Honda Motor (NYSE:HMC) – Investment analysts at Jefferies Group decreased their Q4 2018 EPS estimates for Honda Motor in a research note issued to investors on Wednesday, April 11th. Jefferies Group analyst T. Nakanishi now anticipates that the company will earn $0.46 per share for the quarter, down from their prior estimate of $0.48. Jefferies Group currently has a “Buy” rating and a $42.00 price objective on the stock.
Honda Motor (NYSE:HMC) last announced its quarterly earnings results on Friday, February 2nd. The company reported $1.11 EPS for the quarter, beating the consensus estimate of $0.78 by $0.33. Honda Motor had a return on equity of 8.71% and a net margin of 6.88%. The company had revenue of $3,957.12 billion for the quarter, compared to the consensus estimate of $3,725.76 billion. During the same quarter last year, the company posted $93.67 earnings per share. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year.
Several other equities analysts also recently commented on the company. Credit Suisse Group upgraded Honda Motor from a “neutral” rating to an “outperform” rating in a report on Tuesday, February 20th. JPMorgan Chase upgraded shares of Honda Motor from a “neutral” rating to an “overweight” rating in a research note on Thursday, February 15th. Zacks Investment Research downgraded shares of Honda Motor from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. UBS upgraded shares of Honda Motor from a “neutral” rating to a “buy” rating in a research note on Tuesday, March 27th. Finally, ValuEngine upgraded shares of Honda Motor from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Honda Motor presently has an average rating of “Buy” and an average target price of $40.50.
Shares of HMC stock opened at $34.98 on Thursday. Honda Motor has a 12 month low of $27.05 and a 12 month high of $37.29. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.98 and a current ratio of 1.25. The company has a market cap of $63,762.27, a price-to-earnings ratio of 11.47, a P/E/G ratio of 1.77 and a beta of 1.02.
Institutional investors have recently made changes to their positions in the company. ICICI Prudential Asset Management Co Ltd grew its stake in shares of Honda Motor by 106.7% in the third quarter. ICICI Prudential Asset Management Co Ltd now owns 37,963 shares of the company’s stock worth $1,122,000 after acquiring an additional 19,593 shares during the last quarter. Advisor Partners LLC acquired a new stake in shares of Honda Motor in the fourth quarter worth $369,000. Wetherby Asset Management Inc. grew its stake in shares of Honda Motor by 5.8% in the fourth quarter. Wetherby Asset Management Inc. now owns 30,368 shares of the company’s stock worth $1,035,000 after acquiring an additional 1,661 shares during the last quarter. Crestline Management LP acquired a new stake in shares of Honda Motor in the fourth quarter worth $682,000. Finally, Dean Capital Investments Management LLC acquired a new stake in shares of Honda Motor in the fourth quarter worth $258,000. Institutional investors and hedge funds own 2.11% of the company’s stock.
About Honda Motor
Honda Motor Co, Ltd. develops, manufactures, and distributes motorcycles, automobiles, power products, and other products worldwide. The company operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Power Product and Other Businesses. The Motorcycle Business segment produces sports models, including trial and moto-cross racing vehicles; business and commuter models; all-terrain vehicles; and side-by-side models.
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