Honda Motor Company, Ltd. (HMC) Announces Quarterly Earnings Results, Beats Expectations By $0.21 EPS

Honda Motor Company, Ltd. (NYSE:HMC) posted its earnings results on Tuesday, August 1st. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.83 by $0.21, MarketWatch Earnings reports. The company had revenue of $3,713 billion during the quarter, compared to the consensus estimate of $3,525.55 billion. Honda Motor had a net margin of 4.58% and a return on equity of 8.57%. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the previous year, the firm posted $96.93 earnings per share. Honda Motor updated its FY18 guidance to $302.39 EPS.

Shares of Honda Motor (NYSE HMC) opened at 27.54 on Friday. Honda Motor has a 12-month low of $27.05 and a 12-month high of $32.17. The company’s 50-day moving average is $27.72 and its 200-day moving average is $29.01. The company has a market cap of $49.63 billion, a price-to-earnings ratio of 8.45 and a beta of 1.01.

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Several equities research analysts have recently commented on HMC shares. Zacks Investment Research downgraded shares of Honda Motor from a “hold” rating to a “sell” rating in a research report on Tuesday, April 25th. Nomura upgraded shares of Honda Motor from a “reduce” rating to a “neutral” rating in a report on Tuesday, August 1st. J P Morgan Chase & Co cut shares of Honda Motor from an “overweight” rating to a “neutral” rating in a report on Wednesday, July 5th. BidaskClub upgraded shares of Honda Motor from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 3rd. Finally, Instinet upgraded shares of Honda Motor from a “reduce” rating to a “neutral” rating in a research note on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $33.50.

Large investors have recently added to or reduced their stakes in the stock. Mascoma Wealth Management LLC bought a new stake in Honda Motor during the second quarter valued at about $103,000. IFP Advisors Inc boosted its stake in Honda Motor by 2.6% in the first quarter. IFP Advisors Inc now owns 4,313 shares of the company’s stock valued at $131,000 after buying an additional 108 shares during the last quarter. Pacad Investment Ltd. boosted its stake in Honda Motor by 6.3% in the second quarter. Pacad Investment Ltd. now owns 5,100 shares of the company’s stock valued at $140,000 after buying an additional 300 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Honda Motor by 22.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 4,768 shares of the company’s stock valued at $145,000 after buying an additional 883 shares during the last quarter. Finally, Proficio Capital Partners LLC boosted its stake in Honda Motor by 105.0% in the first quarter. Proficio Capital Partners LLC now owns 5,339 shares of the company’s stock valued at $149,000 after buying an additional 2,735 shares during the last quarter. Hedge funds and other institutional investors own 2.63% of the company’s stock.

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.

Earnings History for Honda Motor (NYSE:HMC)

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