Mazda Motor (OTCMKTS:MZDAY) Updates FY 2023 Earnings Guidance

Mazda Motor (OTCMKTS:MZDAY – Get Rating) issued an update on its FY 2023 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of $1.03-$1.03 for the period. The company issued revenue guidance of $30.89 billion-$30.89 billion.

MZDAY opened at $3.77 on Friday. The firm has a market capitalization of $4.76 billion, a price-to-earnings ratio of 5.98 and a beta of 0.98. Mazda Motor has a fifty-two week low of $3.03 and a fifty-two week high of $4.98. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.73 and a quick ratio of 1.24. The company’s 50 day moving average price is $3.51 and its two-hundred day moving average price is $3.88.

Several research firms have commented on MZDAY. Zacks Investment Research downgraded shares of Mazda Motor from a buy rating to a hold rating in a research note on Tuesday, January 25th. Bank of America upgraded Mazda Motor from a neutral rating to a buy rating in a research report on Wednesday, March 2nd. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of $4.25.

About Mazda Motor (Get Rating)

Mazda Motor Corporation engages in the manufacture and sale of passenger cars and commercial vehicles in Japan, North America, Europe, and internationally. Its principal products include four-wheeled vehicles, gasoline reciprocating engines, diesel engines, and automatic and manual transmissions for vehicles.

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