Denso (OTCMKTS:DNZOY) Issues Earnings Results, Misses Expectations By $0.05 EPS

Denso (OTCMKTS:DNZOY) announced its quarterly earnings data on Thursday. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.05), reports. The firm had revenue of $12.20 billion during the quarter, compared to the consensus estimate of $11.99 billion. Denso had a net margin of 5.59% and a return on equity of 7.85%.

Denso Price Performance

Shares of DNZOY traded up $0.35 during midday trading on Thursday, hitting $11.77. 159,665 shares of the company traded hands, compared to its average volume of 162,234. Denso has a one year low of $11.17 and a one year high of $15.37. The firm has a market cap of $34.26 billion, a P/E ratio of 11.43 and a beta of 0.95. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.12 and a quick ratio of 1.44. The stock has a 50-day moving average of $11.92 and a 200-day moving average of $12.37.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Denso from a “strong sell” rating to a “hold” rating in a research note on Monday, October 12th. Three research analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Denso Company Profile

DENSO Corporation is a Japan-based global automotive supplier that develops and manufactures technologies and components for vehicle manufacturers and mobility customers. Its products support vehicle thermal management, electrification, powertrain systems, vehicle motion control, cockpit and connectivity functions, and advanced safety.

The company’s offerings include air-conditioning and refrigeration systems, compressors, alternators, starters, fuel-injection and engine-management components, electric motors, inverters, sensors, electronic control units, and driver-assistance technologies.