Honda Motor (NYSE:HMC) Releases Quarterly Earnings Results, Beats Expectations By $0.96 EPS

Honda Motor (NYSE:HMC) issued its earnings results 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 business had revenue of $38.49 billion during the quarter, compared to analysts’ expectations of $36.24 billion. Honda Motor had a negative return on equity of 1.29% and a negative net margin of 0.73%. Honda Motor updated its FY 2027 guidance to 1.934-1.934 EPS.

Honda Motor Price Performance

Shares of NYSE:HMC traded up $1.10 during trading on Friday, reaching $31.83. The stock had a trading volume of 1,864,560 shares, compared to its average volume of 1,631,360. Honda Motor has a 52 week low of $23.25 and a 52 week high of $34.89. The business’s 50-day moving average price is $27.83 and its 200 day moving average price is $27.34. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.28 and a quick ratio of 1.03. The stock has a market capitalization of $49.68 billion, a PE ratio of -45.47 and a beta of 0.42.

Institutional Investors Weigh In On Honda Motor

A number of large investors have recently bought and sold shares of HMC. Caitong International Asset Management Co. Ltd bought a new position in Honda Motor in the 3rd quarter valued at $26,000. WealthCollab LLC grew its holdings in shares of Honda Motor by 66.2% during the second quarter. WealthCollab LLC now owns 916 shares of the company’s stock worth $26,000 after purchasing an additional 365 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new stake in shares of Honda Motor during the second quarter worth $29,000. Geneos Wealth Management Inc. increased its stake 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 buying an additional 1,161 shares in the last quarter. Finally, Transamerica Financial Advisors LLC increased its stake 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 buying an additional 779 shares in the last quarter. 5.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Wall Street Zen upgraded Honda Motor from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Zacks Research upgraded shares of Honda Motor from a “strong sell” rating to a “hold” rating in a research note on Friday, June 19th. Finally, Weiss Ratings lowered shares of Honda Motor from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus 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.