Zacks Investment Research Lowers Yamaha Motor (YAMHF) to Sell
Zacks Investment Research lowered shares of Yamaha Motor (OTCMKTS:YAMHF) from a hold rating to a sell rating in a research report sent to investors on Friday.
According to Zacks, “Yamaha Motor Co., Ltd. engages in the manufacture and sale of motorcycles, automotive engine and transportation equipment. Its operating segment consists of Motorcycles, Marine Products, Power Products, Industrial Machinery and Robots and Others. Motorcycles segment includes motorcycles and knockdown parts for overseas production. Marine Products segment consists of outboard motors, personal watercraft, pleasure-use boats, fiberglass-reinforced plastic pools, fishing boats, utility boats and diesel engines. Power Products segment comprises of all-terrain vehicles, side-by-side vehicles, snowmobiles, golf cars, generators, small-sized snow throwers and multipurpose engines. Industrial Machinery and Robots segment covers electric actuators. Others segment includes surface mounters, automotive engines, electrically powered wheelchairs and industrial unmanned helicopters. Yamaha Motor Co., Ltd. is headquartered in Iwata, Japan. “
Separately, ValuEngine lowered shares of Yamaha Motor from a sell rating to a strong sell rating in a research note on Wednesday, August 15th.
Yamaha Motor (OTCMKTS:YAMHF) last posted its earnings results on Wednesday, October 31st. The company reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.02. The company had revenue of $3.68 billion during the quarter, compared to analyst estimates of $3.93 billion. On average, sell-side analysts expect that Yamaha Motor will post 2.51 EPS for the current fiscal year.
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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