Erste Group Bank Cuts Earnings Estimates for Toyota Motor

Toyota Motor Corporation (NYSE:TM) – Equities research analysts at Erste Group Bank lowered their FY2027 earnings per share (EPS) estimates for shares of Toyota Motor in a research note issued to investors on Thursday, April 2nd. Erste Group Bank analyst S. Lingnau now anticipates that the company will post earnings per share of $21.01 for the year, down from their prior forecast of $21.04. Erste Group Bank has a “Hold” rating on the stock. The consensus estimate for Toyota Motor’s current full-year earnings is $19.76 per share.

Toyota Motor (NYSE:TM) last posted its quarterly earnings results on Saturday, February 7th. The company reported $6.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.35 by $1.91. The company had revenue of $76.37 billion for the quarter, compared to analyst estimates of $82 billion. Toyota Motor had a return on equity of 9.67% and a net margin of 7.32%.

Several other equities research analysts have also weighed in on the company. Zacks Research raised Toyota Motor from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 3rd. BNP Paribas Exane began coverage on Toyota Motor in a research report on Thursday, February 12th. They set an “outperform” rating and a $290.00 price target on the stock. DZ Bank upgraded Toyota Motor from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, March 2nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Toyota Motor in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Toyota Motor presently has a consensus rating of “Moderate Buy” and an average price target of $290.00.

Toyota Motor Price Performance

TM stock opened at $210.68 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.26 and a quick ratio of 1.12. Toyota Motor has a 1 year low of $165.86 and a 1 year high of $248.90. The firm has a market capitalization of $274.58 billion, a P/E ratio of 11.11 and a beta of 0.66. The business’s 50-day moving average is $224.69 and its two-hundred day moving average is $213.42.

Institutional Trading of Toyota Motor

A number of institutional investors have recently bought and sold shares of TM. Brighton Jones LLC boosted its position in Toyota Motor by 21.8% during the fourth quarter. Brighton Jones LLC now owns 2,658 shares of the company’s stock worth $517,000 after purchasing an additional 476 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Toyota Motor by 57.9% in the first quarter. AQR Capital Management LLC now owns 11,512 shares of the company’s stock valued at $2,032,000 after acquiring an additional 4,223 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Toyota Motor by 18.8% in the second quarter. Russell Investments Group Ltd. now owns 10,849 shares of the company’s stock valued at $1,869,000 after acquiring an additional 1,716 shares in the last quarter. Baird Financial Group Inc. lifted its position in shares of Toyota Motor by 123.4% in the second quarter. Baird Financial Group Inc. now owns 2,844 shares of the company’s stock valued at $490,000 after acquiring an additional 1,571 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of Toyota Motor in the second quarter valued at $864,000. 1.48% of the stock is currently owned by hedge funds and other institutional investors.

Toyota Motor Company Profile

Toyota Motor Corporation is a global automotive manufacturer headquartered in Toyota City, Aichi, Japan. Founded in 1937 by Kiichiro Toyoda as an offshoot of Toyoda Automatic Loom Works, the company builds and sells a broad range of vehicles and related products under the Toyota and Lexus brands. Toyota’s operations encompass vehicle design, manufacturing, parts supply, and distribution through a worldwide dealer network, as well as complementary businesses such as vehicle financing and mobility services.

The company’s product lineup includes passenger cars, SUVs, pickup trucks, light commercial vehicles and heavy-duty commercial vehicles, along with engines and vehicle components.