Honda Motor (NYSE:HMC) Posts Quarterly Earnings Results

Honda Motor (NYSE:HMC) announced its quarterly earnings data on Friday. The company reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.08), Zacks reports. The company had revenue of $34.57 billion for the quarter, compared to the consensus estimate of $35.95 billion. Honda Motor had a return on equity of 5.03% and a net margin of 2.95%.

Honda Motor Price Performance

Shares of HMC opened at $29.81 on Friday. The company’s 50-day moving average is $32.14 and its 200-day moving average is $31.29. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.30 and a quick ratio of 1.01. The firm has a market capitalization of $46.52 billion, a PE ratio of 9.74, a PEG ratio of 1.15 and a beta of 0.48. Honda Motor has a fifty-two week low of $23.41 and a fifty-two week high of $34.89.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. WealthCollab LLC lifted its position in Honda Motor by 66.2% during the second quarter. WealthCollab LLC now owns 916 shares of the company’s stock worth $26,000 after acquiring an additional 365 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new position in shares of Honda Motor during the second quarter worth approximately $29,000. Geneos Wealth Management Inc. lifted its holdings in Honda Motor by 121.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,119 shares of the company’s stock worth $57,000 after purchasing an additional 1,161 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in Honda Motor by 41.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,503 shares of the company’s stock valued at $101,000 after purchasing an additional 1,029 shares during the period. Finally, Merit Financial Group LLC acquired a new position in Honda Motor in the 3rd quarter valued at $209,000. 5.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on HMC shares. Weiss Ratings restated a “hold (c+)” rating on shares of Honda Motor in a report on Tuesday, October 14th. Wall Street Zen upgraded shares of Honda Motor from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, Zacks Research upgraded shares of Honda Motor from a “strong sell” rating to a “hold” rating in a research note on Monday, October 20th. Six equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Honda Motor presently has an average rating of “Hold”.

Honda Motor Company Profile

Honda Motor Co, Ltd. develops, manufactures, and distributes motorcycles, automobiles, power, and other products in Japan, North America, Europe, Asia, and internationally. It operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Power Product and Other Businesses.