HC Wainwright Has Bearish Forecast for TOYO FY2027 Earnings

TOYO Co., Ltd. (NASDAQ:TOYO) – Stock analysts at HC Wainwright reduced their FY2027 earnings estimates for TOYO in a research note issued on Monday, June 29th. HC Wainwright analyst A. Dayal now expects that the company will post earnings per share of $3.19 for the year, down from their previous estimate of $3.49. The consensus estimate for TOYO’s current full-year earnings is $2.37 per share.

A number of other equities analysts have also recently issued reports on the stock. Wall Street Zen upgraded shares of TOYO from a “hold” rating to a “strong-buy” rating in a research report on Saturday, April 4th. Weiss Ratings upgraded shares of TOYO from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 4th. Finally, Roth Mkm began coverage on TOYO in a research note on Thursday, April 2nd. They issued a “buy” rating and a $15.00 target price on the stock. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $16.50.

TOYO Trading Down 1.2%

Shares of TOYO opened at $7.17 on Tuesday. The stock has a market capitalization of $270.81 million, a P/E ratio of 9.56 and a beta of 1.31. TOYO has a twelve month low of $3.39 and a twelve month high of $17.43. The company has a quick ratio of 0.31, a current ratio of 0.68 and a debt-to-equity ratio of 0.24. The firm has a fifty day simple moving average of $12.78 and a two-hundred day simple moving average of $9.55.

TOYO (NASDAQ:TOYO) last issued its earnings results on Monday, May 18th. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.72 by $0.03. The firm had revenue of $142.77 million during the quarter, compared to analysts’ expectations of $202.90 million.

Institutional Trading of TOYO

A hedge fund recently raised its stake in TOYO stock. Renaissance Technologies LLC raised its stake in shares of TOYO Co., Ltd. (NASDAQ:TOYO) by 17.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,250 shares of the company’s stock after purchasing an additional 4,250 shares during the quarter. Renaissance Technologies LLC owned approximately 0.07% of TOYO worth $166,000 at the end of the most recent reporting period. 84.61% of the stock is owned by institutional investors.

TOYO Company Profile

TOYO Co Ltd. engages in the design, manufacture, and sale of solar cells and modules. It is involved in integrating the upstream production of wafer and silicon, midstream production of solar cell, downstream production of photovoltaic (PV) modules, and potentially other stages of the solar power supply chain. The company was founded on November 8, 2022 and is headquartered in Tokyo, Japan.