Honda Motor Company, Ltd. (NYSE:HMC) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided EPS guidance of $302.39 for the period, compared to the Thomson Reuters consensus EPS estimate of $338.25. The company issued revenue guidance of $14500.00 billion, compared to the consensus revenue estimate of $14463.69 billion.
Shares of Honda Motor Company, Ltd. (NYSE:HMC) opened at 27.54 on Friday. The company has a market cap of $49.63 billion, a price-to-earnings ratio of 8.45 and a beta of 1.01. The company has a 50 day moving average price of $27.72 and a 200 day moving average price of $29.01. Honda Motor Company, Ltd. has a one year low of $27.05 and a one year high of $32.17.
Honda Motor (NYSE:HMC) last announced its quarterly earnings results on Tuesday, August 1st. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.21. Honda Motor had a net margin of 4.58% and a return on equity of 8.57%. The company had revenue of $3,713 billion for the quarter, compared to the consensus estimate of $3,525.55 billion. During the same quarter in the prior year, the firm earned $96.93 earnings per share. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. Equities analysts predict that Honda Motor Company, Ltd. will post $2.76 EPS for the current year.
Several equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of Honda Motor from a hold rating to a strong-buy rating and set a $32.00 price objective on the stock in a research note on Thursday. Jefferies Group LLC set a $35.00 price objective on shares of Honda Motor and gave the company a buy rating in a research note on Wednesday. BidaskClub downgraded shares of Honda Motor from a sell rating to a strong sell rating in a research note on Thursday, August 10th. Instinet raised shares of Honda Motor from a reduce rating to a neutral rating in a research note on Tuesday, August 1st. Finally, Nomura raised shares of Honda Motor from a reduce rating to a neutral rating in a research note on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Honda Motor presently has an average rating of Hold and a consensus target price of $33.50.
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About Honda Motor
Honda Motor Co, Ltd. (Honda) develops, manufactures and markets motorcycles, automobiles and power products across the world. The Company’s segments include Motorcycle Business, Automobile business, Financial services business, and Power product and other businesses. The Company produces a range of motorcycles, with engine displacement ranging from the 50 cubic centimeters class to the 1,800 cubic centimeters class.
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