Q2 2022 EPS Estimates for Toyota Motor Co. (NYSE:TM) Reduced by Jefferies Financial Group

Toyota Motor Co. (NYSE:TM) – Equities researchers at Jefferies Financial Group reduced their Q2 2022 EPS estimates for shares of Toyota Motor in a research note issued on Thursday, September 9th. Jefferies Financial Group analyst T. Nakanishi now forecasts that the company will post earnings of $3.16 per share for the quarter, down from their previous forecast of $4.32. Jefferies Financial Group also issued estimates for Toyota Motor’s FY2022 earnings at $18.68 EPS.

Separately, Zacks Investment Research upgraded shares of Toyota Motor from a “hold” rating to a “strong-buy” rating and set a $206.00 price target on the stock in a research note on Tuesday, July 27th.

Shares of Toyota Motor stock opened at $179.39 on Monday. The company’s fifty day simple moving average is $177.84 and its 200-day simple moving average is $167.27. The company has a market cap of $250.78 billion, a price-to-earnings ratio of 9.03, a PEG ratio of 0.39 and a beta of 0.55. The company has a current ratio of 1.09, a quick ratio of 0.93 and a debt-to-equity ratio of 0.56. Toyota Motor has a 1 year low of $129.28 and a 1 year high of $185.99.

Toyota Motor (NYSE:TM) last issued its quarterly earnings data on Wednesday, August 4th. The company reported $5.87 earnings per share for the quarter, beating the consensus estimate of $4.68 by $1.19. Toyota Motor had a net margin of 9.76% and a return on equity of 12.76%. The firm had revenue of $72.50 billion for the quarter, compared to analyst estimates of $68.91 billion.

A number of large investors have recently made changes to their positions in the business. Stephens Inc. AR raised its holdings in Toyota Motor by 2.0% during the 2nd quarter. Stephens Inc. AR now owns 2,841 shares of the company’s stock worth $497,000 after purchasing an additional 57 shares during the last quarter. IFP Advisors Inc grew its position in shares of Toyota Motor by 23.0% in the 2nd quarter. IFP Advisors Inc now owns 316 shares of the company’s stock valued at $56,000 after purchasing an additional 59 shares during the period. Keybank National Association OH grew its position in shares of Toyota Motor by 3.1% in the 2nd quarter. Keybank National Association OH now owns 2,070 shares of the company’s stock valued at $362,000 after purchasing an additional 63 shares during the period. Pinnacle Wealth Planning Services Inc. grew its position in shares of Toyota Motor by 4.3% in the 2nd quarter. Pinnacle Wealth Planning Services Inc. now owns 1,575 shares of the company’s stock valued at $275,000 after purchasing an additional 65 shares during the period. Finally, Checchi Capital Advisers LLC lifted its stake in Toyota Motor by 0.7% in the 1st quarter. Checchi Capital Advisers LLC now owns 10,130 shares of the company’s stock valued at $1,581,000 after acquiring an additional 67 shares in the last quarter. 1.24% of the stock is owned by hedge funds and other institutional investors.

Toyota Motor Company Profile

Toyota Motor Corp. engages in the manufacture and sale of motor vehicles and parts. It operates through the following segments: Automotive, Financial Services, and All Other. The Automotive segment designs, manufactures, assembles and sells passenger cars, minivans, trucks, and related vehicle parts and accessories.

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Earnings History and Estimates for Toyota Motor (NYSE:TM)

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