Erste Group Bank Lowers Earnings Estimates for Toyota Motor

Toyota Motor Corporation (NYSE:TM) – Investment analysts at Erste Group Bank reduced their FY2028 earnings per share estimates for Toyota Motor in a report released on Friday, September 18th. Erste Group Bank analyst S. Lingnau now anticipates that the company will earn $22.08 per share for the year, down from their prior estimate of $22.44. Erste Group Bank has a “Strong-Buy” rating on the stock. The consensus estimate for Toyota Motor’s current full-year earnings is $20.36 per share.

Toyota Motor (NYSE:TM) last posted its quarterly earnings data on Tuesday, June 30th. The company reported $7.42 earnings per share (EPS) for the quarter. Toyota Motor had a return on equity of 11.21% and a net margin of 8.61%.The company had revenue of $83.16 billion for the quarter.

TM has been the subject of a number of other research reports. Weiss Ratings lowered shares of Toyota Motor from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, July 31st. Zacks Research upgraded shares of Toyota Motor from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Three investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $290.00.

Toyota Motor Stock Performance

Toyota Motor stock opened at $192.22 on Wednesday. The stock has a market cap of $250.53 billion, a P/E ratio of 8.48, a price-to-earnings-growth ratio of 1.27 and a beta of 0.57. The company has a current ratio of 1.17, a quick ratio of 1.00 and a debt-to-equity ratio of 0.68. The stock has a 50 day moving average of $189.88 and a 200-day moving average of $191.73. Toyota Motor has a 52 week low of $166.10 and a 52 week high of $248.90.

Institutional Trading of Toyota Motor

Several institutional investors have recently added to or reduced their stakes in TM. Rehmann Capital Advisory Group grew its holdings in Toyota Motor by 3.2% during the 4th quarter. Rehmann Capital Advisory Group now owns 1,468 shares of the company’s stock worth $314,000 after acquiring an additional 45 shares during the last quarter. Physicians Financial Services Inc. boosted its stake in Toyota Motor by 1.1% in the first quarter. Physicians Financial Services Inc. now owns 4,747 shares of the company’s stock valued at $978,000 after acquiring an additional 50 shares during the last quarter. Wedbush Securities Inc. grew its holdings in Toyota Motor by 3.0% during the 2nd quarter. Wedbush Securities Inc. now owns 1,878 shares of the company’s stock worth $316,000 after acquiring an additional 54 shares during the period. 55 North Private Wealth LLC raised its position in shares of Toyota Motor by 4.5% during the 2nd quarter. 55 North Private Wealth LLC now owns 1,356 shares of the company’s stock valued at $228,000 after acquiring an additional 58 shares during the last quarter. Finally, Community Bank & Trust Waco Texas lifted its stake in shares of Toyota Motor by 0.9% in the 2nd quarter. Community Bank & Trust Waco Texas now owns 6,841 shares of the company’s stock valued at $1,152,000 after purchasing an additional 58 shares during the period. Institutional investors own 1.48% of the company’s stock.

Insider Buying and Selling

In other news, President Kenta Kon bought 85,000 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was bought at an average price of $18.41 per share, for a total transaction of $1,564,850.00. Following the transaction, the president owned 148,100 shares in the company, valued at $2,726,521. The trade was a 134.71% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

Toyota Motor Company Profile

Toyota Motor Corporation is a Japan-based automotive company headquartered in Toyota City, Aichi Prefecture. Founded in 1937, the company develops, manufactures and sells passenger cars, trucks, commercial vehicles and related automotive components. Its principal brands include Toyota and Lexus, along with the performance-oriented GR sub-brand.

Toyota offers vehicles powered by internal combustion engines, hybrid-electric systems, plug-in hybrids, battery-electric powertrains and hydrogen fuel-cell technology.