Honda Motor (NYSE:HMC) Issues Earnings Results

Honda Motor (NYSE:HMC) issued its quarterly earnings data on Thursday. The company reported ($4.24) earnings per share (EPS) for the quarter, topping the consensus estimate of ($5.74) by $1.50, Zacks reports. Honda Motor had a return on equity of 4.01% and a net margin of 2.34%. Honda Motor updated its FY 2027 guidance to 1.278-1.278 EPS.

Honda Motor Trading Up 5.7%

Shares of HMC traded up $1.39 during trading hours on Thursday, hitting $25.76. The stock had a trading volume of 2,196,957 shares, compared to its average volume of 1,532,655. Honda Motor has a 12-month low of $23.25 and a 12-month high of $34.89. The firm has a market cap of $40.20 billion, a P/E ratio of 10.26 and a beta of 0.41. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.09 and a current ratio of 1.36. The company’s fifty day simple moving average is $24.96 and its 200 day simple moving average is $28.46.

Hedge Funds Weigh In On Honda Motor

Several hedge funds and other institutional investors have recently modified their holdings of HMC. Caitong International Asset Management Co. Ltd acquired a new stake in Honda Motor during the 3rd quarter worth approximately $26,000. WealthCollab LLC grew its stake in Honda Motor by 66.2% during the second quarter. WealthCollab LLC now owns 916 shares of the company’s stock worth $26,000 after buying an additional 365 shares during the period. Newbridge Financial Services Group Inc. acquired a new stake in shares of Honda Motor in the second quarter worth $29,000. Geneos Wealth Management Inc. raised its stake in shares of Honda Motor by 121.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,119 shares of the company’s stock valued at $57,000 after acquiring an additional 1,161 shares during the period. Finally, Transamerica Financial Advisors LLC raised its stake in shares of Honda Motor by 46.4% in the 4th quarter. Transamerica Financial Advisors LLC now owns 2,457 shares of the company’s stock valued at $72,000 after acquiring an additional 779 shares during the period. 5.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HMC has been the topic of a number of analyst reports. Morgan Stanley lowered Honda Motor from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, March 11th. Wall Street Zen lowered shares of Honda Motor from a “hold” rating to a “sell” rating in a report on Saturday, March 14th. BNP Paribas Exane started coverage on shares of Honda Motor in a research note on Thursday, February 12th. They set an “underperform” rating and a $25.00 price target on the stock. Weiss Ratings lowered shares of Honda Motor from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, April 16th. Finally, Zacks Research downgraded shares of Honda Motor from a “hold” rating to a “strong sell” rating in a research note on Monday, April 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Honda Motor has an average rating of “Reduce” and an average price target of $25.00.

Honda Motor Company Profile

Honda Motor Co, Ltd. is a global manufacturer and mobility company headquartered in Minato, Tokyo, Japan, founded in 1948 by Soichiro Honda and Takeo Fujisawa. The company’s core businesses include the design, manufacture and sale of automobiles and motorcycles, along with a diverse portfolio of power products, engines and related components. Honda also operates in aviation through Honda Aircraft Company and offers financial services that support vehicle sales and leasing.

In automobiles, Honda is known for a range of passenger cars, crossovers and light trucks, and in motorcycles it is one of the world’s leading producers by volume and model breadth.