Erste Group Bank Reduces Earnings Estimates for Toyota Motor

Key Points

• Erste Group Bank lowered Toyota Motor’s FY2028 EPS estimate to $22.08 from $22.44, though it maintained a “Strong-Buy” rating. The revised estimate remains above the current consensus of $20.36.
• Toyota reported quarterly EPS of $7.42 on $83.16 billion in revenue, with an 11.21% return on equity and an 8.61% net margin.
• The stock opened at $192.22, while analyst sentiment remained positive overall: Toyota has a consensus “Buy” rating and an average price target of $290.00. Several institutional investors also increased their holdings, and company president Kenta Kon purchased 85,000 shares.

Toyota Motor Corporation (NYSE:TM - Free Report) - Equities research analysts at Erste Group Bank reduced their FY2028 earnings per share estimates for Toyota Motor in a report issued on Friday, September 18th. Erste Group Bank analyst S. Lingnau now anticipates that the company will post earnings of $22.08 per share for the year, down from their prior estimate of $22.44. 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 released its quarterly earnings results on Tuesday, June 30th. The company reported $7.42 EPS for the quarter. Toyota Motor had a return on equity of 11.21% and a net margin of 8.61%.The business had revenue of $83.16 billion during the quarter.

Several other research firms have also recently issued reports on TM. Zacks Research upgraded Toyota Motor from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 4th. Weiss Ratings cut Toyota Motor from a "hold (c)" rating to a "hold (c-)" rating in a research report on Friday, July 31st. Three equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $290.00.

Toyota Motor Trading Down 0.1%

NYSE TM opened at $192.22 on Wednesday. The company has a quick ratio of 1.00, a current ratio of 1.17 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $250.53 billion, a P/E ratio of 8.48, a P/E/G ratio of 1.27 and a beta of 0.57. Toyota Motor has a 52-week low of $166.10 and a 52-week high of $248.90. The firm has a 50-day moving average price of $189.88 and a 200 day moving average price of $191.73.

Hedge Funds Weigh In On Toyota Motor

A number of large investors have recently bought and sold shares of TM. Clark Capital Management Group Inc. boosted its holdings in Toyota Motor by 28.4% in the 4th quarter. Clark Capital Management Group Inc. now owns 424,296 shares of the company's stock worth $90,825,000 after acquiring an additional 93,863 shares during the period. Natixis Advisors LLC raised its stake in shares of Toyota Motor by 14.3% during the fourth quarter. Natixis Advisors LLC now owns 532,334 shares of the company's stock valued at $113,951,000 after purchasing an additional 66,695 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in shares of Toyota Motor during the first quarter worth $9,598,000. Cullen Capital Management LLC lifted its position in shares of Toyota Motor by 19.9% during the fourth quarter. Cullen Capital Management LLC now owns 236,355 shares of the company's stock worth $50,594,000 after purchasing an additional 39,241 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of Toyota Motor by 19.0% in the first quarter. Royal Bank of Canada now owns 237,220 shares of the company's stock valued at $48,888,000 after purchasing an additional 37,893 shares during the period. Hedge funds and other institutional investors own 1.48% of the company's stock.

Insider Activity at Toyota Motor

In other news, President Kenta Kon acquired 85,000 shares of Toyota Motor stock in a transaction that occurred on Wednesday, August 5th. The shares were acquired 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. This represents a 134.71% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

About Toyota Motor

Toyota Motor Corporation is a Japan-based automotive company headquartered in Toyota City, Aichi Prefecture. Founded in 1937, the company develops, manufactures and sells passenger cars, trucks, commercial vehicles and related automotive components. Its principal brands include Toyota and Lexus, along with the performance-oriented GR sub-brand.

Toyota offers vehicles powered by internal combustion engines, hybrid-electric systems, plug-in hybrids, battery-electric powertrains and hydrogen fuel-cell technology.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.