On Jun 26, 2014, we issued an updated research report on
Toyota Motor Corporation
The automaker posted consolidated net income of ¥1.82 trillion
($17.7 billion) for fourth-quarter fiscal 2014 (ending Mar 31,
2014), surging from ¥962.1 billion ($10.5 billion) in the year-ago
quarter. Consolidated revenues in the quarter escalated 12.6% year
over year to ¥6.57 trillion ($63.8 billion). Unit sales augmented
4.1% to 2.33 million units.
There are numerous factors working in favor of Toyota, including
its leading position in terms of global vehicle sales, rising cash
flows, increased focus on product development, efforts to increase
capacity, expansion in the emerging markets and the new share
repurchase program. Moreover, Toyota plays a pivotal role in the
global market for environment-friendly vehicles.
However, Toyota's weak fiscal 2015 guidance and a string of
product recalls are headwinds.The automaker's net earnings are
expected to drop 2.4% to ¥1.78 trillion ($17.8 billion) or ¥$561.56
($5.62) per share in fiscal 2015. Consolidated vehicle sales are
also expected to fall to 9.10 million units from 9.12 million in
fiscal 2014. Consolidated revenues are estimated to be ¥25.7
trillion ($257 billion), in line with fiscal 2014.
The Zacks Consensus Estimate for Toyota's fiscal 2015 earnings
per share is $11.91, which implies a 5.21% increase from fiscal
Toyota currently carries a Zacks Rank #4 (Sell).
Other Stocks to Consider
Some better-ranked automobile stocks worth considering include
Fox Factory Holding Corp
Tower International, Inc.
). All these stocks sport a Zacks Rank #1 (Strong Buy).
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TOYOTA MOTOR CP (TM): Free Stock Analysis
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