Honda Motor Company, Ltd. (NYSE:HMC) – Analysts at Jefferies Group upped their Q3 2018 earnings per share estimates for Honda Motor in a report released on Tuesday. Jefferies Group analyst T. Nakanishi now expects that the company will earn $0.97 per share for the quarter, up from their prior forecast of $0.93. Jefferies Group has a “Buy” rating and a $35.00 price target on the stock. Jefferies Group also issued estimates for Honda Motor’s FY2019 earnings at $3.73 EPS and FY2020 earnings at $4.08 EPS.

A number of other research firms have also recently commented on HMC. BidaskClub cut shares of Honda Motor from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. Instinet raised shares of Honda Motor from a “reduce” rating to a “neutral” rating in a research report on Tuesday, August 1st. Nomura raised shares of Honda Motor from a “reduce” rating to a “neutral” rating in a research report on Tuesday, August 1st. J P Morgan Chase & Co cut shares of Honda Motor from an “overweight” rating to a “neutral” rating in a research report on Wednesday, July 5th. Finally, Zacks Investment Research cut shares of Honda Motor from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. Honda Motor presently has an average rating of “Hold” and an average target price of $34.50.

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Honda Motor (NYSE:HMC) traded up 0.307% during midday trading on Wednesday, hitting $27.735. 187,888 shares of the stock traded hands. The stock has a 50-day moving average of $27.70 and a 200 day moving average of $29.05. The firm has a market cap of $49.99 billion, a PE ratio of 8.505 and a beta of 1.01. Honda Motor has a 52-week low of $27.05 and a 52-week high of $32.17.

Honda Motor (NYSE:HMC) last released its earnings results on Tuesday, August 1st. The company reported $1.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.21. The firm had revenue of $3,713 billion during the quarter, compared to analyst estimates of $3,525.55 billion. Honda Motor had a net margin of 4.58% and a return on equity of 8.57%. The business’s revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the business earned $96.93 EPS.

Several hedge funds have recently modified their holdings of the company. American Century Companies Inc. boosted its stake in shares of Honda Motor by 35.3% in the second quarter. American Century Companies Inc. now owns 5,581,290 shares of the company’s stock valued at $152,872,000 after buying an additional 1,455,144 shares in the last quarter. Brandes Investment Partners LP boosted its stake in shares of Honda Motor by 7.5% in the second quarter. Brandes Investment Partners LP now owns 3,915,546 shares of the company’s stock valued at $107,247,000 after buying an additional 271,870 shares in the last quarter. Macquarie Group Ltd. boosted its stake in shares of Honda Motor by 15.0% in the second quarter. Macquarie Group Ltd. now owns 3,809,248 shares of the company’s stock valued at $104,335,000 after buying an additional 496,345 shares in the last quarter. Equity Investment Corp Acquisition Inc boosted its stake in shares of Honda Motor by 4.0% in the first quarter. Equity Investment Corp Acquisition Inc now owns 2,929,649 shares of the company’s stock valued at $88,651,000 after buying an additional 112,781 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Honda Motor by 11.8% in the second quarter. Renaissance Technologies LLC now owns 2,876,703 shares of the company’s stock valued at $78,793,000 after buying an additional 302,703 shares in the last quarter. 2.63% of the stock is currently owned by institutional investors and hedge funds.

About Honda Motor

Honda Motor Co, Ltd. (Honda) develops, manufactures and markets motorcycles, automobiles and power products across the world. The Company’s segments include Motorcycle Business, Automobile business, Financial services business, and Power product and other businesses. The Company produces a range of motorcycles, with engine displacement ranging from the 50 cubic centimeters class to the 1,800 cubic centimeters class.

Earnings History and Estimates for Honda Motor (NYSE:HMC)

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