Horiba (OTCMKTS:HRIBF) Announces Earnings Results

Horiba (OTCMKTS:HRIBF) announced its quarterly earnings results on Friday. The company reported $2.01 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.73, Zacks reports. Horiba had a net margin of 10.87% and a return on equity of 12.08%. The business had revenue of $586.15 million during the quarter, compared to analyst estimates of $549.25 million.

Horiba Price Performance

Shares of OTCMKTS HRIBF opened at $162.47 on Friday. The stock has a market capitalization of $6.82 billion, a P/E ratio of 24.65 and a beta of 0.24. The company has a 50-day moving average price of $160.54 and a 200-day moving average price of $138.60. Horiba has a 1 year low of $73.11 and a 1 year high of $166.67. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.94 and a quick ratio of 2.11.

About Horiba

Horiba Ltd. is a diversified manufacturer specializing in precision instruments for measurement, analysis and process control. The company’s product portfolio spans a broad spectrum of industries, including automotive testing, environmental monitoring, semiconductor process engineering and medical diagnostics. By leveraging advanced sensing technologies and software integration, Horiba enables customers to obtain reliable data for research, development, compliance and quality assurance purposes.

In the automotive sector, Horiba offers dynamometers, emission measurement systems and powertrain testing equipment that help manufacturers and regulatory agencies evaluate fuel efficiency and exhaust emissions.