Daikin Industries (OTCMKTS:DKILY – Get Free Report) released its earnings results on Tuesday. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01, Zacks reports. The business had revenue of $9.05 billion during the quarter, compared to analysts’ expectations of $8.41 billion. Daikin Industries had a net margin of 5.51% and a return on equity of 8.95%.
Daikin Industries Stock Performance
Shares of Daikin Industries stock opened at $14.11 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.26 and a current ratio of 1.93. The business’s 50 day moving average price is $14.88 and its 200 day moving average price is $13.68. The company has a market cap of $41.36 billion, a price-to-earnings ratio of 22.76, a PEG ratio of 1.62 and a beta of 0.94. Daikin Industries has a one year low of $11.00 and a one year high of $16.43.
Wall Street Analysts Forecast Growth
Separately, Jefferies Financial Group lowered Daikin Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 1st. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.
About Daikin Industries
Daikin Industries is a Japanese multinational manufacturer best known for its heating, ventilation and air conditioning (HVAC) systems and related products. Headquartered in Osaka, the company designs, manufactures and sells a broad range of climate-control equipment for residential, commercial and industrial applications. Its portfolio spans wall‑mounted and packaged air conditioners, rooftop units, chillers, heat pumps, compressors, air purifiers and controls, as well as associated spare parts and aftermarket services.
In addition to finished HVAC systems, Daikin produces refrigerants and fluorochemical products used across the cooling industry, and it develops compressors and heat-exchange technologies that underpin its product lines.
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