General Motors (NYSE:GM) Beats Analysts Sales Forecasts – GM, F, TM, HMC

  on Jul 05,2012 Posted in Business News ,Finance
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General Motors Company (NYSE:GM), Ford Motor Company (NYSE:F) and Chrysler Group LLC reported that United States auto sales for June had surpassed analysts’ anticipations, helping the industry beat forecasts and stay on pace for the best year since 2007.

United States auto sales climbed to a 14.1 million seasonally adjusted yearly rate, according to researcher Autodata Corp report. This surpassed the 13.8 million light vehicle rate that was the median forecast of 15 analysts polled by Bloomberg.

General Motors sales moved up 16% from the previous month, surpassing the 7.6% boost that was the median forecast of 11 analysts polled by Bloomberg.

Let’s have a quick look at the market performance of the key rivals. Shares of Ford Motor Company (NYSE:F) surged +2.24% to settle at $9.60, Toyota Motor Corporation (ADR) (NYSE:TM) moved up +0.87% to finish at $80.88 while Honda Motor Co Ltd (ADR) (NYSE:HMC) surged +1.02% to end the trading session at $34.62.

Previous session traded volume of General Motors Company (NYSE:GM) was 10.72 million shares compared with its average volume of 8.36 million shares. Shares of the company traded within the price range of $19.00 – $32.08 during the earlier traded session.

General Motors price to earnings ratio was 6.01 compared with 2.02 and 35.79 of Ford Motor and Toyota Motor Corporation respectively. The P/E ratio of a stock is a measure of the price paid for a share relative to the annual earnings per share. The stock offers 3.89% as returns on assets while return on equity was 20.21%.

Last month, General Motors stock price volatility remained 2.69% while stock price volatility for the week was 3.50%. General Motors has 1.57 billion shares outstanding in its share capital and 727.18 million shares have been floated in the market.

The company generated revenue of 151.84 billion in the last twelve months and had $5.73 billion in earnings. The stock reported a net profit margin of +3.79% whereas operating margin was +3.76%.



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