Honda Motor (NYSE:HMC) Announces Quarterly Earnings Results

Honda Motor (NYSE:HMC) posted its quarterly earnings data on Thursday. The company reported ($4.24) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($5.74) by $1.50, Zacks reports. Honda Motor had a net margin of 2.34% and a return on equity of 4.01%. Honda Motor updated its FY 2027 guidance to 1.278-1.278 EPS.

Honda Motor Stock Up 5.5%

NYSE HMC traded up $1.34 on Thursday, hitting $25.71. 2,322,567 shares of the stock traded hands, compared to its average volume of 1,533,704. The company has a market capitalization of $40.12 billion, a P/E ratio of 10.24 and a beta of 0.41. The stock has a 50-day moving average of $24.96 and a 200 day moving average of $28.46. The company has a current ratio of 1.36, a quick ratio of 1.09 and a debt-to-equity ratio of 0.65. Honda Motor has a twelve month low of $23.25 and a twelve month high of $34.89.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Morgan Stanley lowered shares of Honda Motor from an “overweight” rating to an “equal weight” rating in a report on Wednesday, March 11th. Zacks Research cut Honda Motor from a “hold” rating to a “strong sell” rating in a research note on Monday, April 6th. Wall Street Zen lowered Honda Motor from a “hold” rating to a “sell” rating in a research note on Saturday, March 14th. BNP Paribas Exane initiated coverage on Honda Motor in a report on Thursday, February 12th. They set an “underperform” rating and a $25.00 price objective on the stock. Finally, Weiss Ratings cut Honda Motor from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $25.00.

Hedge Funds Weigh In On Honda Motor

Large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its stake in Honda Motor by 8.6% during the first quarter. Royal Bank of Canada now owns 285,203 shares of the company’s stock valued at $7,737,000 after purchasing an additional 22,479 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Honda Motor by 29.5% during the 1st quarter. AQR Capital Management LLC now owns 39,558 shares of the company’s stock valued at $1,073,000 after buying an additional 9,001 shares during the last quarter. Integrated Wealth Concepts LLC lifted its holdings in Honda Motor by 5.8% in the first quarter. Integrated Wealth Concepts LLC now owns 8,552 shares of the company’s stock worth $232,000 after acquiring an additional 468 shares during the last quarter. Millennium Management LLC boosted its stake in Honda Motor by 41.4% in the first quarter. Millennium Management LLC now owns 342,491 shares of the company’s stock valued at $9,292,000 after acquiring an additional 100,330 shares during the period. Finally, Geneos Wealth Management Inc. grew its holdings in shares of Honda Motor by 121.2% during 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 during the last quarter. 5.32% of the stock is currently owned by institutional investors.

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.