HC Wainwright Brokers Decrease Earnings Estimates for TOYO

TOYO Co., Ltd. (NASDAQ:TOYO) – Equities researchers at HC Wainwright lowered their Q3 2026 EPS estimates for TOYO in a report issued on Thursday, August 20th. HC Wainwright analyst A. Dayal now anticipates that the company will post earnings per share of $0.11 for the quarter, down from their prior estimate of $0.45. The consensus estimate for TOYO’s current full-year earnings is $1.98 per share. HC Wainwright also issued estimates for TOYO’s Q4 2026 earnings at $0.24 EPS, FY2026 earnings at $1.56 EPS and FY2027 earnings at $3.26 EPS.

TOYO (NASDAQ:TOYO) last issued its quarterly earnings results on Wednesday, August 19th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.07). The business had revenue of $118.18 million during the quarter, compared to the consensus estimate of $192.57 million.

Other equities analysts have also issued reports about the company. Weiss Ratings lowered TOYO from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, July 30th. Wall Street Zen lowered TOYO from a “strong-buy” rating to a “hold” rating in a research note on Saturday. Finally, Zacks Research upgraded TOYO from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, TOYO presently has an average rating of “Moderate Buy” and an average target price of $16.50.

TOYO Price Performance

TOYO stock opened at $4.67 on Monday. TOYO has a 52-week low of $4.26 and a 52-week high of $17.43. The stock’s fifty day simple moving average is $6.34 and its 200-day simple moving average is $9.23. The company has a quick ratio of 0.58, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $176.39 million, a price-to-earnings ratio of 6.23 and a beta of 1.45.

Institutional Investors Weigh In On TOYO

An institutional investor recently raised its position in TOYO stock. Renaissance Technologies LLC raised its position in TOYO Co., Ltd. (NASDAQ:TOYO) by 62.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,000 shares of the company’s stock after purchasing an additional 17,750 shares during the quarter. Renaissance Technologies LLC owned 0.12% of TOYO worth $337,000 at the end of the most recent quarter. Institutional investors own 84.61% of the company’s stock.

About TOYO

TOYO Co Ltd. engages in the design, manufacture, and sale of solar cells and modules. It is involved in integrating the upstream production of wafer and silicon, midstream production of solar cell, downstream production of photovoltaic (PV) modules, and potentially other stages of the solar power supply chain. The company was founded on November 8, 2022 and is headquartered in Tokyo, Japan.