Honda Motor (NYSE:HMC) Issues Earnings Results

Honda Motor (NYSE:HMC) announced its quarterly earnings data on Wednesday. The company reported $2.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.96, Zacks reports. The firm had revenue of $38.49 billion during the quarter, compared to analysts’ expectations of $36.24 billion. Honda Motor had a negative net margin of 1.75% and a negative return on equity of 3.07%. Honda Motor updated its FY 2027 guidance to 1.934-1.934 EPS.

Honda Motor Price Performance

NYSE HMC traded up $0.17 on Thursday, reaching $30.77. The company had a trading volume of 1,244,680 shares, compared to its average volume of 1,631,043. The stock has a market capitalization of $48.03 billion, a PE ratio of -16.11 and a beta of 0.42. Honda Motor has a 12 month low of $23.25 and a 12 month high of $34.89. The company has a quick ratio of 1.03, a current ratio of 1.28 and a debt-to-equity ratio of 0.70. The firm’s 50 day moving average price is $27.76 and its 200 day moving average price is $27.34.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in HMC. Caitong International Asset Management Co. Ltd purchased a new position in Honda Motor during the 3rd quarter valued at approximately $26,000. WealthCollab LLC raised its holdings in shares of Honda Motor by 66.2% during the 2nd quarter. WealthCollab LLC now owns 916 shares of the company’s stock worth $26,000 after acquiring an additional 365 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in shares of Honda Motor during the 2nd quarter worth approximately $29,000. Geneos Wealth Management Inc. grew its holdings in shares of Honda Motor by 121.2% in the first 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 in the last quarter. Finally, Transamerica Financial Advisors LLC grew its holdings in shares of Honda Motor by 46.4% in the fourth quarter. Transamerica Financial Advisors LLC now owns 2,457 shares of the company’s stock valued at $72,000 after purchasing an additional 779 shares in the last quarter. Hedge funds and other institutional investors own 5.32% of the company’s stock.

Analysts Set New Price Targets

HMC has been the subject of several recent analyst reports. Zacks Research raised shares of Honda Motor from a “strong sell” rating to a “hold” rating in a report on Friday, June 19th. Wall Street Zen raised Honda Motor from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Weiss Ratings downgraded Honda Motor from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $25.00.

About Honda Motor

Honda Motor Co, Ltd. is a global manufacturer and mobility company headquartered in Minato, Tokyo, Japan, founded in 1948 by Soichiro Honda and Takeo Fujisawa. The company’s core businesses include the design, manufacture and sale of automobiles and motorcycles, along with a diverse portfolio of power products, engines and related components. Honda also operates in aviation through Honda Aircraft Company and offers financial services that support vehicle sales and leasing.

In automobiles, Honda is known for a range of passenger cars, crossovers and light trucks, and in motorcycles it is one of the world’s leading producers by volume and model breadth.