Honda Motor FY2028 EPS Estimate Lifted by Zacks Research

Honda Motor Co., Ltd. (NYSE:HMC - Free Report) - Equities research analysts at Zacks Research raised their FY2028 earnings estimates for shares of Honda Motor in a research report issued on Monday, June 23rd. Zacks Research analyst R. Department now forecasts that the company will earn $4.32 per share for the year, up from their prior forecast of $4.17. The consensus estimate for Honda Motor's current full-year earnings is $3.99 per share.

Honda Motor (NYSE:HMC - Get Free Report) last announced its earnings results on Tuesday, May 13th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.72 by ($0.54). Honda Motor had a return on equity of 6.33% and a net margin of 3.82%. The business had revenue of $36.25 billion for the quarter, compared to analyst estimates of $5,371.99 billion.

A number of other analysts also recently weighed in on HMC. Dbs Bank downgraded shares of Honda Motor from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 14th. Sanford C. Bernstein initiated coverage on shares of Honda Motor in a report on Monday, April 14th. They set a "market perform" rating for the company. Macquarie downgraded shares of Honda Motor from an "outperform" rating to a "neutral" rating in a report on Wednesday. Finally, Wall Street Zen downgraded shares of Honda Motor from a "hold" rating to a "sell" rating in a report on Saturday, May 24th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold".

Honda Motor Price Performance

Shares of Honda Motor stock traded up $0.91 on Wednesday, reaching $29.72. 1,204,381 shares of the stock were exchanged, compared to its average volume of 1,070,864. The firm's 50 day moving average is $29.73 and its 200-day moving average is $28.57. Honda Motor has a one year low of $23.41 and a one year high of $33.72. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.07 and a current ratio of 1.36. The firm has a market cap of $46.38 billion, a PE ratio of 8.51 and a beta of 0.51.

Hedge Funds Weigh In On Honda Motor

Several institutional investors and hedge funds have recently added to or reduced their stakes in HMC. Murphy & Mullick Capital Management Corp bought a new position in Honda Motor in the 4th quarter valued at approximately $26,000. Bessemer Group Inc. increased its position in Honda Motor by 460.2% in the 1st quarter. Bessemer Group Inc. now owns 1,098 shares of the company's stock valued at $30,000 after acquiring an additional 902 shares during the period. Rothschild Investment LLC increased its position in Honda Motor by 50.4% in the 1st quarter. Rothschild Investment LLC now owns 1,245 shares of the company's stock valued at $34,000 after acquiring an additional 417 shares during the period. National Bank of Canada FI increased its position in Honda Motor by 277.7% in the 4th quarter. National Bank of Canada FI now owns 1,809 shares of the company's stock valued at $52,000 after acquiring an additional 1,330 shares during the period. Finally, Farther Finance Advisors LLC increased its position in Honda Motor by 70.1% in the 4th quarter. Farther Finance Advisors LLC now owns 1,868 shares of the company's stock valued at $53,000 after acquiring an additional 770 shares during the period. Institutional investors own 5.32% of the company's stock.

About Honda Motor

Honda Motor Co, Ltd. develops, manufactures, and distributes motorcycles, automobiles, power, and other products in Japan, North America, Europe, Asia, and internationally. It operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Power Product and Other Businesses.