Honda Motor (NYSE:HMC) Releases Quarterly Earnings Results, Beats Estimates By $0.96 EPS

Honda Motor (NYSE:HMC) issued its earnings results on Wednesday. The company reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.96, Zacks reports. The firm had revenue of $38.49 billion for the quarter, compared to the consensus estimate of $36.24 billion. Honda Motor had a negative return on equity of 3.07% and a negative net margin of 1.75%. Honda Motor updated its FY 2027 guidance to 1.934-1.934 EPS.

Honda Motor Price Performance

Shares of Honda Motor stock traded up $0.17 on Thursday, reaching $30.77. The company’s stock had a trading volume of 1,244,684 shares, compared to its average volume of 1,631,046. The company has a market capitalization of $48.03 billion, a P/E ratio of -16.11 and a beta of 0.42. Honda Motor has a 52-week low of $23.25 and a 52-week high of $34.89. The stock has a 50-day moving average price of $27.76 and a 200-day moving average price of $27.34. The company has a quick ratio of 1.03, a current ratio of 1.28 and a debt-to-equity ratio of 0.70.

Institutional Investors Weigh In On Honda Motor

A number of institutional investors have recently added to or reduced their stakes in HMC. Bank of America Corp DE raised its position in Honda Motor by 34.8% during the third quarter. Bank of America Corp DE now owns 4,200,280 shares of the company’s stock worth $129,369,000 after acquiring an additional 1,083,245 shares during the period. First Trust Advisors LP lifted its holdings in Honda Motor by 6.4% during the fourth quarter. First Trust Advisors LP now owns 1,198,316 shares of the company’s stock valued at $35,326,000 after purchasing an additional 72,476 shares in the last quarter. Raymond James Financial Inc. increased its stake in shares of Honda Motor by 11.3% during the third quarter. Raymond James Financial Inc. now owns 514,818 shares of the company’s stock worth $15,856,000 after purchasing an additional 52,267 shares in the last quarter. Balyasny Asset Management L.P. acquired a new position in shares of Honda Motor during the 2nd quarter worth about $12,987,000. Finally, Royal Bank of Canada raised its position in shares of Honda Motor by 10.5% during the 4th quarter. Royal Bank of Canada now owns 354,231 shares of the company’s stock worth $10,442,000 after purchasing an additional 33,595 shares during the last quarter. Institutional investors and hedge funds own 5.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on HMC. Weiss Ratings downgraded Honda Motor from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, June 3rd. Zacks Research raised shares of Honda Motor from a “strong sell” rating to a “hold” rating in a research note on Friday, June 19th. Finally, Wall Street Zen raised shares of Honda Motor from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $25.00.

About Honda Motor

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.