Zacks Research Forecasts Stronger Earnings for Honda Motor

Honda Motor Co., Ltd. (NYSE:HMC - Free Report) - Research analysts at Zacks Research upped their FY2028 earnings per share (EPS) estimates for Honda Motor in a research note issued to investors on Monday, June 23rd. Zacks Research analyst R. Department now expects 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.

A number of other research analysts have also weighed in on HMC. Sanford C. Bernstein began coverage on shares of Honda Motor in a report on Monday, April 14th. They issued a "market perform" rating for the company. Dbs Bank lowered shares of Honda Motor from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 14th. Macquarie downgraded shares of Honda Motor from an "outperform" rating to a "neutral" rating in a report on Wednesday. Finally, Wall Street Zen cut shares of Honda Motor from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat, the stock has an average rating of "Hold".

Honda Motor Price Performance

NYSE:HMC traded up $0.24 during trading hours on Wednesday, reaching $28.83. The stock had a trading volume of 844,604 shares, compared to its average volume of 1,068,425. The stock has a market capitalization of $45.00 billion, a PE ratio of 8.26 and a beta of 0.51. Honda Motor has a 52 week low of $23.41 and a 52 week high of $33.72. The company has a 50 day moving average price of $29.72 and a two-hundred day moving average price of $28.53. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.07 and a current ratio of 1.36.

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

Institutional Trading of Honda Motor

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Murphy & Mullick Capital Management Corp bought a new position in Honda Motor during the fourth quarter valued at $26,000. Bessemer Group Inc. boosted its stake in shares of Honda Motor by 460.2% during the 1st quarter. Bessemer Group Inc. now owns 1,098 shares of the company's stock worth $30,000 after purchasing an additional 902 shares during the period. Rothschild Investment LLC grew its holdings in Honda Motor by 50.4% during the 1st quarter. Rothschild Investment LLC now owns 1,245 shares of the company's stock valued at $34,000 after purchasing an additional 417 shares during the last quarter. National Bank of Canada FI raised 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 worth $52,000 after purchasing an additional 1,330 shares during the period. Finally, Farther Finance Advisors LLC raised 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 worth $53,000 after purchasing an additional 770 shares during the period. Hedge funds and other 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.