Erste Group Bank Predicts Reduced Earnings for Toyota Motor

Key Points

• Erste Group Bank lowered Toyota’s FY2028 EPS forecast to $21.91 from $22.08, though it maintained a “Strong Buy” rating. The revised estimate remains above the broader consensus of $20.36.
• Toyota reported quarterly EPS of $7.42 on $83.16 billion in revenue, with an 8.61% net margin and 11.21% return on equity.
• Toyota shares opened at $184.59, down 0.4%, while the stock carries an average analyst rating of “Buy” and an average price target of $290.00.

Toyota Motor Corporation (NYSE:TM - Free Report) - Erste Group Bank cut their FY2028 earnings per share (EPS) estimates for Toyota Motor in a research note issued to investors on Thursday, October 8th. Erste Group Bank analyst S. Lingnau now forecasts that the company will post earnings of $21.91 per share for the year, down from their previous estimate of $22.08. Erste Group Bank has a "Strong-Buy" rating on the stock. The consensus estimate for Toyota Motor's current full-year earnings is $20.36 per share.

Toyota Motor (NYSE:TM - Get Free Report) last announced its quarterly earnings data on Tuesday, June 30th. The company reported $7.42 EPS for the quarter. The company had revenue of $83.16 billion during the quarter. Toyota Motor had a net margin of 8.61% and a return on equity of 11.21%.

TM has been the subject of a number of other reports. Zacks Research upgraded shares of Toyota Motor from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 4th. Weiss Ratings raised shares of Toyota Motor from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday. Three equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $290.00.

Toyota Motor Stock Down 0.4%

Toyota Motor stock opened at $184.59 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 1.17 and a debt-to-equity ratio of 0.68. Toyota Motor has a 12-month low of $166.10 and a 12-month high of $248.90. The firm's fifty day moving average is $190.73 and its 200 day moving average is $188.91. The company has a market capitalization of $240.58 billion, a PE ratio of 8.14, a PEG ratio of 1.22 and a beta of 0.61.

Insider Buying and Selling

In other news, President Kenta Kon acquired 85,000 shares of Toyota Motor stock in a transaction on Wednesday, August 5th. The stock was purchased at an average price of $18.41 per share, with a total value of $1,564,850.00. Following the completion of the purchase, the president owned 148,100 shares of the company's stock, valued at approximately $2,726,521. The trade was a 134.71% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Hedge Funds Weigh In On Toyota Motor

A number of institutional investors have recently modified their holdings of the company. Sound Income Strategies LLC acquired a new stake in Toyota Motor in the 3rd quarter valued at $201,000. Legacy Wealth Asset Management LLC raised its holdings in Toyota Motor by 28.6% during the third quarter. Legacy Wealth Asset Management LLC now owns 9,197 shares of the company's stock worth $1,684,000 after buying an additional 2,047 shares during the last quarter. GAMMA Investing LLC raised its holdings in Toyota Motor by 39.1% during the third quarter. GAMMA Investing LLC now owns 3,938 shares of the company's stock worth $721,000 after buying an additional 1,107 shares during the last quarter. Dorato Capital Management raised its holdings in Toyota Motor by 8.2% during the third quarter. Dorato Capital Management now owns 2,039 shares of the company's stock worth $373,000 after buying an additional 155 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in shares of Toyota Motor by 35.6% in the third quarter. Farther Finance Advisors LLC now owns 12,043 shares of the company's stock valued at $2,205,000 after buying an additional 3,163 shares in the last quarter. 1.48% of the stock is owned by institutional investors and hedge funds.

Toyota Motor Company Profile

Toyota Motor Corporation is a Japan-based automotive company that develops, manufactures and sells passenger vehicles, commercial vehicles and related mobility products. Its principal brands include Toyota and Lexus, while the broader Toyota group also has ties to Daihatsu and Hino. The company offers a range of vehicles powered by internal-combustion engines, hybrids, plug-in hybrids, battery-electric systems and fuel cells.

Founded in 1937 by Kiichiro Toyoda, Toyota has grown into one of the world's largest vehicle manufacturers.

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