Honda temporarily cutting production at all U.S., Canada plants

Honda unterbricht die Arbeit für 1 Woche

  • Honda (NYSE:HMC) will suspend production for a week at a majority of its U.S. and Canada auto plants due to supply chain issues, Reuters reports.
  • A company spokesperson cites the impact from COVID-19, the microchip shortage, congestion at various ports and severe winter weather over recent weeks as reasons for the suspension for the week starting March 22.
  • The volume of vehicles affected is not clear, but Honda says "purchasing and production teams are working to limit the impact of this situation."
  • Honda typically produces ~30K vehicles per week in the U.S. and Canada.
  • The chip shortage has hurt most of the global automakers, including General Motors , which has cut production at several plants and warned the shortage could knock as much as $2B from this year's earnings.

    Over the current book year the total revenue from the company in Minato-Ku will be 113.85 billion USD (consensus estimates). This is quite lower than 2020's revenue of 14931.01 billion USD.

    Historical revenues and results Honda Motor Company plus estimates 2020

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    The analysts expect for 2021 a net profit of 4.13 billion USD. According to most of the analysts the company will have a profit per share for this book year of 2.38 USD. Based on this the price/earnings-ratio is 13.38.

    Per share the analysts expect a dividend of 81 cents per share. Honda Motor Company 's dividend yield thus equals 2.54 percent. The average dividend yield of the airline companies equals a low 0.12 percent.

    Honda Motor Company 's market capitalization is based on the number of outstanding shares around 56.04 billion USD. The Honda Motor Company stock was the past 12 months quite volatile. Since last March the stock is even 58 percent higher. This year the stock price moved between 19 and 32 dollar.

    Historical stock prices Honda Motor Company

    fundamental data hondamotorcompany

    Click here for dividend Honda Motor Company. At 17.28 the stock trades 3.01 percent lower at 31.85 USD.

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