FY2018 Earnings Estimate for Honda Motor Co Ltd Issued By Jefferies Group (HMC)

Honda Motor Co Ltd (NYSE:HMC) – Jefferies Group dropped their FY2018 EPS estimates for shares of Honda Motor in a report released on Tuesday. Jefferies Group analyst T. Nakanishi now forecasts that the company will earn $3.24 per share for the year, down from their previous forecast of $3.26. Jefferies Group currently has a “Buy” rating and a $36.36 price objective on the stock. Jefferies Group also issued estimates for Honda Motor’s Q4 2018 earnings at $0.54 EPS, FY2019 earnings at $3.72 EPS and FY2020 earnings at $4.19 EPS.

Honda Motor (NYSE:HMC) last issued its quarterly earnings data on Wednesday, November 1st. The company reported $0.86 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.37. Honda Motor had a net margin of 4.38% and a return on equity of 8.12%.

Several other equities analysts have also issued reports on the stock. Zacks Investment Research raised shares of Honda Motor from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a report on Tuesday, December 12th. UBS Group raised shares of Honda Motor from an “underweight” rating to a “neutral” rating in a report on Friday, November 17th. Finally, ValuEngine raised shares of Honda Motor from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $36.68.

Shares of Honda Motor (NYSE HMC) traded down $0.47 during mid-day trading on Friday, reaching $35.86. 303,500 shares of the company traded hands, compared to its average volume of 637,750. The stock has a market capitalization of $65,350.00, a price-to-earnings ratio of 11.10, a price-to-earnings-growth ratio of 3.00 and a beta of 1.09. The company has a current ratio of 1.23, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52. Honda Motor has a 12 month low of $27.05 and a 12 month high of $36.52.

A number of institutional investors and hedge funds have recently made changes to their positions in HMC. SG Americas Securities LLC boosted its stake in Honda Motor by 7.3% in the second quarter. SG Americas Securities LLC now owns 5,552 shares of the company’s stock valued at $152,000 after acquiring an additional 377 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Honda Motor by 2.8% in the second quarter. Bank of New York Mellon Corp now owns 77,718 shares of the company’s stock valued at $2,128,000 after acquiring an additional 2,139 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Honda Motor by 7.9% during the second quarter. JPMorgan Chase & Co. now owns 379,299 shares of the company’s stock worth $10,388,000 after buying an additional 27,900 shares during the period. Nationwide Fund Advisors lifted its stake in shares of Honda Motor by 13.3% during the second quarter. Nationwide Fund Advisors now owns 112,714 shares of the company’s stock worth $3,087,000 after buying an additional 13,226 shares during the period. Finally, Stevens Capital Management LP acquired a new stake in shares of Honda Motor during the second quarter worth $240,000. Institutional investors own 2.37% of the company’s stock.

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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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