Erste Group Bank Predicts Reduced Earnings for Toyota Motor

Toyota Motor Corporation (NYSE:TMFree Report) – Erste Group Bank decreased their FY2027 EPS estimates for Toyota Motor in a report issued on Thursday, June 25th. Erste Group Bank analyst S. Lingnau now anticipates that the company will post earnings per share of $18.57 for the year, down from their prior forecast of $18.95. Erste Group Bank has a “Hold” rating on the stock. The consensus estimate for Toyota Motor’s current full-year earnings is $21.06 per share. Erste Group Bank also issued estimates for Toyota Motor’s FY2028 earnings at $21.58 EPS.

Toyota Motor (NYSE:TMGet Free Report) last announced its quarterly earnings results on Tuesday, March 31st. The company reported $3.80 earnings per share for the quarter. The company had revenue of $76.81 billion for the quarter. Toyota Motor had a net margin of 7.59% and a return on equity of 9.74%.

Several other research analysts have also commented on TM. Morgan Stanley started coverage on shares of Toyota Motor in a report on Friday, May 1st. They issued an “equal weight” rating on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Toyota Motor in a research note on Monday, April 20th. Freedom Capital raised shares of Toyota Motor from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. Finally, Zacks Research cut shares of Toyota Motor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 12th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Toyota Motor currently has an average rating of “Moderate Buy” and an average target price of $290.00.

View Our Latest Stock Analysis on TM

Toyota Motor Stock Performance

NYSE TM opened at $168.36 on Wednesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.27 and a quick ratio of 1.12. Toyota Motor has a 1-year low of $166.10 and a 1-year high of $248.90. The firm has a market capitalization of $219.43 billion, a P/E ratio of 8.60 and a beta of 0.56. The business’s 50-day simple moving average is $184.07 and its 200-day simple moving average is $208.73.

Hedge Funds Weigh In On Toyota Motor

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Parallel Advisors LLC raised its stake in shares of Toyota Motor by 18.5% during the first quarter. Parallel Advisors LLC now owns 4,895 shares of the company’s stock valued at $1,009,000 after purchasing an additional 764 shares during the period. Glenmede Trust Co. NA lifted its position in shares of Toyota Motor by 9.3% during the first quarter. Glenmede Trust Co. NA now owns 6,358 shares of the company’s stock worth $1,310,000 after purchasing an additional 542 shares in the last quarter. Arkadios Wealth Advisors boosted its stake in shares of Toyota Motor by 9.4% in the first quarter. Arkadios Wealth Advisors now owns 3,012 shares of the company’s stock valued at $621,000 after purchasing an additional 258 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Toyota Motor by 34.5% in the first quarter. EverSource Wealth Advisors LLC now owns 4,444 shares of the company’s stock valued at $916,000 after purchasing an additional 1,139 shares during the period. Finally, Royal Bank of Canada grew its holdings in Toyota Motor by 19.0% during the 1st quarter. Royal Bank of Canada now owns 237,220 shares of the company’s stock valued at $48,888,000 after purchasing an additional 37,893 shares in the last quarter. Hedge funds and other institutional investors own 1.48% of the company’s stock.

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About Toyota Motor

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Toyota Motor Corporation is a global automotive manufacturer headquartered in Toyota City, Aichi, Japan. Founded in 1937 by Kiichiro Toyoda as an offshoot of Toyoda Automatic Loom Works, the company builds and sells a broad range of vehicles and related products under the Toyota and Lexus brands. Toyota’s operations encompass vehicle design, manufacturing, parts supply, and distribution through a worldwide dealer network, as well as complementary businesses such as vehicle financing and mobility services.

The company’s product lineup includes passenger cars, SUVs, pickup trucks, light commercial vehicles and heavy-duty commercial vehicles, along with engines and vehicle components.

Further Reading

Earnings History and Estimates for Toyota Motor (NYSE:TM)

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