Toyota Motor (NYSE:TM) Announces Earnings Results

Toyota Motor (NYSE:TM) issued its quarterly earnings results on Tuesday. The company reported $7.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.68 by $2.89, Zacks reports. Toyota Motor had a return on equity of 9.74% and a net margin of 7.59%.

Toyota Motor Price Performance

Shares of Toyota Motor stock traded up $2.34 during mid-day trading on Tuesday, reaching $188.51. 82,258 shares of the stock traded hands, compared to its average volume of 409,454. The business has a 50-day moving average of $178.27 and a 200 day moving average of $202.58. Toyota Motor has a fifty-two week low of $166.10 and a fifty-two week high of $248.90. The stock has a market capitalization of $245.69 billion, a PE ratio of 9.64, a PEG ratio of 1.26 and a beta of 0.56. The company has a quick ratio of 1.12, a current ratio of 1.27 and a debt-to-equity ratio of 0.62.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Morgan Stanley increased its stake in shares of Toyota Motor by 13.0% in the 4th quarter. Morgan Stanley now owns 2,421,645 shares of the company’s stock worth $518,378,000 after acquiring an additional 279,110 shares during the last quarter. Orion Porfolio Solutions LLC boosted its position in shares of Toyota Motor by 717.3% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 145,990 shares of the company’s stock valued at $25,148,000 after acquiring an additional 128,128 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Toyota Motor by 116.3% in the fourth quarter. JPMorgan Chase & Co. now owns 231,614 shares of the company’s stock valued at $49,580,000 after purchasing an additional 124,520 shares during the period. Franklin Resources Inc. grew its holdings in shares of Toyota Motor by 1,509.1% in the third quarter. Franklin Resources Inc. now owns 100,554 shares of the company’s stock valued at $19,215,000 after purchasing an additional 94,305 shares during the period. Finally, Royal Bank of Canada increased its position in Toyota Motor by 81.2% during the fourth quarter. Royal Bank of Canada now owns 199,327 shares of the company’s stock worth $42,667,000 after purchasing an additional 89,316 shares during the last quarter. Hedge funds and other institutional investors own 1.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TM. Zacks Research downgraded Toyota Motor from a “hold” rating to a “strong sell” rating in a research note on Monday, July 6th. Freedom Capital raised shares of Toyota Motor from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. Weiss Ratings cut shares of Toyota Motor from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday. Finally, Morgan Stanley initiated coverage on shares of Toyota Motor in a report on Friday, May 1st. They set an “equal weight” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Toyota Motor presently has an average rating of “Moderate Buy” and an average target price of $290.00.

Toyota Motor Company Profile

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.