Stellantis (NYSE:STLA) reported quarterly earnings of $2.54 per share. This is a 31.9 percent decrease over earnings of $3.73 per share from the same period last year. The company reported $91.53 billion in sales this quarter. This is a 14.63 percent decrease over sales of $107.21 billion the same period last year.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/11/2024 | In-line | Evercore ISI | |
| 10/4/2024 | Outperform → Sector Perform | RBC Capital Mkts | |
| 10/3/2024 | Overweight → Equal Weight | Barclays | |
| 9/5/2024 | Outperform → Peer Perform | Wolfe Research | |
| 8/7/2024 | Buy → Hold | Jefferies | |
| 7/31/2024 | Neutral → Buy | Nomura | |
| 7/29/2024 | Buy → Hold | Deutsche Bank | |
| 6/28/2024 | Mkt Perform | Bernstein |
Stellantis NV (NYSE:STLA) stock plunged after the automaker reported dismal financial results for the first half of 2024 on Thursday. Net revenue was 85 billion euros ($91.53 billion), down 14% year over year, primarily due to the decline in volume and mix. First half net profit came in at 5.6 billion euros ($6.07 billion). That’s down 48% compared to the first half of 2023. Adjusted EPS declined by 35% Y/Y to 2.36 euros. Combined shipments declined by 12% year over year to 2.93 million units. Consolidated shipment decreased by 10% year over year to 2.87 million units. Adjusted operating income (AOI) declined by 40% year over year to 8.5 billion euros, primarily due to
U.S. stock futures were lower this morning, with the Nasdaq futures dipping around 0.5% on Thursday. Shares of Ford Motor Company (NYSE:F) fell sharply in today's pre-market trading following a second-quarter earnings miss. Ford reported second-quarter revenue of $47.8 billion, up 6% year-over-year. The revenue beat a Street consensus estimate of $44 billion according to data from Benzinga Pro. The company reported quarterly earnings per share of 47 cents, missing a Street consensus estimate of 68 cents. Ford Motor shares dipped 13% to $11.90 in the pre-market trading session. Here are some big stocks recording losses in today's pre-market trading session. Edwards Lifescience
In the wake of second-quarter earnings announcements, shares of leading automakers such as Ford Motor Company (NYSE:F), Tesla Inc. (NASDAQ:TSLA), and General Motors Company (NYSE:GM) experienced a downturn on Thursday. What Happened: Tesla’s shares fell by 2.03%, Rivian Automotive Inc‘s (NASDAQ:RIVN) by 3.13%, and GM’s by 1.91%. Stellantis NV (NYSE:STLA) and Ford suffered the most significant declines at 6.84% and 13.46%, respectively, according to Benzinga Pro data. Despite a modest 2% increase in revenue, Tesla’s second-quarter earnings per share did not meet expectations. Investors expressed concerns about a lower-than-expected auto gross margin and free cash flow. CEO Elon Musk’s c
Evercore ISI initiated coverage of Stellantis with a rating of In-line
RBC Capital Mkts downgraded Stellantis from Outperform to Sector Perform
Barclays downgraded Stellantis from Overweight to Equal Weight
SC 13D/A - Stellantis N.V. (0001605484) (Subject)
SC 13D/A - Stellantis N.V. (0001605484) (Subject)
SC 13D/A - Stellantis N.V. (0001605484) (Subject)
6-K - Stellantis N.V. (0001605484) (Filer)
6-K - Stellantis N.V. (0001605484) (Filer)
S-8 - Stellantis N.V. (0001605484) (Filer)
Davide Grasso Appointed Stellantis Chief Heritage Officer AMSTERDAM, November 13, 2024 - Stellantis has today announced the appointment of Davide Grasso as Stellantis Chief Heritage Officer reporting to Carlos Tavares, Chief Executive Officer. In this newly created position, he will be responsible for the curation of the history and patrimony of the 14 brands of Stellantis. Creating a bridge between their rich histories and their future directions, this global role will build awareness and connections with customers, brands, communities and the various institutions present in the territories where we operate. The role will be responsible for the partnering with our heritage centers, museum
AUBURN HILLS, Mich. , Aug. 6, 2024 /PRNewswire/ -- Industry-exclusive program gives customers $10 per horsepower cash allowance toward the purchase of 2023 model-year Dodge Charger SXT, GT and R/T models, 2023 Challenger SXT, GT and R/T modelsDodge Power Dollars available on all 2024 Dodge Durango trims, including SRT 392 and SRT Hellcat modelsFor the first time ever, the 2024 Dodge Hornet is eligible for Dodge Power DollarsDodge Power Dollars starts Aug. 6, 2024For more information on Dodge brand, visit Dodge.comDodge//SRT is making performance even more attainable, expanding
Partnership across six iconic brands – Chrysler, Dodge, Jeep®, Ram, Fiat, and Alfa Romeo - will enable more customer purchasing options through tailored insurance products Stellantis Financial Services US, the captive automotive finance company of Stellantis in North America, today announced a new partnership with bolt, the insurtech with the world's largest technology-enabled insurance exchange, to support customers of Chrysler, Dodge, Jeep®, Ram, Fiat, and Alfa Romeo. bolt's technology will enable Stellantis customers to purchase auto insurance through Stellantis brand websites and mobile apps with a panel of insurers' products. Through this unique partnership, the automotive insuranc
AUBURN HILLS, Mich., Nov. 21, 2024 /PRNewswire/ -- Fiat 500e Giorgio Armani Collector's Edition embodies FIAT's commitment to an electric-powered future while showcasing Italian style, elegance and craftsmanshipAvailable in two exclusive colors – green and Greige – with matching tone-on-tone eco-leather seats, Fiat 500e Giorgio Armani Collector's Edition features special Armani interior treatment and unique 17-inch wheels with GA logo"Ovation," the new Fiat 500e Giorgio Armani Collector's Edition commercial, debuts with the tagline, "Don't drive it, wear it"At the 2024 Los Ang
Stellantis to Participate in Goldman Sachs 16th Annual Industrials & Autos Week AMSTERDAM, November 21, 2024 – Doug Ostermann, Stellantis Chief Financial Officer, will participate in a fireside chat on Wednesday, December 4, 2024, from 1:20 p.m. GMT to 1:55 p.m. GMT at Goldman Sachs 16th Annual Industrials & Autos Week. To watch the live session, visit the following webcast link: https://kvgo.com/gs-industrials-autos-week-2024/stellantis-december Details for watching the fireside chat are also available under the Investors section of the Stellantis corporate website. For those unable to attend the live session, a recorded replay will be accessible following the event. # # # About Ste
AUBURN HILLS, Mich., Nov. 20, 2024 /PRNewswire/ -- Thirty-second "Wiser" spot features J.J. Watt and puts a spotlight on the JJ Watt Foundation, which provides funding to 6th-8th grade after-school athletic programs and organizations across the U.S."Wiser" launches across broadcast, digital and the Ram brand's social media channels"Wiser" follows up the newest spot within Ram brand's "The Calling" campaignRam is an official sponsor of the College Football PlayoffRam launched the latest evolution of the brand's "The Calling" marketing campaign with a new video featuring footb
Stellantis Reports Lower Q3 2024 Net Revenues Amid Transitional Periodof Product Upgrades and Inventory Reduction; Confirms Full-Year Guidance Net revenues of €33.0 billion, down 27% compared to Q3 2023, primarily due to lower shipments and unfavorable mix as well as pricing and foreign exchange impactsConsolidated shipments(1) of 1,148 thousand units, were down 279 thousand, or 20% year-over-year. Q3 2024 included production gaps in several models as a global product transition begins, planned North American inventory reductions, and headwinds from a challenging European market environmentProduct blitz remains on track to deliver approximately 20 new models in 2024. Temporary gaps in our l
Stellantis to Announce Third Quarter 2024 Shipments and Revenues on October 31 AMSTERDAM, October 10, 2024 - Stellantis N.V. announced today that its Third Quarter 2024 Shipments and Revenues will be released on Thursday, October 31, 2024. A live webcast and conference call for the Third Quarter 2024 Shipments and Revenues will begin at 1:00 p.m. CET / 8:00 a.m. EDT on Thursday, October 31, 2024. The related press release and presentation materials will be posted under the Investors section of the Company's corporate website (www.stellantis.com) at approximately 8:00 a.m. CET / 3:00 a.m. EDT on Thursday, October 31, 2024. Details for accessing the live webcast and conference call are al
Update - Stellantis Will Post First Half 2024 Results at 7:30 a.m. CEST / 1:30 a.m. EDT on July 25 AMSTERDAM, July 10, 2024 - Stellantis N.V. announced today that its First Half 2024 Results and presentation material will be posted under the Investors section of the Company's corporate website (www.stellantis.com) at approximately 7:30 a.m. CEST / 1:30 a.m. EDT on Thursday, July 25, 2024. The live webcast and conference call of the First Half 2024 Results will begin at 2:00 p.m. CEST / 8:00 a.m. EDT on Thursday, July 25, 2024. Details for accessing the live webcast and conference call are already available under the Investors section of the Stellantis corporate website. For those unable t