Honda Motor Co Ltd (ADR) (HMC) reported quarterly earnings results on Tuesday, Aug-2-2016. The company said it had a profit of $96.93 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $22.10. Analysts had a consensus of $74.83. The company posted revenue of $3471700.00 million in the period, compared to analysts expectations of $3452868.31 million. The company’s revenue was down -6.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $103.22 EPS.
Many Wall Street Analysts have commented on Honda Motor Co Ltd (ADR). Honda Motor Co Ltd (ADR) was Downgraded by BofA/Merrill to ” Neutral” on May 31, 2016. Honda Motor Co Ltd (ADR) was Downgraded by Nomura to ” Reduce” on May 13, 2016. Honda Motor Co Ltd (ADR) was Downgraded by Credit Agricole to ” Underperform” on May 13, 2016.
Honda Motor Co Ltd (ADR) opened for trading at $27.24 and hit $27.29 on the upside on Friday, eventually ending the session at $27.12, with a gain of 0.48% or 0.13 points. The heightened volatility saw the trading volume jump to 7,31,782 shares. Company has a market cap of $48,878 M.
Honda Motor Co. Ltd. (Honda) develops produces and manufactures a range of motor products ranging from small general-purpose engines and scooters to specialty sports cars. The Company has four segments: motorcycle business automobile business financial services business and power product and other businesses. Honda’s motorcycle business segment offers motorcycle line including sports (including trial and moto-cross racing) business and commuter models. Its automobile business segment offers passenger cars light trucks and mini vehicles. The Company’s financial services business segment offers retail lending leasing to customers and other financial services such as wholesale financing to dealers. Its power product and other businesses segment manufactures a power products including tillers portable generators general-purpose engines grass cutters outboard marine engines water pumps snow throwers power carriers power sprayers lawn mowers and lawn tractors.