|Bid||28.81 x 1300|
|Ask||28.82 x 1000|
|Day's range||28.78 - 28.86|
|52-week range||22.87 - 30.12|
|Beta (3Y monthly)||1.27|
|PE ratio (TTM)||4.98|
|Forward dividend & yield||1.05 (3.65%)|
|1y target est||31.58|
The Zacks Analyst Blog Highlights: Toyota Motor, Honda Motor, Nissan Motor, Tesla and Advance Auto Parts
While Japan's 1 carmaker Toyota (TM) misses fiscal second-quarter 2020 earnings estimates, its top peer Honda (HMC) surpasses the same.
The Zacks Analyst Blog Highlights: Booking, Allergan, Honda Motor, Infosys and Activision Blizzard
While 2030 has been earmarked as the breakthrough year for autonomous vehicles, several industry leaders believe self-driving cars remain little more than a pipedream
While Honda (HMC) beats fiscal second-quarter 2020 earnings and sales estimates, it narrows view for the full year amid sluggish global vehicle demand.
Honda Motor Co slashed its annual profit and global sales outlook to a four-year low, citing a firmer yen and bleak business in both India and its main market of North America, even as it unveiled plans to buy back $915 million shares. The dour outlook comes at a time when Honda is struggling to shore up its automobile operations, with its profitability down more than half in the past two years due to a series of quality-related issues constraining its financial firepower to invest in new vehicle technologies. Honda said it had also been hit by an almost 20% slide in motorcycle sales over the six months to September in India.
While strong performance of the North American market buoys General Motors (GM) and Ford's (F) Q3 results, Tesla (TSLA) gains from rising Model 3 deliveries.
Hitachi Ltd will merge its vehicle components unit with Honda's three suppliers in a bid to cut development costs and better respond to a rapid industry shift to electric vehicles (EV) and self-driving. Honda's bigger rival Toyota Motor Corp announced last month it would raise its stake in Subaru Corp to more than 20%. Toyota has also been cementing ties with smaller rivals such as Suzuki Motor Corp and Mazda Motor Corp , which have acknowledged that they lack the investment firepower to invest in developing new vehicle technologies.
Japanese carmaker Honda has brought forward a goal to only sell electric and hybrid cars in Europe by three years to 2022, a leading company executive said on Wednesday. Last month, Honda said it would phase out all diesel vehicle sales in Europe by 2021 in favour of electrified vehicles. Gardner made the announcement in Amsterdam, where Honda was presenting the new fully-electric Jazz model for the European market.
As global automakers race to put long-range electric vehicles on highways amid stricter emission laws, Japanese rivals are taking a niche approach and steering towards cheaper, pint-sized runabouts to make costly battery technology more accessible. At the Tokyo Motor Show that starts on Thursday, Toyota Motor, Nissan and others are due to show prototypes of one- and two-seater electric vehicles (EVs) designed for short distances with limited top speeds. Toyota's new, ultra-compact BEV seats two people and has a top speed of just 60 kilometres (37 miles) per hour and a range of 100 kilometres on a single charge.
Tesla reported its Q3 deliveries of 97,000—a record. Tesla's deliveries fell short of expectations of 98,000, leading its stock to slide 5% after hours.
Ford's Q3 2019 US sales came in at 580,251 units for a 4.9% YoY decline. Wall Street analysts expected a 6.1% decline in Ford’s Q3 sales figures.
In Europe, Honda Motors plans to stop selling diesel cars by 2021, and only sell electric and hybrid cars by 2025. Tesla also sells its cars in Europe.
For Honda, declining demand for diesel vehicles and tougher emissions regulations have clouded its manufacturing prospects in Europe. Honda said in February it would close its only British car plant in 2021 with the loss of up to 3,500 jobs.
While near-term headwinds in the form of high expenses and drab sales outlook remain, Honda's (HMC) initiatives look promising enough to bolster long-term prospects.