Honda Motor Co. Ltd. (HMC) Issues FY14 Earnings Guidance
Honda Motor Co. Ltd. (NYSE:HMC) updated its FY14 earnings guidance on Friday. The company provided EPS guidance of JPY 321.8 for the period, compared to the Thomson Reuters consensus EPS estimate of $331.42, AnalystRatings.NET reports. The company issued revenue guidance of JPY 12.1 trln, compared to the consensus revenue estimate of $12079.38 billion.
HMC has been the subject of a number of recent research reports. Analysts at TheStreet downgraded shares of Honda Motor Co. to a neutral rating in a research note to investors on Tuesday, January 7th. On a related note, analysts at Morgan Stanley downgraded shares of Honda Motor Co. from a buy rating to an equal weight rating in a research note to investors on Monday, January 6th. Finally, analysts at Zacks reiterated a neutral rating on shares of Honda Motor Co. in a research note to investors on Friday, December 13th. They now have a $43.00 price target on the stock. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Honda Motor Co. currently has an average rating of Buy and a consensus price target of $45.16.
Honda Motor Co. Ltd. (NYSE:HMC) traded down 1.12% on Friday, hitting $37.772. 85,973 shares of the company’s stock traded hands. Honda Motor Co. Ltd. has a one year low of $35.15 and a one year high of $42.96. The stock’s 50-day moving average is $40.17 and its 200-day moving average is $39.47. The company has a market cap of $68.076 billion and a P/E ratio of 13.68.
Honda Motor Co. (NYSE:HMC) last announced its earnings results on Friday, January 31st. The company reported $0.87 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.86 by $0.01. The company had revenue of $3,020.80 billion for the quarter, compared to the consensus estimate of $3,042.78 billion. Honda Motor Co.’s revenue was up 24.5% compared to the same quarter last year.
Honda Motor Co, Ltd. (NYSE:HMC) develops, produces and manufactures a variety of motor products, ranging from small general-purpose engines and scooters to specialty sports cars.
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