Jefferies Group Research Analysts Reduce Earnings Estimates for Honda Motor (NYSE:HMC)

Honda Motor (NYSE:HMC) – Jefferies Group reduced their Q4 2018 earnings per share (EPS) estimates for shares of Honda Motor in a research note issued on Wednesday, April 11th, Zacks Investment Research reports. 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 has a “Buy” rating and a $42.00 price target on the stock.

How to Become a New Pot Stock Millionaire

Honda Motor (NYSE:HMC) last released its quarterly earnings results on Friday, February 2nd. The company reported $1.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.33. Honda Motor had a net margin of 6.88% and a return on equity of 8.71%. The business had revenue of $3,957.12 billion for the quarter, compared to the consensus estimate of $3,725.76 billion. During the same period in the prior year, the company posted $93.67 earnings per share. Honda Motor’s revenue was up 13.0% compared to the same quarter last year.

Several other equities analysts also recently commented on HMC. ValuEngine upgraded shares of Honda Motor from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 7th. Zacks Investment Research upgraded shares of Honda Motor from a “sell” rating to a “hold” rating in a research note on Tuesday, January 16th. UBS upgraded shares of Honda Motor from a “neutral” rating to a “buy” rating in a research note on Tuesday, March 27th. JPMorgan Chase raised shares of Honda Motor from a “neutral” rating to an “overweight” rating in a research report on Thursday, February 15th. Finally, Credit Suisse Group raised shares of Honda Motor from a “neutral” rating to an “outperform” rating in a research report on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Honda Motor currently has a consensus rating of “Buy” and an average target price of $40.50.

HMC stock opened at $34.64 on Thursday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.98 and a current ratio of 1.25. Honda Motor has a 52 week low of $27.05 and a 52 week high of $37.29. The stock has a market capitalization of $63,363.75, a P/E ratio of 10.05, a price-to-earnings-growth ratio of 1.90 and a beta of 1.02.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Opus Capital Group LLC bought a new stake in Honda Motor during the fourth quarter worth about $205,000. Advisory Services Network LLC lifted 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 period. River Road Asset Management LLC bought a new stake in Honda Motor during the fourth quarter worth about $216,000. American Trust Investment Advisors LLC bought a new stake in Honda Motor during the fourth quarter worth about $223,000. Finally, Ballentine Partners LLC bought a new stake in Honda Motor during the fourth quarter worth about $242,000. 2.12% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: “Jefferies Group Research Analysts Reduce Earnings Estimates for Honda Motor (NYSE:HMC)” was originally published by The Lincolnian Online and is the property of of The Lincolnian Online. If you are reading this news story on another publication, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this news story can be accessed at https://www.thelincolnianonline.com/2018/04/19/honda-motor-to-post-q4-2018-earnings-of-0-46-per-share-jefferies-group-forecasts-hmc.html.

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.

Get a free copy of the Zacks research report on Honda Motor (HMC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Honda Motor (NYSE:HMC)

Receive News & Ratings for Honda Motor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honda Motor and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply