Honda Motor Company, Ltd. (NYSE:HMC) – Equities researchers at Jefferies Group decreased their Q2 2018 earnings per share (EPS) estimates for Honda Motor Company in a research note issued to investors on Tuesday. Jefferies Group analyst T. Nakanishi now anticipates that the company will post earnings of $0.58 per share for the quarter, down from their previous forecast of $0.67. Jefferies Group has a “Buy” rating and a $35.00 price objective on the stock. Jefferies Group also issued estimates for Honda Motor Company’s Q3 2018 earnings at $0.93 EPS, Q4 2018 earnings at $0.69 EPS, FY2019 earnings at $3.49 EPS and FY2020 earnings at $3.81 EPS.
A number of other brokerages also recently commented on HMC. TheStreet downgraded shares of Honda Motor Company from a “b-” rating to a “c+” rating in a research note on Tuesday, March 21st. Zacks Investment Research downgraded shares of Honda Motor Company from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 4th. BidaskClub downgraded shares of Honda Motor Company from a “sell” rating to a “strong sell” rating in a research note on Thursday, June 22nd. Finally, J P Morgan Chase & Co lowered shares of Honda Motor Company from an “overweight” rating to a “neutral” rating in a report on Wednesday, July 5th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $34.50.
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Honda Motor Company (NYSE HMC) traded up 0.66% during mid-day trading on Wednesday, reaching $27.66. 215,197 shares of the company traded hands. The stock has a market capitalization of $49.85 billion, a PE ratio of 9.06 and a beta of 1.01. The stock has a 50-day moving average of $27.87 and a 200 day moving average of $29.61. Honda Motor Company has a 52-week low of $24.91 and a 52-week high of $32.17.
Honda Motor Company (NYSE:HMC) last posted its earnings results on Friday, April 28th. The company reported $0.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.26. Honda Motor Company had a net margin of 4.44% and a return on equity of 8.54%. The firm had revenue of $3,763.40 billion during the quarter, compared to the consensus estimate of $3,670.98 billion. During the same quarter last year, the firm earned ($51.85) EPS. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis.
Large investors have recently added to or reduced their stakes in the stock. Dodge & Cox purchased a new stake in Honda Motor Company during the fourth quarter worth $167,584,000. American Century Companies Inc. raised its stake in Honda Motor Company by 6.3% in the first quarter. American Century Companies Inc. now owns 4,126,146 shares of the company’s stock worth $124,857,000 after buying an additional 245,350 shares during the last quarter. Macquarie Group Ltd. raised its stake in Honda Motor Company by 20.6% in the first quarter. Macquarie Group Ltd. now owns 3,312,903 shares of the company’s stock worth $100,248,000 after buying an additional 566,685 shares during the last quarter. Equity Investment Corp Acquisition Inc raised its stake in Honda Motor Company by 4.0% in the first quarter. Equity Investment Corp Acquisition Inc now owns 2,929,649 shares of the company’s stock worth $88,651,000 after buying an additional 112,781 shares during the last quarter. Finally, Mondrian Investment Partners LTD raised its stake in Honda Motor Company by 33.7% in the first quarter. Mondrian Investment Partners LTD now owns 1,704,988 shares of the company’s stock worth $51,150,000 after buying an additional 430,158 shares during the last quarter. 2.56% of the stock is owned by institutional investors and hedge funds.
About Honda Motor Company
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.
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