Honda Motor Co Ltd (ADR) (HMC) Releases FY14 Earnings Guidance

Honda Motor Co Ltd (ADR) (NYSE:HMC) updated its FY14 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of JPY330.14 for the period, compared to the Thomson Reuters consensus estimate of $321.03, American Banking and Market News reports. The company issued revenue guidance of JPY12750000, compared to the consensus revenue estimate of $11937.86 billion.

Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. downgraded shares of Honda Motor Co Ltd (ADR) from an overweight rating to a neutral rating in a research note on Friday. On a related note, analysts at Morgan Stanley downgraded shares of Honda Motor Co Ltd (ADR) from an outperform rating to a neutral rating in a research note on Wednesday, April 16th. Finally, analysts at Mitsubishi UFJ Morgan Stanley downgraded shares of Honda Motor Co Ltd (ADR) from an outperform rating to a neutral rating in a research note on Wednesday, April 16th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Honda Motor Co Ltd (ADR) presently has an average rating of Hold and a consensus price target of $40.49.

Honda Motor Co Ltd (NYSE:HMC) opened at 33.03 on Friday. Honda Motor Co Ltd has a 52 week low of $32.85 and a 52 week high of $42.96. The stock has a 50-day moving average of $34.83 and a 200-day moving average of $38.33. The company has a market cap of $59.530 billion and a price-to-earnings ratio of 9.96. Honda Motor Co Ltd (ADR) also was the target of a large increase in short interest during the month of January. As of April 15th, there was short interest totalling 2,166,036 shares, an increase of 64.5% from the March 31st total of 1,317,128 shares. Based on an average daily trading volume, of 1,422,573 shares, the short-interest ratio is presently 1.5 days. Approximately 0.0% of the shares of the company are sold short.

Honda Motor Co Ltd (ADR) (NYSE:HMC) last released its earnings data on Friday, April 25th. The company reported $94.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $88.01 by $6.60. The company had revenue of $3,097.20 billion for the quarter, compared to the consensus estimate of $3,220.42 billion. The company’s revenue for the quarter was up 3.2% on a year-over-year basis.

Honda Motor Co, Ltd. (NYSE:HMC) develops, produces and manufactures a variety of motor products, ranging from small general-purpose engines and scooters to specialty sports cars.

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