Erste Group Bank Cuts Earnings Estimates for Toyota Motor

Toyota Motor Corporation (NYSE:TM) – Equities research analysts at Erste Group Bank reduced their FY2027 earnings per share (EPS) estimates for Toyota Motor in a report issued on Wednesday, July 15th. Erste Group Bank analyst S. Lingnau now forecasts that the company will earn $18.48 per share for the year, down from their previous forecast of $18.57. Erste Group Bank has a “Hold” rating on the stock. The consensus estimate for Toyota Motor’s current full-year earnings is $20.89 per share. Erste Group Bank also issued estimates for Toyota Motor’s FY2028 earnings at $21.25 EPS.

Other research analysts have also issued research reports about the stock. Morgan Stanley started coverage on shares of Toyota Motor in a report on Friday, May 1st. They issued an “equal weight” rating on the stock. Freedom Capital upgraded shares of Toyota Motor from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Toyota Motor in a research report on Monday, April 20th. Finally, Zacks Research downgraded shares of Toyota Motor from a “hold” rating to a “strong sell” rating in a research note on Monday, July 6th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $290.00.

Toyota Motor Stock Down 1.1%

TM opened at $177.77 on Friday. The firm has a 50 day moving average price of $179.11 and a 200 day moving average price of $205.30. The company has a market cap of $231.69 billion, a PE ratio of 9.08 and a beta of 0.58. Toyota Motor has a 1 year low of $166.10 and a 1 year high of $248.90. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.12 and a current ratio of 1.27.

Toyota Motor (NYSE:TM) last released its quarterly earnings data on Tuesday, March 31st. The company reported $3.80 earnings per share for the quarter. Toyota Motor had a return on equity of 9.74% and a net margin of 7.59%.The business had revenue of $76.81 billion for the quarter.

Institutional Investors Weigh In On Toyota Motor

A number of large investors have recently modified their holdings of the stock. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in Toyota Motor by 418.5% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 140 shares of the company’s stock worth $29,000 after acquiring an additional 113 shares during the period. Highline Wealth Partners LLC raised its stake in shares of Toyota Motor by 92.4% during the fourth quarter. Highline Wealth Partners LLC now owns 152 shares of the company’s stock valued at $33,000 after purchasing an additional 73 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of Toyota Motor during the first quarter valued at approximately $33,000. Cornerstone Planning Group LLC lifted its position in shares of Toyota Motor by 37.8% during the fourth quarter. Cornerstone Planning Group LLC now owns 175 shares of the company’s stock worth $38,000 after purchasing an additional 48 shares in the last quarter. Finally, Larson Financial Group LLC lifted its position in shares of Toyota Motor by 302.1% during the fourth quarter. Larson Financial Group LLC now owns 189 shares of the company’s stock worth $40,000 after purchasing an additional 142 shares in the last quarter. Institutional investors and hedge funds own 1.48% of the company’s stock.

About Toyota Motor

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.