Equities research analysts expect that Fiat Chrysler Automobiles NV (NYSE:FCAU) will report $0.92 earnings per share for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for Fiat Chrysler Automobiles’ earnings, with the highest EPS estimate coming in at $0.99 and the lowest estimate coming in at $0.85. Fiat Chrysler Automobiles reported earnings of $1.00 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 8%. The firm is expected to announce its next earnings report on Tuesday, October 29th.
On average, analysts expect that Fiat Chrysler Automobiles will report full year earnings of $2.81 per share for the current fiscal year, with EPS estimates ranging from $2.60 to $2.95. For the next year, analysts anticipate that the firm will post earnings of $2.61 per share, with EPS estimates ranging from $2.10 to $3.01. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for Fiat Chrysler Automobiles.
Fiat Chrysler Automobiles (NYSE:FCAU) last posted its earnings results on Wednesday, July 31st. The company reported $0.56 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.08). The business had revenue of $26.74 billion for the quarter, compared to the consensus estimate of $27.23 billion. Fiat Chrysler Automobiles had a return on equity of 17.07% and a net margin of 2.95%. The company’s revenue was down 3.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.62 earnings per share.
FCAU has been the topic of several analyst reports. Goldman Sachs Group initiated coverage on shares of Fiat Chrysler Automobiles in a report on Monday, July 15th. They set a “sell” rating and a $14.18 price target on the stock. Zacks Investment Research cut shares of Fiat Chrysler Automobiles from a “buy” rating to a “hold” rating in a report on Tuesday, July 16th. Evercore ISI upgraded shares of Fiat Chrysler Automobiles from an “in-line” rating to an “outperform” rating in a report on Tuesday, May 28th. Oddo Securities upgraded shares of Fiat Chrysler Automobiles from a “sell” rating to a “neutral” rating in a report on Tuesday, May 28th. Finally, Nomura initiated coverage on shares of Fiat Chrysler Automobiles in a report on Wednesday, June 19th. They set a “neutral” rating on the stock. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $16.35.
Fiat Chrysler Automobiles stock traded up $0.07 during midday trading on Tuesday, hitting $12.37. 2,911,200 shares of the stock were exchanged, compared to its average volume of 3,858,605. Fiat Chrysler Automobiles has a 52-week low of $12.11 and a 52-week high of $18.50. The stock has a market capitalization of $24.10 billion, a price-to-earnings ratio of 3.27, a price-to-earnings-growth ratio of 1.56 and a beta of 1.73. The business’s 50-day moving average price is $13.55 and its 200-day moving average price is $14.42. The company has a quick ratio of 0.56, a current ratio of 0.81 and a debt-to-equity ratio of 0.30.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in FCAU. AQR Capital Management LLC boosted its stake in Fiat Chrysler Automobiles by 35.0% in the first quarter. AQR Capital Management LLC now owns 22,405,702 shares of the company’s stock valued at $333,709,000 after acquiring an additional 5,807,093 shares during the last quarter. Marshall Wace LLP boosted its stake in Fiat Chrysler Automobiles by 223.5% in the second quarter. Marshall Wace LLP now owns 7,159,497 shares of the company’s stock valued at $99,878,000 after acquiring an additional 4,946,622 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Fiat Chrysler Automobiles by 73.3% in the second quarter. Bank of New York Mellon Corp now owns 9,703,661 shares of the company’s stock valued at $134,105,000 after acquiring an additional 4,103,134 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Fiat Chrysler Automobiles by 14,058.9% in the second quarter. Renaissance Technologies LLC now owns 2,378,694 shares of the company’s stock valued at $32,972,000 after acquiring an additional 2,361,894 shares during the last quarter. Finally, Morgan Stanley boosted its stake in Fiat Chrysler Automobiles by 29.0% in the second quarter. Morgan Stanley now owns 8,507,518 shares of the company’s stock valued at $117,574,000 after acquiring an additional 1,911,618 shares during the last quarter. Hedge funds and other institutional investors own 26.58% of the company’s stock.
About Fiat Chrysler Automobiles
Fiat Chrysler Automobiles N.V., together with its subsidiaries, designs, engineers, manufactures, distributes, and sells vehicles, components, and production systems. The company operates through five segments: NAFTA, LATAM, APAC, EMEA, and Maserati. It provides passenger cars, SUV vehicles, trucks, and light commercial vehicles under the Jeep, Ram, Dodge, Chrysler, Fiat, Fiat Professional, Alfa Romeo, and Abarth brands; and luxury vehicles under the Maserati brand, as well as related service parts and accessories, and service contracts under the Mopar brand.
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