Jefferies Financial Group Weighs in on Suzuki Motor Co.’s Q2 2022 Earnings (OTCMKTS:SZKMY)

Suzuki Motor Co. (OTCMKTS:SZKMY) – Research analysts at Jefferies Financial Group increased their Q2 2022 earnings estimates for shares of Suzuki Motor in a note issued to investors on Tuesday, April 6th. Jefferies Financial Group analyst T. Nakanishi now expects that the company will earn $3.48 per share for the quarter, up from their prior estimate of $3.36. Jefferies Financial Group also issued estimates for Suzuki Motor’s Q3 2022 earnings at $3.57 EPS and Q4 2022 earnings at $3.61 EPS.

A number of other equities analysts have also recently commented on the company. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upgraded Suzuki Motor from an “underperform” rating to a “neutral” rating in a report on Thursday, March 18th. Smith Barney Citigroup raised shares of Suzuki Motor from an “underperform” rating to a “neutral” rating in a research note on Thursday, March 18th. Daiwa Capital Markets upgraded shares of Suzuki Motor from a “neutral” rating to an “outperform” rating in a research report on Thursday, February 25th. Finally, Zacks Investment Research upgraded shares of Suzuki Motor from a “hold” rating to a “buy” rating and set a $197.00 target price for the company in a report on Tuesday, March 2nd. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $197.00.

Shares of OTCMKTS SZKMY opened at $176.07 on Wednesday. Suzuki Motor has a 1-year low of $97.25 and a 1-year high of $225.38. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.25 and a quick ratio of 1.04. The business’s 50 day moving average is $180.43 and its two-hundred day moving average is $188.13. The stock has a market capitalization of $21.62 billion, a P/E ratio of 20.89 and a beta of 1.41.

Suzuki Motor (OTCMKTS:SZKMY) last posted its earnings results on Friday, February 5th. The company reported $3.78 earnings per share for the quarter, topping analysts’ consensus estimates of $3.75 by $0.03. Suzuki Motor had a net margin of 3.65% and a return on equity of 6.85%. The firm had revenue of $8.67 billion for the quarter, compared to the consensus estimate of $9.11 billion.

Suzuki Motor Company Profile

Suzuki Motor Corporation manufactures and sells automobiles, motorcycles, and marine products in Japan, rest of Asia, Europe, and internationally. It offers mini-vehicles, sub-compact vehicles, standard-sized vehicles, all-terrain vehicles, outboard motors, motorized wheelchairs, electro senior vehicles, and houses.

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Earnings History and Estimates for Suzuki Motor (OTCMKTS:SZKMY)

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