Denso (OTCMKTS:DNZOY) Releases Earnings Results, Misses Expectations By $0.04 EPS

Denso (OTCMKTS:DNZOY) issued its earnings results on Friday. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.04), Zacks reports. Denso had a net margin of 5.82% and a return on equity of 8.14%.

Denso Price Performance

OTCMKTS:DNZOY traded down $1.62 during mid-day trading on Friday, hitting $12.24. The company’s stock had a trading volume of 94,920 shares, compared to its average volume of 180,750. The company has a market capitalization of $35.63 billion, a price-to-earnings ratio of 11.44 and a beta of 0.96. The company has a current ratio of 2.09, a quick ratio of 1.41 and a debt-to-equity ratio of 0.10. Denso has a fifty-two week low of $11.18 and a fifty-two week high of $15.85. The stock has a fifty day moving average of $11.93 and a 200-day moving average of $12.55.

Wall Street Analysts Forecast Growth

Separately, Citigroup downgraded shares of Denso from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Denso Company Profile

Denso Corporation (OTCMKTS: DNZOY) is a global supplier of automotive technology, systems and components headquartered in Kariya, Aichi Prefecture, Japan. The company designs, manufactures and supplies a wide range of parts and systems for original equipment manufacturers (OEMs) and the aftermarket. Denso’s offerings span thermal systems, powertrain control, electrification components, electronic modules, sensors and actuators, and vehicle safety and driver assistance technologies.

Key product areas include climate control and HVAC components, radiators and heat exchangers, engine and fuel-management systems, starters and alternators, electronic control units (ECUs), sensors, and a growing portfolio of electrification products such as inverters, battery-management systems and charging components.