Honda Motor (HMC) Announces Quarterly Earnings Results, Beats Estimates By $0.33 EPS

Honda Motor (NYSE:HMC) announced its earnings results on Friday, February 2nd. The company reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.33, Morningstar.com reports. The company had revenue of $3,957.12 billion during the quarter, compared to analysts’ expectations of $3,725.76 billion. Honda Motor had a net margin of 6.88% and a return on equity of 8.71%. The firm’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $93.67 earnings per share. Honda Motor updated its FY18 guidance to JPY557.70 EPS.

Honda Motor (HMC) traded up $0.21 during trading hours on Friday, hitting $34.61. 2,123,380 shares of the stock were exchanged, compared to its average volume of 792,089. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $62,693.52, a price-to-earnings ratio of 6.67, a PEG ratio of 1.19 and a beta of 1.10. Honda Motor has a twelve month low of $27.05 and a twelve month high of $37.29.

A number of brokerages have issued reports on HMC. Zacks Investment Research upgraded shares of Honda Motor from a “sell” rating to a “hold” rating in a research report on Tuesday, January 23rd. ValuEngine upgraded shares of Honda Motor from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Finally, UBS Group raised shares of Honda Motor from an “underweight” rating to a “neutral” rating in a research report on Friday, November 17th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $36.68.

Several large investors have recently bought and sold shares of the company. Raymond James Trust N.A. acquired a new position in Honda Motor during the third quarter worth approximately $204,000. Opus Capital Group LLC acquired a new position in Honda Motor during the fourth quarter worth approximately $205,000. Eagle Asset Management Inc. acquired a new position in Honda Motor during the third quarter worth approximately $208,000. Advisory Services Network LLC increased its position in Honda Motor by 3,178.2% during the fourth quarter. Advisory Services Network LLC now owns 6,163 shares of the company’s stock worth $210,000 after purchasing an additional 5,975 shares during the last quarter. Finally, River Road Asset Management LLC acquired a new position in Honda Motor during the fourth quarter worth approximately $216,000. 2.41% of the stock is owned by institutional investors and hedge funds.

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About Honda Motor

Honda Motor Co, Ltd. (Honda) develops, manufactures and markets motorcycles, automobiles and power products across the world. The Company’s segments include Motorcycle Business, Automobile business, Financial services business, and Power product and other businesses. The Company produces a range of motorcycles, with engine displacement ranging from the 50 cubic centimeters class to the 1,800 cubic centimeters class.

Earnings History for Honda Motor (NYSE:HMC)

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