Toyota Motor (NYSE:TM – Get Rating) updated its earnings guidance for fiscal year 2023 on Wednesday. The company provided earnings guidance of $1.43 to $1.43 per share for the period. The company released revenue forecasts of $286.96 billion to $286.96 billion.
A number of analysts have recently released reports on the stock. Jefferies Financial Group downgraded shares of Toyota Motor from a buy rating to a hold rating in a Thursday, April 7 research rating. StockNews.com began covering Toyota Motor stocks in a research note on Thursday, March 31. They issued a holding note for the company. Three investment analysts gave the stock a hold rating and two gave the company a buy rating. According to MarketBeat, the company currently has an average rating of Hold and a consensus target price of $182.50.
Shares of Toyota Motor opened at $159.98 on Wednesday. Toyota Motor has a one-year low of $155.05 and a one-year high of $213.74. The company has a debt ratio of 0.56, a quick ratio of 0.91 and a current ratio of 1.09. The company has a market capitalization of $223.65 billion, a PE ratio of 8.73, a P/E/G ratio of 0.39 and a beta of 0.49. The company has a 50-day simple moving average of $170.87 and a two-hundred-day simple moving average of $181.72.
Toyota Motor Inc (NYSE:TM – Get Rating) last released quarterly earnings data on Wednesday, May 11. The company reported earnings per share (EPS) of $3.34 for the quarter, beating the consensus estimate of $2.40 by $0.94. Toyota Motor had a net margin of 9.11% and a return on equity of 10.96%. The company posted revenue of $69.82 billion for the quarter, versus a consensus estimate of $68.20 billion. On average, stock analysts predict Toyota Motor will post earnings per share of 18.42 for the current fiscal year.
Hedge funds and other institutional investors have recently changed their stock holdings. Advisors Asset Management Inc. increased its position in Toyota Motor by 57.7% in Q1. Advisors Asset Management Inc. now owns 4,684 shares of the company worth $844,000 after buying 1,713 additional shares in the last quarter. Geneos Wealth Management Inc. strengthened its position in Toyota Motor by 23.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 923 shares of the company worth $166,000 after purchasing an additional 176 shares in the last quarter. Captrust Financial Advisors increased its position in Toyota Motor by 10.5% in the first quarter. Captrust Financial Advisors now owns 24,877 shares of the company worth $4,484,000 after buying 2,362 additional shares in the last quarter. State Street Corp increased its position in Toyota Motor by 1.1% in the first quarter. State Street Corp now owns 116,945 shares of the company worth $21,079,000 after buying 1,312 more shares in the last quarter. Finally, United Capital Financial Advisers LLC strengthened its position in Toyota Motor by 6.6% in the 1st quarter. United Capital Financial Advisers LLC now owns 56,084 shares of the company worth $10,109,000 after purchasing an additional 3,485 shares last quarter. Hedge funds and other institutional investors own 1.20% of the company’s shares.
About Toyota Motor (Get an evaluation)
Toyota Motor Corporation designs, manufactures, assembles and sells passenger vehicles, minivans and utility vehicles, and related parts and accessories. It operates in automotive, financial services and all other segments. The company offers hybrid cars under the brands Prius, Prius PHV, C-HR, LC HV, ES HV, Camry, JPN TAXI, Avalon HV, Crown HV, Century HV, UX HV, Corolla SD, Corolla Sport, RAV4 HV, WG HV, RAV4 PHV, Highlander HV, Harrier HV, Sienna HV, UX EV, Corolla Cross HV and Yaris HV; fuel cell vehicles under the names MIRAI and SORA; and conventional engine vehicles, including subcompact and compact cars under the names Corolla, Yaris, Corolla Sport, Aqua, Passo, Roomy, Tank, Etios, Vios, AGYA, Rush, GLANZA, Urban Cruiser and Raize.
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