Honda Motor (NYSE:HMC) Releases FY20 Earnings Guidance

Honda Motor (NYSE:HMC) issued an update on its FY20 earnings guidance on Friday morning. The company provided EPS guidance of JPY 366.6 for the period, compared to the Thomson Reuters consensus EPS estimate of $382.99. The company issued revenue guidance of JPY 15.7 tln, compared to the consensus revenue estimate of $15718.45 billion.Honda Motor also updated its FY 2020 guidance to $3.33-3.33 EPS.

Shares of HMC opened at $24.82 on Friday. Honda Motor has a 52 week low of $24.43 and a 52 week high of $31.04. The company has a market cap of $45.03 billion, a PE ratio of 7.96, a price-to-earnings-growth ratio of 1.06 and a beta of 0.98. The company has a quick ratio of 0.96, a current ratio of 1.23 and a debt-to-equity ratio of 0.48. The firm has a fifty day moving average price of $25.90.

Honda Motor (NYSE:HMC) last announced its quarterly earnings results on Wednesday, May 8th. The company reported ($0.07) EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.60). Honda Motor had a net margin of 3.92% and a return on equity of 6.97%. The firm had revenue of $4,049.10 billion during the quarter, compared to the consensus estimate of $4,011.69 billion. During the same quarter in the previous year, the company posted $60.59 earnings per share. The firm’s revenue was up 3.4% on a year-over-year basis. On average, research analysts anticipate that Honda Motor will post 3.54 earnings per share for the current fiscal year.

HMC has been the subject of a number of research reports. UBS Group cut Honda Motor from a buy rating to a neutral rating in a research note on Wednesday, June 19th. TheStreet cut Honda Motor from a b rating to a c+ rating in a research note on Wednesday, May 8th. Zacks Investment Research upgraded Honda Motor from a sell rating to a hold rating in a report on Friday, May 10th. ValuEngine upgraded Honda Motor from a strong sell rating to a sell rating in a report on Wednesday, May 1st. Finally, Deutsche Bank upgraded Honda Motor from a hold rating to a buy rating in a report on Tuesday, June 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. Honda Motor currently has an average rating of Hold and a consensus target price of $31.00.

Honda Motor Company Profile

Honda Motor Co, Ltd. develops, manufactures, and distributes motorcycles, automobiles, power products, and other products worldwide. The company operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Power Product and Other Businesses. The Motorcycle Business segment produces sports models, including trial and moto-cross racing vehicles; business and commuter models; all-terrain vehicles; and side-by-side models.

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Earnings History and Estimates for Honda Motor (NYSE:HMC)

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