Honda Motor (HMC) Forecasted to Earn FY2018 Earnings of $5.23 Per Share

Honda Motor (NYSE:HMC) – Stock analysts at Jefferies Group decreased their FY2018 earnings per share estimates for shares of Honda Motor in a research note issued on Wednesday, April 11th. Jefferies Group analyst T. Nakanishi now forecasts that the company will earn $5.23 per share for the year, down from their prior estimate of $5.25. Jefferies Group has a “Buy” rating and a $42.00 price target on the stock. Jefferies Group also issued estimates for Honda Motor’s FY2019 earnings at $3.81 EPS and FY2020 earnings at $4.40 EPS.

A number of other analysts have also issued reports on the company. UBS upgraded Honda Motor from a “neutral” rating to a “buy” rating in a report on Tuesday, March 27th. Zacks Investment Research upgraded Honda Motor from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a report on Wednesday, March 7th. ValuEngine upgraded Honda Motor from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 7th. Credit Suisse Group upgraded Honda Motor from a “neutral” rating to an “outperform” rating in a report on Tuesday, February 20th. Finally, JPMorgan Chase upgraded Honda Motor from a “neutral” rating to an “overweight” rating in a report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Honda Motor presently has an average rating of “Buy” and a consensus price target of $40.50.



Shares of NYSE HMC opened at $34.94 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $63,762.27, a P/E ratio of 10.11, a PEG ratio of 1.77 and a beta of 1.02. Honda Motor has a 52-week low of $27.05 and a 52-week high of $37.29.

Honda Motor (NYSE:HMC) last announced its quarterly earnings results on Friday, February 2nd. The company reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.33. The firm had revenue of $3,957.12 billion during the quarter, compared to analyst estimates of $3,725.76 billion. Honda Motor had a return on equity of 8.71% and a net margin of 6.88%. Honda Motor’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $93.67 earnings per share.

A number of institutional investors have recently bought and sold shares of the business. Glenmede Trust Co. NA lifted its holdings in Honda Motor by 25.6% during the fourth quarter. Glenmede Trust Co. NA now owns 7,313 shares of the company’s stock worth $248,000 after buying an additional 1,491 shares during the period. Wetherby Asset Management Inc. lifted its holdings in Honda Motor by 5.8% during the fourth quarter. Wetherby Asset Management Inc. now owns 30,368 shares of the company’s stock worth $1,035,000 after buying an additional 1,661 shares during the period. Signaturefd LLC lifted its holdings in Honda Motor by 25.0% during the fourth quarter. Signaturefd LLC now owns 8,506 shares of the company’s stock worth $290,000 after buying an additional 1,700 shares during the period. Neuberger Berman Group LLC lifted its holdings in Honda Motor by 6.1% during the third quarter. Neuberger Berman Group LLC now owns 31,600 shares of the company’s stock worth $934,000 after buying an additional 1,823 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Honda Motor by 0.3% during the third quarter. Dimensional Fund Advisors LP now owns 704,373 shares of the company’s stock worth $20,821,000 after buying an additional 2,000 shares during the period. Institutional investors own 2.11% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This piece was published by Dakota Financial News and is the sole property of of Dakota Financial News. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of United States & international copyright law. The legal version of this piece can be accessed at https://dakotafinancialnews.com/2018/04/13/honda-motor-hmc-forecasted-to-earn-fy2018-earnings-of-5-23-per-share.html.

Honda Motor Company Profile

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.

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