Yamaha Motor Co., Ltd. Forecasted to Earn Q3 2018 Earnings of $0.62 Per Share (YAMHF)

Yamaha Motor Co., Ltd. (OTCMKTS:YAMHF) – Jefferies Financial Group lowered their Q3 2018 earnings estimates for Yamaha Motor in a report issued on Wednesday, September 26th, according to Zacks Investment Research. Jefferies Financial Group analyst T. Nakanishi now forecasts that the company will earn $0.62 per share for the quarter, down from their previous estimate of $0.63. Jefferies Financial Group also issued estimates for Yamaha Motor’s FY2018 earnings at $2.69 EPS and FY2019 earnings at $2.92 EPS.

Several other brokerages have also commented on YAMHF. ValuEngine lowered shares of Yamaha Motor from a “hold” rating to a “sell” rating in a research note on Friday, June 22nd. Zacks Investment Research upgraded shares of Yamaha Motor from a “sell” rating to a “hold” rating in a research note on Wednesday, September 12th.

Yamaha Motor stock traded down $2.30 during mid-day trading on Thursday, hitting $25.37. The company had a trading volume of 1,040 shares, compared to its average volume of 361. The firm has a market capitalization of $9.87 billion, a P/E ratio of 9.54, a P/E/G ratio of 2.10 and a beta of 1.05. Yamaha Motor has a 1 year low of $24.53 and a 1 year high of $34.43.

Yamaha Motor (OTCMKTS:YAMHF) last issued its earnings results on Wednesday, August 8th. The company reported $0.66 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.16). The company had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $4.30 billion.

About Yamaha Motor

Yamaha Motor Co, Ltd., together with its subsidiaries, develops, produces, and sells motorcycles, marine products, power products, and industrial machinery and robots, and other products in Japan, North America, Europe, other Asian countries, and internationally. It offers commuter vehicles; recreational vehicles comprising all-terrain vehicles, off-highway vehicles, and snowmobiles; and cruising, fishing, and wakeboard towing boats.

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