Upcoming AWS Coverage on Tata Motors

LONDON, UK / ACCESSWIRE / February 8, 2017 / Active Wall St. announces its post-earnings coverage on Ford Motor Co. (NYSE: F). The Company reported its financial results for the fourth quarter fiscal 2016 (Q4 FY16) and full year 2016 (FY16) on January 26, 2017. The Dearborn, Michigan-based Company's quarterly revenues fell on a year-over-year basis; however, it beat market consensus estimates. Register with us now for your free membership at:

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One of Ford Motor's competitors within the Auto Manufacturers - Major space, Tata Motors Ltd. (NYSE: TTM), is estimated to report earnings on February 09, 2017. AWS will be initiating a research report on Tata Motors Ltd following the release of its next earnings results.

Today, AWS is promoting its earnings coverage on F; touching on TTM. Get our free coverage by signing up to:

http://www.activewallst.com/registration-3/?symbol=F

http://www.activewallst.com/registration-3/?symbol=TTM

Earnings Reviewed

In Q4 FY16, Ford reported total revenue of $38.7 billion, falling $1.6 billion from $40.3 billion in Q4 FY15. Total revenue numbers for the reported quarter outperformed market expectations of $35.55 billion.

The automobile Company reported GAAP net loss attributable to Ford of $783 million, or $0.20 loss per diluted share, in Q4 FY16 compared to GAAP net income attributable to Ford of $1.87 billion, or $0.47 per diluted share, in Q4 FY15. The Company's adjusted pre-tax profit for the reported quarter stood at $2.13 billion, or $0.30 per diluted share, versus $2.61 billion, or $0.58 per diluted share, in Q4 FY15. Wall Street had expected the Company to report adjusted pre-tax profit of $0.32 per diluted share.

For full year FY16, Ford's revenue was $151.80 billion which came in above the $149.56 billion reported in FY15. However, the Company's GAAP net income attributable to Ford fell to $4.60 billion, or $1.15 per diluted share, in FY16 from $7.37 billion, or $1.84 per diluted share, in FY15. Additionally, the Company's adjusted pre-tax profit for FY16 stood at $10.38 billion, or $1.76 per diluted share, compared to $10.80 billion, or $1.93 per diluted share, in FY15.

Segment Performance

Ford Automotive

During Q4 FY16, the Company's Automotive segment's revenues fell 5% y-o-y to $36.0 billion. Wholesale volumes also decreased 4% y-o-y to 1.71 million units in Q4 FY16. Additionally, the pre-tax profit declined to $2.04 billion in Q4 FY16 from $2.32 billion in the year ago corresponding quarter.

Geographical Contribution

The Automotive segment's North American revenues fell to $23.1 billion in Q4 FY16 from $24.9 billion in Q4 FY15. Wholesale volumes declined to 703 thousand units Q4 FY16 from 808 thousand units in the prior year's comparable quarter. Furthermore, the regional's Q4 FY16 pre-tax profit contribution was down by 4% y-o-y to $1.96 billion.

In Q4 FY16, the segment's South American revenues increased 18% to $1.4 billion. The wholesale volumes rose 13% to 90 thousand units in the reported quarter. Moreover, the pre-tax loss narrowed during Q4 FY16 to $293 million from $295 million in the prior year's same quarter.

The revenues from the European region were down by 2% y-o-y to $7.2 billion in Q4 FY16. However, the Q4 FY16 wholesale volumes remained flat year over year at 390 thousand units. Furthermore, the region's pre-tax profit increased to $166 million in Q4 FY16 from $131 million in the last year's same quarter.

During Q4 FY16, the revenues from Middle East & Africa region declined 12% y-o-y to $0.9 billion. The wholesale volumes also declined 24% y-o-y to 41 thousand units Q4 FY16. The region reported a pre-tax loss of $71 million in Q4 FY16, against a pre-tax profit of $13 million in Q4 FY15.

The Asia/Pacific region's revenues for Q4 FY16 came in at $3.4 billion, flat on a year-over-year basis. The region's wholesale volumes rose 9% during the reported quarter to 483 thousand units. However, the region's pre-tax profit declined 36% y-o-y to $284 million in Q4 FY16.

Financial Services

In the reported quarter, the segment's net receivables rose 7% y-o-y to $130.2 billion. The segment's managed receivables also grew 8% y-o-y to $136.9 billion in Q4 FY16. However, the segment's pre-tax profit declined 28% y-o-y to $398 million in Q4 FY16.

Cash Flow & Balance Sheet

For the year ended on December 31, 2016, Ford generated $19.79 billion in cash from operations compared to $16.17 billion at the end of quarter in the year ago same period. The Company had cash and cash equivalents balance of $15.91 billion as on December 31, 2016, compared to $14.27 billion, at the close of books on December 31, 2015. Furthermore, the Company had automotive long-term debt and financial services long-term debt amounting to $13.22 billion and $80.08 billion, respectively, as on December 31, 2016.

Dividend and Share Repurchases

In a separate press release on January 10, 2017, Ford's Board of Directors declared first quarter dividend of $0.15 per share and a $200 million supplemental cash dividend that is equal to $0.05 per share. The dividends are payable on March 01, 2017, to shareholder of record at the close of business on January 20, 2017.

Stock Performance

Ford Motor's share price finished yesterday's trading session at $12.34, sliding 1.44%. A total volume of 32.95 million shares exchanged hands. The stock has advanced 10.57% and 11.96% in the last three months and past twelve months, respectively. Furthermore, since the start of the year, shares of the Company have gained 3.37%. The stock is trading at a PE ratio of 10.77 and has a dividend yield of 4.86%.

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SOURCE: Active Wall Street