stocks to Watch Under $20: Ford and GameStop
By: Schaeffer's Investment Research | March 27, 2024
• Both GME and F are under $20
On the other hand, the shares of Ford Motor are on the rise today, after the automaker yesterday reaffirmed its 2024 guidance. According to the company's CFO, "things are looking pretty good" in the vehicle market. At last check, F was up 4% at $12.94. The stock has been middling between $12 and $13 since early February, up 7.7% since the start of 2024.
Ford stock is also seeing attractively price premium at the moment. Its Schaeffer's Volatility Index (SVI) of 28% ranks in the low 6th percentile of its annual range, meaning options traders are pricing in low volatility expectations. The equity tends to outperform said expectations too, per its Schaeffer's Volatility Scorecard (SVS) of 80 out of 100.
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Is Ford Stock a Buy?
By: The Motley Fool | March 18, 2024
In the past decade, shares of Ford (NYSE: F) have produced a total return, including dividends, of just 30%. If one would've just invested in an S&P 500 index fund, their money would've more than tripled.
Ford bulls are hoping the next few years will end up differently. As of this writing, this auto stock trades 67% below its all-time high. Consequently, the forward P/E ratio is 6.5, which might be enticing for some investors.
So, is it time to buy Ford shares?
Latest business results
Shares of Ford jumped 6% right after it reported 2023 fourth-quarter financial results. It's safe to say that investors were pleased with how the business wrapped up the year.
Ford posted a 4.5% revenue increase in Q4 and an 11.4% rise for the full year. That yearly gain is a much faster clip than investors are used to seeing from this mature company. Ford also reported diluted earnings per share of $1.08 for the full year, a huge improvement from the $0.49 loss in 2022.
The results were good enough for the leadership team to approve a special one-time $0.18 dividend. The stock already yields a 4.95% payout, so this is music to the ears of income investors.
Last year, management made the decision to delay $12 billion of EV (electric vehicles)-related investments due to soft demand and pricing trends. That's not an encouraging sign for a segment that was supposed to be a key business driver in the years ahead. Ford model e, the EV division, reported just a 2% sales increase in Q4, with the operating loss coming in at $1.6 billion.
A bright spot has been Ford's commercial segment, which sells vehicles to enterprise customers. Revenue here was up 19% in 2023, with operating profit totaling $7.2 billion.
Wall Street consensus analyst estimates call for company revenue to rise by 5.8% in 2024. So, there is healthy demand that's forecasted on the horizon. Add this to the $2 billion in cost cuts that executives have planned, and it's understandable for shareholders to be optimistic.
Focus on the bigger picture
Bullish investors have a lot to cheer about right now. Ford appears to be performing well as of late, it pays a hefty dividend, and the stock is cheap. However, I don't think it makes for a solid investment over the long term.
For starters, just look at how intensely competitive the industry is. Ford battles it out against scaled domestic and international rivals that compete all on the same factors, like pricing and design, to draw in consumers. In the EV world, there are deep-pocketed and innovative industry rivals that aim to be at the forefront of the shift in the auto industry. This setup will continue to make it difficult for Ford to achieve outsized success.
Because Ford sells expensive vehicles, which are likely a person's second-biggest purchase (behind their home), the business is heavily reliant on a favorable macro backdrop in order to prosper. Consumers can delay buying a new car when times get tough.
Yes, the economy spends more time growing than contracting, but it's concerning how much changes in interest rates can impact Ford's financials. If the U.S. enters a recession in the near term, it will certainly hurt the business. The fact that no one can accurately predict what direction the economy is headed in adds uncertainty and risk.
I'm also not a fan of Ford's growth trends. Revenue in 2023 was 20% higher than 2013's total. That translates to a compound annual rate of just 1.8%. Given the mature nature of the industry, there's no reason to have confidence that things will pick up from this pace.
Ford hasn't been a worthwhile investment in the past. I think this will continue to be the case, so I'm not buying the stock.
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WHAT A WASTE OF MONEY!!!!!!!!
WAY TOO GREEDY!!!!!!!!!!
Nice numbers.
$F Ford moving higher after posting a double beat for the quarter
By: TrendSpider | February 7, 2024
• $F Ford moving higher after posting a double beat for the quarter
~EPS: $0.29 vs $0.13 est
~SALES: $46.00B vs $39.53B est
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11.88 finally! Let the climb continue.💲
Ford recalls over 2M Explorer SUVs worldwide
By: Investing | January 24, 2024
Detroit automaker, Ford (NYSE:F) announced Wednesday that the company is recalling 2.24 million Ford Explorer SUVs worldwide made between 2011-2019 due to potential issues with trim retention clips not being properly engaged.
The recall includes 1.89 million SUVs in the United States, spanning model years 2011 through 2019. The National Highway Traffic Safety Administration (NHTSA) revealed that the trim on these vehicles could detach, prompting the safety recall.
Ford has stated there have been no reported crashes or injuries associated with the identified problem.
As part of the recall, authorized dealers will conduct inspections and replace the A-pillar trim as needed. The A-pillar is the metal support for the windshield, and Ford ceased using this particular part in 2019.
Approximately 5% of the affected vehicle population, as estimated by Ford, is expected to be impacted by this recall. Owners of the identified vehicles may observe gaps around a loose A-pillar trim or notice audible rattles or excessive wind noise from the A-pillar area.
Ford revealed that it had initially received an informal inquiry from the NHTSA in 2018 regarding detachments of exterior A-pillar trim parts on 2012-2014 Explorer vehicles. At the time, the automaker determined that the issue did not pose an unreasonable safety risk.
However, in 2021, Ford reopened a review of the matter and again concluded that a recall was unnecessary.
The situation took a turn in February 2023 when the NHTSA initiated a preliminary investigation to reassess the issue. In August of the same year, Ford received an inquiry from Transport Canada addressing the identical problem.
The NHTSA emphasized to Ford that the trim detachment while driving posed a road safety hazard to other vehicles.
Ford acknowledged being aware of 14,337 warranty reports alleging missing or detached exterior A-pillar trim parts.
Shares of F are down 2.68% in afternoon trading on Wednesday.
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Ford cuts F-150 Lightning production
By: Investing | January 19, 2024
(Reuters) -Ford Motor said on Friday it would reduce production of its F-150 Lightning pickup truck, as demand for electric vehicles (EVs) slows.
The automaker sees continued growth in global EV sales in 2024, though expects it to be "less than anticipated".
Ford (NYSE:F) said a few dozen employees could be impacted at component plants supporting F-150 Lightning production.
Legacy car manufacturers have sharpened their focus towards hybrid models over the past year as buyers snapped up more of those in place of all-electric models.
Ford also said about 1,400 employees would be impacted as its Rouge Electric Vehicle Center transitions to one shift effective April 1.
The Detroit automaker added that it would add a third crew and create nearly 900 jobs at its Michigan assembly plant to increase production of Bronco SUVs and Ranger pickups.
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Analyst: Ford Stock Facing an Uphill Battle
By: Schaeffer's Investment Research | January 16, 2024
• UBS downgraded Ford stock to "hold" from "buy"
• The shares are struggling early in 2024
Shares of automotive giant Ford Motor Co (NYSE:F) are 2.2% lower premarket and on track to open at $11.21 after a bear note from UBS. The Wall Street brokerage downgraded F to "neutral" from "buy," citing limited upside for the automaker as well as an uphill battle compared to its sector peers.
Coming into today, analysts were split on Ford stock, which leaves room for optimism to unwind. While eight of 16 covering brokerages recommend a "hold" or worse, the other eight rate the security a "buy" or better. What's more, price-target cuts could be on the way considering the 12-month average target price of $12.69 is a 10.7% premium to last night's close.
A shift in sentiment in the options pits could also add more headwinds. This is per F's 50-day call/put volume ratio of 2.77 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) that ranks higher than 94% of readings from the past year, implying long calls were favored over the last 10 weeks.
On the charts, Ford stock has pulled back in recent sessions, losing four of its last five. While the equity closed at breakeven yesterday, the $11.20 level saved the session's dip and it looks like it's stepping up as support once again today. Three weeks into the year, F is already down 6% and has shed 19% over the last six months.
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Ford $F ran over +15% after Chief EV, Digital & Design officer bought over $2M in shares last month. Is the stock setting up for another push higher?
By: TrendSpider | January 11, 2024
• $F Ford ran over +15% after Chief EV, Digital & Design officer bought over $2M in shares last month
Is the stock setting up for another push higher?
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Where is Sally Field now ?
Ford $F just released its 2023 and Q4 US sales data
By: Evan | January 4, 2024
• Ford $F just released its 2023 and Q4 US sales data
Ford sold 1.9 Million vehicles in 2023 up 7.5% YoY. Ford sold 72.6K EVs in 2023 up 17.9% YoY
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Ford's 2023 US sales rise 7.1% on pickup truck, SUV demand
By: Investing | January 4, 2024
(Reuters) -Ford Motor on Thursday posted a 7.1% rise in 2023 U.S. sales, fueled by demand for its crossover SUVs and pickup trucks and easing supply chain constraints.
The automaker notched annual sales of 1.99 million units, compared with 1.86 million units a year earlier.
Overall, U.S. new vehicle sales last year finished at around 15.5 million units, of which electrified vehicles including hybrids made up nearly 17%, according to data from Wards Intelligence.
General Motors (NYSE:GM) on Wednesday reported higher U.S. sales and was able to retain its lead over Toyota (NYSE:TM) and other automakers.
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Citi cuts estimates on Ford, maintains Buy rating
By: Investing | December 19, 2023
Citi Research reiterated a Buy rating on Ford Motors (NYSE:F) and cut their 12-month price target on the stock to $15.00 (From $17.00) after the Detroit automaker updated guidance to reflect recent concessions made to workers following a UAW strike.
Analysts cut their 2023-2024 estimated EPS by around 11-12%. Additionally, there has been a minor downward adjustment of 2% for the 2025 estimated EPS. However, it's worth noting that the projected estimates for 2024 and 2025 still stand considerably higher than the general consensus among analysts.
It was also noted that there are “No major changes to LT view of Ford’s EPS strength.”
Shares of F are up 0.38% in early trading Tuesday morning.
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