Wall Street brokerages forecast that Fiat Chrysler Automobiles (NYSE:FCAU) will post earnings per share (EPS) of $0.69 for the current quarter, according to Zacks. Zero analysts have provided estimates for Fiat Chrysler Automobiles’ earnings. The lowest EPS estimate is $0.68 and the highest is $0.70. Fiat Chrysler Automobiles posted earnings of $0.46 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 50%. The firm is expected to issue its next quarterly earnings results before the market opens on Thursday, April 26th.
On average, analysts expect that Fiat Chrysler Automobiles will report full-year earnings of $3.65 per share for the current year, with EPS estimates ranging from $2.75 to $4.49. For the next financial year, analysts expect that the business will post earnings of $3.30 per share, with EPS estimates ranging from $1.95 to $4.06. Zacks’ EPS calculations are a mean 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 Thursday, January 25th. The company reported $0.82 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.18. The business had revenue of $28.88 billion for the quarter, compared to analyst estimates of $30.08 billion. Fiat Chrysler Automobiles had a net margin of 3.17% and a return on equity of 18.81%. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.35 EPS.
A number of brokerages recently weighed in on FCAU. Instinet assumed coverage on shares of Fiat Chrysler Automobiles in a research report on Wednesday, March 21st. They issued a “neutral” rating and a $21.10 price target on the stock. Morgan Stanley raised their target price on shares of Fiat Chrysler Automobiles from $26.00 to $28.00 and gave the stock an “overweight” rating in a report on Tuesday, April 10th. Nomura assumed coverage on shares of Fiat Chrysler Automobiles in a report on Wednesday, March 21st. They set a “neutral” rating and a $19.00 target price on the stock. Vetr upgraded shares of Fiat Chrysler Automobiles from a “hold” rating to a “buy” rating and set a $25.70 target price on the stock in a report on Monday, January 29th. Finally, ValuEngine downgraded shares of Fiat Chrysler Automobiles from a “strong-buy” rating to a “buy” rating in a report on Monday, February 5th. Seven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Fiat Chrysler Automobiles has a consensus rating of “Buy” and an average price target of $20.79.
Shares of NYSE:FCAU traded up $0.06 during mid-day trading on Tuesday, reaching $23.41. The stock had a trading volume of 3,048,078 shares, compared to its average volume of 4,665,571. The company has a market capitalization of $45,509.85, a price-to-earnings ratio of 8.61 and a beta of 2.07. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.77 and a quick ratio of 0.49. Fiat Chrysler Automobiles has a twelve month low of $9.60 and a twelve month high of $24.95.
Large investors have recently added to or reduced their stakes in the stock. Deutsche Bank AG lifted its holdings in shares of Fiat Chrysler Automobiles by 10.2% during the fourth quarter. Deutsche Bank AG now owns 10,819,542 shares of the company’s stock worth $193,018,000 after buying an additional 1,005,791 shares in the last quarter. Amundi Pioneer Asset Management Inc. acquired a new position in Fiat Chrysler Automobiles in the fourth quarter valued at about $170,403,000. Bank of Italy raised its stake in Fiat Chrysler Automobiles by 10.9% in the fourth quarter. Bank of Italy now owns 7,686,470 shares of the company’s stock valued at $137,446,000 after purchasing an additional 752,486 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Fiat Chrysler Automobiles in the fourth quarter valued at about $105,244,000. Finally, Allianz Asset Management GmbH raised its stake in Fiat Chrysler Automobiles by 3.1% in the fourth quarter. Allianz Asset Management GmbH now owns 3,793,874 shares of the company’s stock valued at $67,683,000 after purchasing an additional 115,437 shares in the last quarter. 25.84% of the stock is owned by institutional investors and hedge funds.
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Fiat Chrysler Automobiles Company Profile
Fiat Chrysler Automobiles N.V., together with its subsidiaries, designs, engineers, manufactures, distributes, and sells vehicles, components, and production systems. The company operates through six segments: NAFTA, LATAM, APAC, EMEA, Maserati, and Components. It provides passenger cars, 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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