Honda Motor (NYSE:HMC) Updates FY 2020 Earnings Guidance

Honda Motor (NYSE:HMC) issued an update on its FY 2020 earnings guidance on Friday morning. The company provided earnings per share guidance of $3.33-3.33 for the period. The company issued revenue guidance of $142.27272727273-142.27272727273 billion.Honda Motor also updated its FY20 guidance to JPY 366.6 EPS.

Shares of Honda Motor stock traded down $0.36 during midday trading on Friday, reaching $24.46. 522,136 shares of the company’s stock traded hands, compared to its average volume of 535,979. The stock has a market capitalization of $44.14 billion, a P/E ratio of 7.84, a price-to-earnings-growth ratio of 1.04 and a beta of 0.98. The firm has a 50 day moving average of $25.88. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.96 and a current ratio of 1.23. Honda Motor has a 52 week low of $24.32 and a 52 week high of $31.04.

Honda Motor (NYSE:HMC) last released its quarterly earnings results on Friday, August 2nd. The company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.08). The business had revenue of $36.36 billion for the quarter, compared to the consensus estimate of $36.46 billion. Honda Motor had a net margin of 3.92% and a return on equity of 6.97%. As a group, research analysts expect that Honda Motor will post 3.52 EPS for the current year.

HMC has been the topic of a number of recent research reports. TheStreet downgraded shares of Honda Motor from a b rating to a c+ rating in a report on Wednesday, May 8th. UBS Group downgraded shares of Honda Motor from a buy rating to a neutral rating in a report on Wednesday, June 19th. ValuEngine upgraded shares of Honda Motor from a strong sell rating to a sell rating in a report on Wednesday, May 1st. Zacks Investment Research upgraded shares of Honda Motor from a sell rating to a hold rating in a report on Friday, May 10th. Finally, Deutsche Bank upgraded shares of 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 issued a hold rating and two have assigned a buy rating to the company. Honda Motor has an average rating of Hold and a consensus price target 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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