FY2023 EPS Estimates for Toyota Motor Co. (NYSE:TM) Raised by Analyst

Toyota Motor Co. (NYSE:TMGet Rating) – Research analysts at Jefferies Financial Group upped their FY2023 earnings per share (EPS) estimates for Toyota Motor in a research note issued to investors on Tuesday, January 17th. Jefferies Financial Group analyst T. Nakanishi now expects that the company will earn $14.41 per share for the year, up from their prior forecast of $14.29. The consensus estimate for Toyota Motor’s current full-year earnings is $14.16 per share.

Toyota Motor (NYSE:TMGet Rating) last released its quarterly earnings data on Tuesday, November 1st. The company reported $2.30 earnings per share for the quarter, missing analysts’ consensus estimates of $3.08 by ($0.78). The business had revenue of $66.77 billion during the quarter, compared to the consensus estimate of $63.08 billion. Toyota Motor had a return on equity of 9.11% and a net margin of 7.54%.

A number of other equities analysts have also commented on the company. TheStreet lowered Toyota Motor from a “b” rating to a “c” rating in a research note on Tuesday, November 1st. UBS Group lowered Toyota Motor from a “buy” rating to a “neutral” rating in a research note on Thursday, October 6th. StockNews.com began coverage on Toyota Motor in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Finally, Citigroup lowered Toyota Motor from a “buy” rating to a “neutral” rating in a research note on Thursday, October 13th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $1,239.71.

Toyota Motor Stock Performance

NYSE TM opened at $146.11 on Friday. The firm has a market cap of $204.26 billion, a price-to-earnings ratio of 9.87, a price-to-earnings-growth ratio of 1.38 and a beta of 0.60. The company has a quick ratio of 0.89, a current ratio of 1.06 and a debt-to-equity ratio of 0.60. The business has a 50-day moving average price of $141.67 and a 200-day moving average price of $144.93. Toyota Motor has a twelve month low of $130.07 and a twelve month high of $203.95.

Institutional Investors Weigh In On Toyota Motor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TM. Fisher Asset Management LLC raised its position in Toyota Motor by 2.8% during the third quarter. Fisher Asset Management LLC now owns 5,453,865 shares of the company’s stock valued at $710,584,000 after purchasing an additional 150,587 shares during the period. Bank of America Corp DE raised its position in Toyota Motor by 14.5% during the first quarter. Bank of America Corp DE now owns 996,578 shares of the company’s stock valued at $179,634,000 after purchasing an additional 126,407 shares during the period. First Trust Advisors LP raised its position in Toyota Motor by 17.6% during the third quarter. First Trust Advisors LP now owns 446,158 shares of the company’s stock valued at $58,130,000 after purchasing an additional 66,837 shares during the period. OLD Mission Capital LLC raised its position in Toyota Motor by 594.6% during the second quarter. OLD Mission Capital LLC now owns 67,165 shares of the company’s stock valued at $10,355,000 after purchasing an additional 57,495 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Toyota Motor by 7.4% in the second quarter. Goldman Sachs Group Inc. now owns 830,242 shares of the company’s stock worth $127,998,000 after buying an additional 57,478 shares during the period.

About Toyota Motor

(Get Rating)

Toyota Motor Corporation designs, manufactures, assembles, and sells passenger vehicles, minivans and commercial vehicles, and related parts and accessories. It operates in Automotive, Financial Services, and All Other segments. The company offers hybrid cars under the Prius name, fuel cell vehicles under the MIRAI name; and conventional engine vehicles, including subcompact and compact cars under the Corolla and Raize names.

Further Reading

Earnings History and Estimates for Toyota Motor (NYSE:TM)

Receive News & Ratings for Toyota Motor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toyota Motor and related companies with MarketBeat.com's FREE daily email newsletter.