Toyota Motor FY2028 EPS Forecast Cut by Erste Group Bank

Toyota Motor Corporation (NYSE:TM) – Analysts at Erste Group Bank cut their FY2028 EPS estimates for shares of Toyota Motor in a research report issued on Friday, June 5th. Erste Group Bank analyst S. Lingnau now forecasts that the company will post earnings per share of $22.44 for the year, down from their previous forecast of $23.11. Erste Group Bank has a “Hold” rating on the stock. The consensus estimate for Toyota Motor’s current full-year earnings is $21.66 per share.

Toyota Motor (NYSE:TM) last posted its quarterly earnings results on Tuesday, March 31st. The company reported $3.80 EPS for the quarter. The company had revenue of $76.81 billion for the quarter. Toyota Motor had a net margin of 7.59% and a return on equity of 9.74%.

A number of other analysts have also issued reports on TM. Morgan Stanley began coverage on Toyota Motor in a report on Friday, May 1st. They issued an “equal weight” rating for the company. BNP Paribas Exane began coverage on Toyota Motor in a report on Thursday, February 12th. They issued an “outperform” rating and a $290.00 price target for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Toyota Motor in a report on Monday, April 20th. DZ Bank upgraded Toyota Motor from a “strong sell” rating to a “strong-buy” rating in a report on Monday, March 2nd. Finally, Freedom Capital upgraded Toyota Motor from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $290.00.

Toyota Motor Stock Down 2.0%

Shares of NYSE TM opened at $172.32 on Thursday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.12 and a current ratio of 1.27. The firm has a market capitalization of $224.59 billion, a price-to-earnings ratio of 8.80 and a beta of 0.56. The stock has a 50 day moving average price of $194.67 and a 200 day moving average price of $211.35. Toyota Motor has a 52-week low of $167.18 and a 52-week high of $248.90.

Institutional Trading of Toyota Motor

A number of hedge funds have recently bought and sold shares of the stock. Parallel Advisors LLC lifted its holdings in Toyota Motor by 18.5% during the first quarter. Parallel Advisors LLC now owns 4,895 shares of the company’s stock worth $1,009,000 after buying an additional 764 shares during the period. Glenmede Trust Co. NA lifted its holdings in Toyota Motor by 9.3% during the first quarter. Glenmede Trust Co. NA now owns 6,358 shares of the company’s stock worth $1,310,000 after buying an additional 542 shares during the period. Arkadios Wealth Advisors lifted its holdings in Toyota Motor by 9.4% during the first quarter. Arkadios Wealth Advisors now owns 3,012 shares of the company’s stock worth $621,000 after buying an additional 258 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Toyota Motor by 34.5% during the first quarter. EverSource Wealth Advisors LLC now owns 4,444 shares of the company’s stock worth $916,000 after buying an additional 1,139 shares during the period. Finally, Royal Bank of Canada lifted its holdings in Toyota Motor by 19.0% during the first quarter. Royal Bank of Canada now owns 237,220 shares of the company’s stock worth $48,888,000 after buying an additional 37,893 shares during the period. Hedge funds and other institutional investors own 1.48% of the company’s stock.

About Toyota Motor

Toyota Motor Corporation is a global automotive manufacturer headquartered in Toyota City, Aichi, Japan. Founded in 1937 by Kiichiro Toyoda as an offshoot of Toyoda Automatic Loom Works, the company builds and sells a broad range of vehicles and related products under the Toyota and Lexus brands. Toyota’s operations encompass vehicle design, manufacturing, parts supply, and distribution through a worldwide dealer network, as well as complementary businesses such as vehicle financing and mobility services.

The company’s product lineup includes passenger cars, SUVs, pickup trucks, light commercial vehicles and heavy-duty commercial vehicles, along with engines and vehicle components.