Honda Motor (NYSE:HMC) Announces Earnings Results, Beats Expectations By $1.50 EPS

Honda Motor (NYSE:HMC) released its quarterly earnings data on Thursday. The company reported ($4.24) earnings per share (EPS) for the quarter, beating the consensus estimate 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 Performance

NYSE:HMC traded up $1.39 during midday trading on Thursday, reaching $25.76. The stock had a trading volume of 2,196,957 shares, compared to its average volume of 1,532,655. The company has a quick ratio of 1.09, a current ratio of 1.36 and a debt-to-equity ratio of 0.65. The stock has a market cap of $40.20 billion, a P/E ratio of 10.26 and a beta of 0.41. The firm has a fifty day simple moving average of $24.96 and a two-hundred day simple moving average of $28.46. Honda Motor has a 12-month low of $23.25 and a 12-month high of $34.89.

Institutional Trading of Honda Motor

Hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada lifted its position in Honda Motor by 8.6% in 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 period. AQR Capital Management LLC grew its stake 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 worth $1,073,000 after purchasing an additional 9,001 shares during the period. Integrated Wealth Concepts LLC lifted its stake in shares of Honda Motor by 5.8% in the first quarter. Integrated Wealth Concepts LLC now owns 8,552 shares of the company’s stock valued at $232,000 after purchasing an additional 468 shares during the period. Millennium Management LLC boosted its holdings in Honda Motor by 41.4% during the first quarter. Millennium Management LLC now owns 342,491 shares of the company’s stock worth $9,292,000 after buying an additional 100,330 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in 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. Hedge funds and other institutional investors own 5.32% of the company’s stock.

Analysts Set New Price Targets

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

Honda Motor Company Profile

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.