Toyota Motor (NYSE:TM) Releases Quarterly Earnings Results, Beats Estimates By $2.89 EPS

Toyota Motor (NYSE:TM) released its earnings results on Tuesday. The company reported $7.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.68 by $2.89, Zacks reports. The company had revenue of $85.83 billion during the quarter, compared to analyst estimates of $80.67 billion. Toyota Motor had a return on equity of 10.97% and a net margin of 8.61%.

Toyota Motor Stock Performance

Shares of Toyota Motor stock traded up $2.45 during trading hours on Thursday, reaching $188.34. The company had a trading volume of 208,762 shares, compared to its average volume of 411,726. Toyota Motor has a one year low of $166.10 and a one year high of $248.90. The business has a fifty day simple moving average of $178.17 and a 200 day simple moving average of $201.98. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.27 and a quick ratio of 1.12. The firm has a market cap of $245.48 billion, a PE ratio of 8.31, a price-to-earnings-growth ratio of 1.26 and a beta of 0.56.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Zacks Research upgraded Toyota Motor from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Freedom Capital upgraded Toyota Motor from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. Morgan Stanley assumed coverage on shares of Toyota Motor in a report on Friday, May 1st. They issued an “equal weight” rating on the stock. Finally, Weiss Ratings lowered shares of Toyota Motor from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Toyota Motor presently has a consensus rating of “Moderate Buy” and a consensus price target of $290.00.

Insider Activity at Toyota Motor

In other news, President Kenta Kon acquired 85,000 shares of Toyota Motor stock in a transaction that occurred on Wednesday, August 5th. The stock was bought at an average price of $18.41 per share, with a total value of $1,564,850.00. Following the completion of the purchase, the president owned 148,100 shares in the company, valued at approximately $2,726,521. The trade was a 134.71% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

Institutional Investors Weigh In On Toyota Motor

Several large investors have recently added to or reduced their stakes in TM. Palisade Asset Management LLC bought a new stake in Toyota Motor during the third quarter valued at approximately $49,000. Headlands Technologies LLC grew its holdings in shares of Toyota Motor by 93.2% in the second quarter. Headlands Technologies LLC now owns 510 shares of the company’s stock worth $88,000 after purchasing an additional 246 shares during the last quarter. Transamerica Financial Advisors LLC grew its holdings in Toyota Motor by 13.9% in the 2nd quarter. Transamerica Financial Advisors LLC now owns 607 shares of the company’s stock worth $104,000 after acquiring an additional 74 shares during the last quarter. Brown Brothers Harriman & Co. increased its holdings in Toyota Motor by 1,485.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 555 shares of the company’s stock valued at $119,000 after purchasing an additional 520 shares during the period. Finally, Parkside Financial Bank & Trust increased its stake in shares of Toyota Motor by 72.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 569 shares of the company’s stock valued at $122,000 after buying an additional 239 shares during the period. 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.