Suzuki Motor (OTCMKTS:SZKMY) Shares Gap Down Following Weak Earnings

Suzuki Motor (OTCMKTS:SZKMY)’s stock price gapped down before the market opened on Wednesday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $58.7630, but opened at $53.69. Suzuki Motor shares last traded at $54.9160, with a volume of 726 shares trading hands.

The company reported $0.91 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.17). Suzuki Motor had a return on equity of 12.49% and a net margin of 7.85%. The firm had revenue of $10.84 billion for the quarter, compared to analysts’ expectations of $10.86 billion. Suzuki Motor has set its FY 2026 guidance at 5.470-5.470 EPS.

Analysts Set New Price Targets

Several research firms have commented on SZKMY. Zacks Research raised shares of Suzuki Motor from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 20th. Citigroup raised Suzuki Motor from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Suzuki Motor currently has a consensus rating of “Buy”.

Suzuki Motor Stock Down 2.3%

The stock’s 50-day moving average price is $52.49 and its two-hundred day moving average price is $50.91. The company has a current ratio of 1.81, a quick ratio of 1.36 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $26.59 billion, a P/E ratio of 7.92 and a beta of 0.59.

About Suzuki Motor

Suzuki Motor Corporation is a Japanese manufacturer of automobiles, motorcycles and other mobility products. Founded in 1909 by Michio Suzuki as Suzuki Loom Works, the company began as a maker of weaving looms before expanding into motorized products and automobiles. Its products include compact cars and other passenger vehicles, motorcycles and outboard motors. Suzuki also develops select power products and mobility equipment, serving consumers and businesses in Japan and markets around the world.