Honda Motor Company, Ltd. (HMC) Issues FY18 Earnings Guidance

Honda Motor Company, Ltd. (NYSE:HMC) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $302.39 for the period, compared to the Thomson Reuters consensus earnings per share 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) traded up 0.66% during mid-day trading on Friday, reaching $27.54. The company’s stock had a trading volume of 509,996 shares. The company has a 50-day moving average of $27.72 and a 200-day moving average of $29.01. The firm has a market cap of $49.63 billion, a PE ratio of 8.41 and a beta of 1.01. Honda Motor Company, Ltd. has a 12 month low of $27.05 and a 12 month high of $32.17.

Honda Motor (NYSE:HMC) last posted its quarterly earnings results on Tuesday, August 1st. The company reported $1.04 EPS for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.21. The business had revenue of $3,713 billion for the quarter, compared to analysts’ expectations of $3,525.55 billion. Honda Motor had a return on equity of 8.57% and a net margin of 4.58%. The business’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the firm earned $96.93 earnings per share. On average, analysts predict that Honda Motor Company, Ltd. will post $2.76 earnings per share for the current year.

Several equities research analysts have recently issued reports on HMC shares. TheStreet raised Honda Motor from a c+ rating to a b- rating in a report on Friday, April 28th. Jefferies Group LLC reaffirmed a buy rating and issued a $33.18 target price on shares of Honda Motor in a report on Friday, July 14th. Zacks Investment Research raised Honda Motor from a sell rating to a hold rating in a report on Wednesday, June 21st. J P Morgan Chase & Co cut Honda Motor from an overweight rating to a neutral rating in a report on Wednesday, July 5th. Finally, Instinet raised Honda Motor from a reduce rating to a neutral rating in a report on Tuesday, August 1st. One equities 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 given a strong buy rating to the company’s stock. The company currently has a consensus 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.

Earnings History and Estimates for Honda Motor (NYSE:HMC)

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