Honda Motor Co Ltd (NYSE:HMC) – Stock analysts at Jefferies Financial Group lowered their Q2 2019 earnings per share estimates for Honda Motor in a research note issued to investors on Wednesday, September 26th. Jefferies Financial Group analyst T. Nakanishi now expects that the company will post earnings per share of $0.79 for the quarter, down from their previous forecast of $0.84. Jefferies Financial Group also issued estimates for Honda Motor’s Q4 2019 earnings at $0.62 EPS, FY2019 earnings at $3.60 EPS and FY2020 earnings at $3.88 EPS.

Other equities research analysts also recently issued reports about the stock. Nomura downgraded shares of Honda Motor from a “buy” rating to a “neutral” rating in a research note on Monday, July 16th. ValuEngine raised shares of Honda Motor from a “sell” rating to a “hold” rating in a research note on Tuesday, July 31st. Finally, Goldman Sachs Group downgraded shares of Honda Motor from a “buy” rating to a “neutral” rating in a research note on Friday, June 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $40.50.

Shares of HMC opened at $30.30 on Thursday. The company has a market capitalization of $55.67 billion, a P/E ratio of 8.37, a P/E/G ratio of 2.91 and a beta of 1.05. The company has a current ratio of 1.23, a quick ratio of 0.96 and a debt-to-equity ratio of 0.48. Honda Motor has a 1-year low of $28.00 and a 1-year high of $37.29.

Honda Motor (NYSE:HMC) last announced its earnings results on Tuesday, July 31st. The company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.19. The business had revenue of $4,024.10 billion for the quarter, compared to the consensus estimate of $3,794.23 billion. Honda Motor had a net margin of 7.09% and a return on equity of 8.90%. Honda Motor’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period last year, the firm posted $115.04 earnings per share.

Several hedge funds have recently bought and sold shares of HMC. NumerixS Investment Technologies Inc purchased a new position in shares of Honda Motor during the second quarter worth approximately $114,000. Claraphi Advisory Network LLC purchased a new position in shares of Honda Motor during the first quarter worth approximately $244,000. Cozad Asset Management Inc. purchased a new position in shares of Honda Motor during the second quarter worth approximately $280,000. BlackRock Inc. purchased a new position in shares of Honda Motor during the second quarter worth approximately $283,000. Finally, Lourd Capital LLC purchased a new position in shares of Honda Motor during the second quarter worth approximately $351,000. 2.07% of the stock is currently owned by hedge funds and other institutional investors.

Honda Motor Company Profile

Honda Motor Co, Ltd. develops, manufactures, and distributes motorcycles, automobiles, power products, and other products worldwide. The company operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Power Product and Other Businesses. The Motorcycle Business segment produces sports models, including trial and moto-cross racing vehicles; business and commuter models; all-terrain vehicles; and side-by-side models.

Featured Article: Hedge Funds

Earnings History and Estimates for Honda Motor (NYSE:HMC)

Receive News & Ratings for Honda Motor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honda Motor and related companies with MarketBeat.com's FREE daily email newsletter.