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.
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.
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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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