Ford Motor Company (NYSE: F) recently announced its third-quarter results, raised its full-year profits outlook, and resumed dividend payments. Ford has great aspirations for the electric car industry, and the company’s financial performance may be considerably improved.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free.
Due to a lack of semiconductors, Ford’s production fell in the second quarter, but the situation was largely remedied in the third quarter, allowing a 32 percent rise in car sales and a 33 percent gain in revenues, compared to the second quarter. Revenue was down 5% from Q3 2020, but earnings per share (EPS) were $0.51, above Wall Street’s estimates.
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free. .
According to the results of all 2021 Ford Motor Company (F), the company increased its forecast for adjusted earnings from $9 to $10 billion to $10.5 to $11.5 billion. Thus, despite the fact that the chip scarcity might last until 2023, wholesale sales are predicted to increase by 10% in 2022.
Overall, Ford Motor Company (F) is optimistic and has reinstated its $0.1 per share quarterly dividend, which had been suspended at the start of the 2020 pandemic.
Some analysts, like Morgan Stanley’s Adam Yonas, fear Ford Motor Company (F) is resuming dividend payments too soon, owing to the significant cost of transitioning to electric vehicles. At the same time, Wells Fargo expects that Ford will have a significant year in 2022, with new model introductions, Argo AI autopilot improvements, and news about battery development.
Furthermore, demand for automobiles remains high despite limited supply, and even Ford’s 10% increase in manufacturing next year would not match market demand. This allows room for expansion in 2023.
Ford’s stock has risen 94% this year, and the firm has the ability to continue on its upward trajectory. The Ford Motor Company (F) share was valued at $17.95 in trading on November 01. The company’s market cap reached $69.53 billion.