HC Wainwright Has Negative Outlook for TOYO FY2027 Earnings

TOYO Co., Ltd. (NASDAQ:TOYO) – Research analysts at HC Wainwright cut their FY2027 EPS estimates for TOYO in a note issued to investors on Monday, June 29th. HC Wainwright analyst A. Dayal now anticipates that the company will earn $3.19 per share for the year, down from their prior forecast of $3.49. The consensus estimate for TOYO’s current full-year earnings is $2.37 per share.

TOYO (NASDAQ:TOYO) last issued its quarterly earnings data on Monday, May 18th. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.72 by $0.03. The company had revenue of $142.77 million during the quarter, compared to analysts’ expectations of $202.90 million.

Other equities research analysts have also issued reports about the company. Weiss Ratings upgraded TOYO from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Roth Mkm started coverage on TOYO in a report on Thursday, April 2nd. They issued a “buy” rating and a $15.00 price objective for the company. Finally, Wall Street Zen raised TOYO from a “hold” rating to a “strong-buy” rating in a research report on Saturday, April 4th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $16.50.

TOYO Stock Down 1.2%

TOYO stock opened at $7.17 on Tuesday. TOYO has a fifty-two week low of $3.39 and a fifty-two week high of $17.43. The company has a market capitalization of $270.81 million, a price-to-earnings ratio of 9.56 and a beta of 1.31. The business’s 50 day moving average price is $12.78 and its two-hundred day moving average price is $9.55. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.31 and a current ratio of 0.68.

Hedge Funds Weigh In On TOYO

A hedge fund recently bought a new stake in TOYO stock. Bank of America Corp DE purchased a new position in TOYO Co., Ltd. (NASDAQ:TOYO) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 18,366 shares of the company’s stock, valued at approximately $135,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

About TOYO

TOYO Co Ltd. engages in the design, manufacture, and sale of solar cells and modules. It is involved in integrating the upstream production of wafer and silicon, midstream production of solar cell, downstream production of photovoltaic (PV) modules, and potentially other stages of the solar power supply chain. The company was founded on November 8, 2022 and is headquartered in Tokyo, Japan.