Q3 2023 EPS Estimates for Honda Motor Co., Ltd. Cut by Jefferies Financial Group (NYSE:HMC)

Honda Motor Co., Ltd. (NYSE:HMCGet Rating) – Equities research analysts at Jefferies Financial Group decreased their Q3 2023 EPS estimates for Honda Motor in a research report issued on Tuesday, January 17th. Jefferies Financial Group analyst T. Nakanishi now expects that the company will earn $0.95 per share for the quarter, down from their prior estimate of $0.97. The consensus estimate for Honda Motor’s current full-year earnings is $3.31 per share.

Honda Motor (NYSE:HMCGet Rating) last announced its earnings results on Wednesday, November 9th. The company reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.11). Honda Motor had a return on equity of 5.85% and a net margin of 4.15%. The company had revenue of $30.82 billion for the quarter, compared to analyst estimates of $29.65 billion.

A number of other equities analysts have also issued reports on the stock. TheStreet lowered shares of Honda Motor from a “b-” rating to a “c+” rating in a research report on Friday, October 7th. StockNews.com raised shares of Honda Motor from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 19th.

Honda Motor Price Performance

Shares of HMC stock opened at $23.66 on Thursday. Honda Motor has a 1 year low of $21.43 and a 1 year high of $32.15. The firm’s 50 day moving average is $23.70 and its 200-day moving average is $24.18. The firm has a market capitalization of $40.47 billion, a price-to-earnings ratio of 7.66, a PEG ratio of 0.72 and a beta of 0.74. The company has a current ratio of 1.44, a quick ratio of 1.10 and a debt-to-equity ratio of 0.40.

Institutional Investors Weigh In On Honda Motor

Institutional investors and hedge funds have recently modified their holdings of the business. Assetmark Inc. raised its stake in shares of Honda Motor by 4.7% during the third quarter. Assetmark Inc. now owns 101,086 shares of the company’s stock worth $2,182,000 after buying an additional 4,520 shares during the last quarter. Crossmark Global Holdings Inc. increased its stake in Honda Motor by 3.0% in the third quarter. Crossmark Global Holdings Inc. now owns 128,276 shares of the company’s stock valued at $2,770,000 after purchasing an additional 3,759 shares in the last quarter. Dodge & Cox increased its stake in Honda Motor by 0.3% in the second quarter. Dodge & Cox now owns 47,504,753 shares of the company’s stock valued at $1,147,240,000 after purchasing an additional 126,800 shares in the last quarter. Raymond James & Associates increased its stake in Honda Motor by 2.8% in the third quarter. Raymond James & Associates now owns 240,335 shares of the company’s stock valued at $5,189,000 after purchasing an additional 6,623 shares in the last quarter. Finally, Equity Investment Corp increased its stake in Honda Motor by 15.7% in the second quarter. Equity Investment Corp now owns 1,586,263 shares of the company’s stock valued at $38,308,000 after purchasing an additional 215,706 shares in the last quarter. 5.48% of the stock is owned by institutional investors.

About Honda Motor

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Honda Motor Co, Ltd. develops, manufactures, and distributes motorcycles, automobiles, power products, and other products in Japan, North America, Europe, Asia, and internationally. It operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Life Creation and Other Businesses.

Further Reading

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

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