Honda Motor (NYSE:HMC) Releases Earnings Results, Misses Estimates By $0.08 EPS

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

Honda Motor Trading Down 2.0%

Shares of Honda Motor stock traded down $0.60 on Friday, hitting $29.81. The stock had a trading volume of 1,070,388 shares, compared to its average volume of 905,413. The company has a quick ratio of 1.01, a current ratio of 1.30 and a debt-to-equity ratio of 0.58. Honda Motor has a one year low of $23.41 and a one year high of $34.89. The stock’s 50-day simple moving average is $32.14 and its two-hundred day simple moving average is $31.28. The stock has a market cap of $46.52 billion, a price-to-earnings ratio of 10.31, a PEG ratio of 1.17 and a beta of 0.48.

Wall Street Analysts Forecast Growth

Several research analysts have commented on HMC shares. Wall Street Zen raised shares of Honda Motor from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Zacks Research raised shares of Honda Motor from a “strong sell” rating to a “hold” rating in a report on Monday, October 20th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Honda Motor in a research note on Tuesday, October 14th. Six investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Honda Motor currently has an average rating of “Hold”.

Institutional Investors Weigh In On Honda Motor

A number of large investors have recently added to or reduced their stakes in HMC. WealthCollab LLC raised its stake in shares of Honda Motor by 66.2% during the second quarter. WealthCollab LLC now owns 916 shares of the company’s stock valued at $26,000 after acquiring an additional 365 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new position in Honda Motor during the 2nd quarter valued at about $29,000. Geneos Wealth Management Inc. increased 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 valued at $57,000 after purchasing an additional 1,161 shares during the period. Tower Research Capital LLC TRC raised its position in Honda Motor by 41.6% during 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 last quarter. Finally, Merit Financial Group LLC purchased a new stake in Honda Motor in the 3rd quarter worth approximately $209,000. Institutional investors own 5.32% of the company’s stock.

About Honda Motor

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.