Honda Motor (NYSE:HMC) Releases FY 2023 Earnings Guidance

Honda Motor (NYSE:HMC – Get Rating) updated its FY 2023 earnings guidance on Friday. The company provided EPS guidance of $3.16-$3.16 for the period. The company issued revenue guidance of $128.89 billion-$128.89 billion.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HMC. TheStreet downgraded Honda Motor from a b- rating to a c+ rating in a research report on Friday, October 7th. StockNews.com upgraded Honda Motor from a buy rating to a strong-buy rating in a research report on Saturday, November 19th.

Honda Motor Stock Up 0.2 %

Shares of NYSE:HMC opened at $23.89 on Friday. The stock’s fifty day simple moving average is $23.08 and its 200-day simple moving average is $24.46. Honda Motor has a 52-week low of $21.43 and a 52-week high of $32.15. The company has a market capitalization of $40.87 billion, a P/E ratio of 7.73, a P/E/G ratio of 0.73 and a beta of 0.73. The company has a quick ratio of 1.10, a current ratio of 1.44 and a debt-to-equity ratio of 0.40.

Honda Motor (NYSE:HMC – Get Rating) last released its earnings results on Wednesday, November 9th. The company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.11). Honda Motor had a return on equity of 5.85% and a net margin of 4.15%. The business had revenue of $30.82 billion for the quarter, compared to analysts’ expectations of $29.65 billion. As a group, equities research analysts forecast that Honda Motor will post 3.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Honda Motor

Large investors have recently added to or reduced their stakes in the business. Credit Suisse AG lifted its position in Honda Motor by 3,638.7% during the third quarter. Credit Suisse AG now owns 1,159 shares of the company’s stock worth $25,000 after buying an additional 1,128 shares during the period. Quantbot Technologies LP purchased a new position in Honda Motor during the first quarter worth about $39,000. Brown Brothers Harriman & Co. purchased a new position in shares of Honda Motor in the 1st quarter worth about $114,000. Captrust Financial Advisors raised its holdings in shares of Honda Motor by 69.7% in the 2nd quarter. Captrust Financial Advisors now owns 5,244 shares of the company’s stock worth $127,000 after purchasing an additional 2,153 shares during the period. Finally, Cetera Investment Advisers raised its holdings in shares of Honda Motor by 7.5% in the 1st quarter. Cetera Investment Advisers now owns 7,979 shares of the company’s stock worth $225,000 after purchasing an additional 557 shares during the period. 5.36% of the stock is currently owned by hedge funds and other institutional investors.

Honda Motor Company Profile

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