Honda First Quarter Results Strong, Eyes Higher Profit for Year

Andrew Cummings
August 2, 2017

977,297 shares of the company were exchanged. The stock now has an average rating of "Hold" and an average target price of $34.50.

Honda Motor (NYSE:HMC) last issued its earnings results on Tuesday, August 1st. The company reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.21 by $0.26.

Consolidated profit before income taxes for the fiscal first quarter amounted to 335.0 billion yen, an increase of 16.1 percent compared to the same period a year ago. The stock of Honda Motor Co Ltd (ADR) (NYSE:HMC) earned "Outperform" rating by Macquarie Research on Saturday, February 4.

Honda's North America sales were down 7.6% during its first quarter that ended in June, but that was offset by an increase of 10.8% in sales across Asia, including in China, where the automaker believes will be its top market starting this year. Its profit was 616.5 billion yen in the previous year. The correct version of this piece can be viewed at https://www.com-unik.info/2017/08/01/analysts-offer-predictions-for-honda-motor-company-ltd-s-q2-2018-earnings-hmc-updated-updated.html.


TRADEMARK VIOLATION NOTICE: This article was published by Markets Daily and is the property of of Markets Daily. If you are viewing this story on another domain, it was stolen and republished in violation of United States and global trademark and copyright law.

Several other research firms have also issued reports on HMC. Zacks Investment Research lowered Honda Motor Company from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 4th. Finally, BidaskClub cut shares of Honda Motor from a "sell" rating to a "strong sell" rating in a research note on Thursday, June 22nd.

Honda Motor Company, Ltd. was upgraded to "neutral" by analysts at Instinet. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. The company presently has an average rating of "Hold" and a consensus target price of $33.59.

01/30/2017 - Honda Motor Company, Ltd. had its " rating reiterated by analysts at Jefferies. Honda Motor Company, Ltd. has a 52-week low of 27.05 and a 52-week high of 32.17. The company has market cap of $51.93 billion.


Honda Motor Company, Ltd. has a 50 day moving average of 27.61 and a 200 day moving average of 29.20.

A number of large investors have recently modified their holdings of the company.

Honda Motor Company (NYSE:HMC) pays an annual dividend of Community Ranking: with a yield of 2.62% and an average dividend growth of -9.20% based on a 3 Year Average.

Toyota reported its "strongest month of the year so far" with a sales increase of 3.6 percent - the lone company to report a jump among the top six companies in the US auto market.


Other reports by iNewsToday

FOLLOW OUR NEWSPAPER