Honda Motor (NYSE:HMC) Releases Earnings Results, Misses Estimates By $0.08 EPS

Honda Motor (NYSE:HMC) posted its quarterly earnings results on Friday. The company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.08), Zacks reports. Honda Motor had a net margin of 2.95% and a return on equity of 5.03%. The company had revenue of $34.57 billion for the quarter, compared to the consensus estimate of $35.95 billion.

Honda Motor Stock Down 2.0%

Honda Motor stock traded down $0.60 during trading hours on Friday, reaching $29.81. The stock had a trading volume of 1,070,388 shares, compared to its average volume of 905,413. The company has a market cap of $46.52 billion, a price-to-earnings ratio of 10.31, a PEG ratio of 1.17 and a beta of 0.48. The business’s 50 day moving average price is $32.14 and its 200-day moving average price is $31.28. Honda Motor has a 52 week low of $23.41 and a 52 week high of $34.89. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.30 and a quick ratio of 1.01.

Institutional Investors Weigh In On Honda Motor

Several institutional investors have recently bought and sold shares of the company. Advisory Services Network LLC increased its position in shares of Honda Motor by 1.3% during the second quarter. Advisory Services Network LLC now owns 25,183 shares of the company’s stock worth $787,000 after purchasing an additional 329 shares in the last quarter. WealthCollab LLC grew its stake in Honda Motor by 66.2% during the 2nd quarter. WealthCollab LLC now owns 916 shares of the company’s stock worth $26,000 after buying an additional 365 shares during the last quarter. Cerity Partners LLC increased its position in Honda Motor by 0.5% during the 2nd quarter. Cerity Partners LLC now owns 90,498 shares of the company’s stock valued at $2,609,000 after buying an additional 414 shares in the last quarter. Integrated Wealth Concepts LLC raised its stake in Honda Motor by 5.8% in the first quarter. Integrated Wealth Concepts LLC now owns 8,552 shares of the company’s stock valued at $232,000 after buying an additional 468 shares during the last quarter. Finally, MML Investors Services LLC raised its stake in Honda Motor by 1.8% in the second quarter. MML Investors Services LLC now owns 28,276 shares of the company’s stock valued at $815,000 after buying an additional 507 shares during the last quarter. 5.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Zacks Research raised Honda Motor from a “strong sell” rating to a “hold” rating in a research report on Monday, October 20th. Wall Street Zen upgraded Honda Motor from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Honda Motor in a report on Tuesday, October 14th. Six research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Honda Motor Company Profile

Honda Motor Co, Ltd. develops, manufactures, and distributes motorcycles, automobiles, power, and other products in Japan, North America, Europe, Asia, and internationally. It operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Power Product and Other Businesses.