Honda Motor (NYSE:HMC) Sets New 52-Week Low on Disappointing Earnings

Honda Motor Co Ltd (NYSE:HMC)’s stock price reached a new 52-week low during trading on Friday following a dissappointing earnings announcement. The company traded as low as $24.40 and last traded at $24.40, with a volume of 879 shares traded. The stock had previously closed at $24.82.

The company reported $0.89 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.97 by ($0.08). Honda Motor had a return on equity of 6.97% and a net margin of 3.92%. The firm had revenue of $36.36 billion during the quarter, compared to the consensus estimate of $36.46 billion.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Horan Capital Advisors LLC. purchased a new position in Honda Motor during the 1st quarter valued at $27,000. Flagship Harbor Advisors LLC boosted its holdings in Honda Motor by 262.4% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 1,098 shares of the company’s stock valued at $28,000 after acquiring an additional 795 shares during the period. Cullen Frost Bankers Inc. boosted its holdings in Honda Motor by 86.5% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 1,143 shares of the company’s stock valued at $30,000 after acquiring an additional 530 shares during the period. Truvestments Capital LLC purchased a new position in Honda Motor during the 1st quarter valued at $31,000. Finally, Covenant Multifamily Offices LLC purchased a new position in Honda Motor during the 1st quarter valued at $33,000. 2.07% of the stock is currently owned by hedge funds and other institutional investors.

The stock’s fifty day simple moving average is $25.88. The company has a current ratio of 1.23, a quick ratio of 0.96 and a debt-to-equity ratio of 0.48. The firm has a market cap of $44.24 billion, a P/E ratio of 7.84, a PEG ratio of 1.04 and a beta of 0.98.

About Honda Motor (NYSE:HMC)

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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