Toyota Motor (NYSE:TM) Announces Earnings Results

Toyota Motor (NYSE:TM) issued its quarterly earnings data on Tuesday. The company reported $7.57 earnings per share for the quarter, beating analysts’ consensus estimates of $4.68 by $2.89, Zacks reports. Toyota Motor had a return on equity of 9.74% and a net margin of 7.59%.

Toyota Motor Stock Performance

Shares of TM stock traded up $2.47 on Tuesday, hitting $188.64. 137,875 shares of the stock traded hands, compared to its average volume of 409,740. The company’s fifty day moving average is $178.27 and its 200 day moving average is $202.58. Toyota Motor has a 1-year low of $166.10 and a 1-year high of $248.90. The company has a market capitalization of $245.86 billion, a PE ratio of 9.63, a PEG ratio of 1.26 and a beta of 0.56. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.27 and a quick ratio of 1.12.

Institutional Trading of Toyota Motor

Several institutional investors have recently added to or reduced their stakes in the business. Brighton Jones LLC raised its holdings in shares of Toyota Motor by 21.8% during the fourth quarter. Brighton Jones LLC now owns 2,658 shares of the company’s stock valued at $517,000 after buying an additional 476 shares during the last quarter. Evolve Private Wealth LLC acquired a new position in shares of Toyota Motor during the fourth quarter worth approximately $214,000. Price T Rowe Associates Inc. MD bought a new position in Toyota Motor in the 4th quarter worth approximately $233,000. Howe & Rusling Inc. acquired a new stake in Toyota Motor in the 4th quarter valued at approximately $225,000. Finally, Williams Jones Wealth Management LLC. acquired a new stake in Toyota Motor in the 4th quarter valued at approximately $208,000. Institutional investors own 1.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on TM shares. Weiss Ratings downgraded shares of Toyota Motor from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday. Morgan Stanley began coverage on shares of Toyota Motor in a research note on Friday, May 1st. They set an “equal weight” rating on the stock. Freedom Capital raised shares of Toyota Motor from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. Finally, Zacks Research lowered shares of Toyota Motor from a “hold” rating to a “strong sell” rating in a research note on Monday, July 6th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Toyota Motor currently has an average rating of “Moderate Buy” and an average price target of $290.00.

About Toyota Motor

Toyota Motor Corporation is a global automotive manufacturer headquartered in Toyota City, Aichi, Japan. Founded in 1937 by Kiichiro Toyoda as an offshoot of Toyoda Automatic Loom Works, the company builds and sells a broad range of vehicles and related products under the Toyota and Lexus brands. Toyota’s operations encompass vehicle design, manufacturing, parts supply, and distribution through a worldwide dealer network, as well as complementary businesses such as vehicle financing and mobility services.

The company’s product lineup includes passenger cars, SUVs, pickup trucks, light commercial vehicles and heavy-duty commercial vehicles, along with engines and vehicle components.