Honda Motor Co Ltd (HMC) to Post Q2 2019 Earnings of $0.79 Per Share, Jefferies Financial Group Forecasts

Honda Motor Co Ltd (NYSE:HMC) – Research analysts at Jefferies Financial Group cut their Q2 2019 earnings per share estimates for Honda Motor in a research note issued on Wednesday, September 26th. Jefferies Financial Group analyst T. Nakanishi now anticipates that the company will earn $0.79 per share for the quarter, down from their prior estimate of $0.84. Jefferies Financial Group also issued estimates for Honda Motor’s Q4 2019 earnings at $0.62 EPS, FY2019 earnings at $3.60 EPS and FY2020 earnings at $3.88 EPS.

Several other research firms also recently weighed in on HMC. Goldman Sachs Group downgraded Honda Motor from a “buy” rating to a “neutral” rating in a research note on Friday, June 1st. ValuEngine raised Honda Motor from a “sell” rating to a “hold” rating in a research note on Tuesday, July 31st. Finally, Nomura downgraded Honda Motor from a “buy” rating to a “neutral” rating in a research note on Monday, July 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $40.50.

NYSE HMC opened at $30.30 on Thursday. Honda Motor has a 1-year low of $28.00 and a 1-year high of $37.29. The company has a market capitalization of $55.67 billion, a P/E ratio of 8.37, a PEG ratio of 2.91 and a beta of 1.05. The company has a quick ratio of 0.96, a current ratio of 1.23 and a debt-to-equity ratio of 0.48.

Honda Motor (NYSE:HMC) last released its quarterly earnings data on Tuesday, July 31st. The company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.19. Honda Motor had a return on equity of 8.90% and a net margin of 7.09%. The firm had revenue of $4,024.10 billion during the quarter, compared to the consensus estimate of $3,794.23 billion. During the same period last year, the business posted $115.04 EPS. Honda Motor’s quarterly revenue was up 8.4% on a year-over-year basis.

A number of large investors have recently made changes to their positions in HMC. NumerixS Investment Technologies Inc acquired a new stake in Honda Motor during the 2nd quarter valued at $114,000. Claraphi Advisory Network LLC acquired a new stake in Honda Motor during the 1st quarter valued at $244,000. Cozad Asset Management Inc. acquired a new stake in Honda Motor during the 2nd quarter valued at $280,000. BlackRock Inc. acquired a new stake in Honda Motor during the 2nd quarter valued at $283,000. Finally, Lourd Capital LLC acquired a new stake in Honda Motor during the 2nd quarter valued at $351,000. Hedge funds and other institutional investors own 2.07% of the company’s stock.

About Honda Motor

Honda Motor Co, Ltd. develops, manufactures, and distributes motorcycles, automobiles, power products, and other products worldwide. The company operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Power Product and Other Businesses. The Motorcycle Business segment produces sports models, including trial and moto-cross racing vehicles; business and commuter models; all-terrain vehicles; and side-by-side models.

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

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