FY2023 EPS Estimates for Toyota Motor Co. (NYSE:TM) Raised by Analyst

Toyota Motor Co. (NYSE:TM – Get Rating) – Jefferies Financial Group raised their FY2023 earnings per share estimates for Toyota Motor in a report released on Tuesday, January 17th. Jefferies Financial Group analyst T. Nakanishi now expects that the company will post earnings of $14.41 per share for the year, up from their prior estimate of $14.29. The consensus estimate for Toyota Motor’s current full-year earnings is $14.16 per share.

Toyota Motor (NYSE:TM – Get Rating) last announced its quarterly earnings data on Tuesday, November 1st. The company reported $2.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.08 by ($0.78). The company had revenue of $66.77 billion for the quarter, compared to analysts’ expectations of $63.08 billion. Toyota Motor had a net margin of 7.54% and a return on equity of 9.11%.

Several other research analysts have also recently weighed in on the company. TheStreet cut Toyota Motor from a “b” rating to a “c” rating in a research note on Tuesday, November 1st. Citigroup cut Toyota Motor from a “buy” rating to a “neutral” rating in a research note on Thursday, October 13th. UBS Group cut Toyota Motor from a “buy” rating to a “neutral” rating in a research note on Thursday, October 6th. Finally, StockNews.com initiated coverage on Toyota Motor in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $1,239.71.

Toyota Motor Stock Up 1.3 %

Shares of NYSE:TM opened at $146.11 on Friday. The stock has a fifty day simple moving average of $141.67 and a two-hundred day simple moving average of $144.93. The stock has a market capitalization of $204.26 billion, a price-to-earnings ratio of 9.87, a PEG ratio of 1.38 and a beta of 0.60. Toyota Motor has a 12-month low of $130.07 and a 12-month high of $203.95. The company has a current ratio of 1.06, a quick ratio of 0.89 and a debt-to-equity ratio of 0.60.

Institutional Trading of Toyota Motor

A number of hedge funds have recently bought and sold shares of the company. MGO One Seven LLC increased its position in Toyota Motor by 4.1% during the second quarter. MGO One Seven LLC now owns 1,625 shares of the company’s stock valued at $251,000 after acquiring an additional 64 shares during the last quarter. Mission Wealth Management LP increased its position in Toyota Motor by 5.1% during the second quarter. Mission Wealth Management LP now owns 1,621 shares of the company’s stock valued at $250,000 after acquiring an additional 78 shares during the last quarter. Allworth Financial LP increased its position in Toyota Motor by 3.8% during the second quarter. Allworth Financial LP now owns 2,173 shares of the company’s stock valued at $335,000 after acquiring an additional 80 shares during the last quarter. Curated Wealth Partners LLC increased its position in Toyota Motor by 3.1% during the second quarter. Curated Wealth Partners LLC now owns 2,827 shares of the company’s stock valued at $436,000 after acquiring an additional 85 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its position in Toyota Motor by 0.9% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 10,601 shares of the company’s stock valued at $1,381,000 after acquiring an additional 90 shares during the last quarter.

Toyota Motor Company Profile

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Toyota Motor Corporation designs, manufactures, assembles, and sells passenger vehicles, minivans and commercial vehicles, and related parts and accessories. It operates in Automotive, Financial Services, and All Other segments. The company offers hybrid cars under the Prius name, fuel cell vehicles under the MIRAI name; and conventional engine vehicles, including subcompact and compact cars under the Corolla and Raize names.