Honda Motor Company, Ltd. Forecasted to Earn Q2 2018 Earnings of $0.63 Per Share (HMC)
Honda Motor Company, Ltd. (NYSE:HMC) – Stock analysts at Jefferies Group lifted their Q2 2018 earnings per share estimates for Honda Motor in a research report issued on Tuesday. Jefferies Group analyst T. Nakanishi now anticipates that the company will post earnings per share of $0.63 for the quarter, up from their previous estimate of $0.58. Jefferies Group has a “Buy” rating and a $35.00 price target on the stock. Jefferies Group also issued estimates for Honda Motor’s Q4 2018 earnings at $0.59 EPS and FY2018 earnings at $3.23 EPS.
Honda Motor (NYSE:HMC) last announced its quarterly earnings results on Tuesday, August 1st. The company reported $1.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.21. The business had revenue of $3,713 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the firm earned $96.93 EPS. COPYRIGHT VIOLATION NOTICE: This report was posted by American Banking News and is the sole property of of American Banking News. If you are accessing this report on another website, it was illegally stolen and republished in violation of international copyright laws. The correct version of this report can be read at https://www.americanbankingnews.com/2017/08/17/honda-motor-company-ltd-forecasted-to-earn-q2-2018-earnings-of-0-63-per-share-hmc.html.
Several other equities analysts have also commented on the stock. Zacks Investment Research raised shares of Honda Motor from a “hold” rating to a “strong-buy” rating and set a $32.00 price target for the company in a research report on Thursday. BidaskClub lowered 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. Finally, J P Morgan Chase & Co lowered shares of Honda Motor from an “overweight” rating to a “neutral” rating in a research report on Wednesday, July 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Honda Motor has a consensus rating of “Hold” and an average price target of $33.50.
Shares of Honda Motor (NYSE:HMC) traded down 0.718% during mid-day trading on Thursday, hitting $27.521. 180,565 shares of the stock were exchanged. Honda Motor has a one year low of $27.05 and a one year high of $32.17. The stock has a market cap of $49.60 billion, a PE ratio of 8.439 and a beta of 1.01. The company has a 50-day moving average of $27.72 and a 200 day moving average of $29.04.
Hedge funds have recently added to or reduced their stakes in the company. Raymond James Trust N.A. bought a new position in Honda Motor during the first quarter valued at approximately $207,000. Quantitative Systematic Strategies LLC acquired a new position in Honda Motor during the first quarter valued at $231,000. Nationwide Fund Advisors raised its position in Honda Motor by 2.2% in the first quarter. Nationwide Fund Advisors now owns 99,488 shares of the company’s stock valued at $3,011,000 after buying an additional 2,116 shares during the period. Cardinal Capital Management raised its position in Honda Motor by 14.4% in the first quarter. Cardinal Capital Management now owns 42,241 shares of the company’s stock valued at $1,278,000 after buying an additional 5,315 shares during the period. Finally, Janney Montgomery Scott LLC raised its position in Honda Motor by 21.3% in the first quarter. Janney Montgomery Scott LLC now owns 33,764 shares of the company’s stock valued at $1,022,000 after buying an additional 5,924 shares during the period. 2.63% of the stock is currently owned by institutional investors and hedge funds.
Honda Motor Company Profile
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.
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