Erste Group Bank Predicts Weaker Earnings for Toyota Motor

Toyota Motor Corporation (NYSE:TM) – Investment analysts at Erste Group Bank cut their FY2027 earnings estimates for shares of Toyota Motor in a research report issued on Thursday, October 8th. Erste Group Bank analyst S. Lingnau now anticipates that the company will post earnings of $19.97 per share for the year, down from their prior forecast of $20.14. Erste Group Bank has a “Strong-Buy” rating on the stock. The consensus estimate for Toyota Motor’s current full-year earnings is $20.36 per share.

Toyota Motor (NYSE:TM) last announced its earnings results on Tuesday, June 30th. The company reported $7.42 earnings per share for the quarter. The company had revenue of $83.16 billion during the quarter. Toyota Motor had a return on equity of 11.21% and a net margin of 8.61%.

TM has been the subject of a number of other research reports. Weiss Ratings raised Toyota Motor from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Zacks Research upgraded Toyota Motor from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Three research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $290.00.

Toyota Motor Stock Up 2.1%

Shares of NYSE TM opened at $188.67 on Wednesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.00 and a current ratio of 1.17. Toyota Motor has a 1 year low of $166.10 and a 1 year high of $248.90. The stock’s 50-day simple moving average is $190.72 and its 200-day simple moving average is $188.76. The firm has a market cap of $245.90 billion, a price-to-earnings ratio of 8.32, a PEG ratio of 1.21 and a beta of 0.61.

Insider Transactions at Toyota Motor

In related news, President Kenta Kon purchased 85,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The shares were purchased at an average cost of $18.41 per share, with a total value of $1,564,850.00. Following the completion of the acquisition, the president directly owned 148,100 shares of the company’s stock, valued at approximately $2,726,521. The trade was a 134.71% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Rehmann Capital Advisory Group boosted its stake in shares of Toyota Motor by 3.2% during the 4th quarter. Rehmann Capital Advisory Group now owns 1,468 shares of the company’s stock worth $314,000 after acquiring an additional 45 shares during the period. Physicians Financial Services Inc. raised its stake in Toyota Motor by 1.1% in the 1st quarter. Physicians Financial Services Inc. now owns 4,747 shares of the company’s stock valued at $978,000 after acquiring an additional 50 shares during the period. Wedbush Securities Inc. raised its stake in Toyota Motor by 3.0% in the 2nd quarter. Wedbush Securities Inc. now owns 1,878 shares of the company’s stock valued at $316,000 after acquiring an additional 54 shares during the period. 55 North Private Wealth LLC raised its stake in Toyota Motor by 4.5% in the 2nd quarter. 55 North Private Wealth LLC now owns 1,356 shares of the company’s stock valued at $228,000 after acquiring an additional 58 shares during the period. Finally, Community Bank & Trust Waco Texas lifted its holdings in Toyota Motor by 0.9% during the 2nd quarter. Community Bank & Trust Waco Texas now owns 6,841 shares of the company’s stock valued at $1,152,000 after purchasing an additional 58 shares during the last quarter. 1.48% of the stock is owned by institutional investors and hedge funds.

About Toyota Motor

Toyota Motor Corporation is a Japan-based automotive company that develops, manufactures and sells passenger vehicles, commercial vehicles and related mobility products. Its principal brands include Toyota and Lexus, while the broader Toyota group also has ties to Daihatsu and Hino. The company offers a range of vehicles powered by internal-combustion engines, hybrids, plug-in hybrids, battery-electric systems and fuel cells.

Founded in 1937 by Kiichiro Toyoda, Toyota has grown into one of the world’s largest vehicle manufacturers.