Ford Motor Company (F): Barclays, Credit Suisse Weigh In On Q2 Earnings - Business Finance News
Barclays and Credit Suisse issued reports on Ford Motor Company’s ( NYSE:F ) second quarter of fiscal year 2015 (2QFY15) earnings release, providing their take on the automaker’s performance. In 2QFY15 , Ford reported earnings per share (EPS) of $0. 47, compared to consensus estimates of $0. 37. Barclays and Credit Suisse analysts were expecting $0. 39 and $0. 37 in EPS for the quarter. Barclays Barclays analyst Brian Johnson reiterated an “Equal Weight” with $16 price objective on Ford stock. With the 2015 Ford F-150 pickup truck production fully ramped up and inventories to be normalized by 3QFY15, North America is well-positioned for 2HFY15. For FY16, given F-150 will be in full production and 2016 Ford Super Duty Truck changeover will kick in, the investment firm projects margin of 9. 30%. Mr. Johnson also foresees encouraging signs in overseas markets, including Europe and China. Credit Suisse Credit Suisse analyst Dan Galves maintained a Neutral rating with $16 price objective on Ford stock. The company’s great execution is expected to help it counter several risk factors that are affecting automakers, and Ford-specific risk related to. Source: www.businessfinancenews.com
