Hoya (OTCMKTS:HOCPY) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Hoya (OTCMKTS:HOCPY) announced its earnings results on Friday. The technology company reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.05, Zacks reports. Hoya had a return on equity of 25.78% and a net margin of 27.58%.

Hoya Price Performance

Shares of OTCMKTS HOCPY traded down $2.19 during midday trading on Friday, hitting $165.34. The stock had a trading volume of 27,343 shares, compared to its average volume of 39,042. The stock has a 50 day simple moving average of $155.12 and a 200-day simple moving average of $166.06. Hoya has a 1 year low of $140.90 and a 1 year high of $190.18. The company has a quick ratio of 4.20, a current ratio of 4.91 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $55.36 billion, a PE ratio of 32.80, a P/E/G ratio of 3.51 and a beta of 0.97.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Hoya from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 30th. One analyst has rated the stock with a Strong Buy rating. Based on data from MarketBeat.com, the company has an average rating of “Strong Buy”.

Hoya Company Profile

HOYA Corporation is a Japan-based technology and healthcare company that develops and manufactures optical products and precision components. Founded in 1941 as an optical glass manufacturer, the company has expanded into medical devices, vision care, and advanced technologies used in semiconductor production and other industrial applications.

Through its Life Care businesses, HOYA provides prescription eyeglass lenses, contact lenses, intraocular lenses used in cataract surgery, and medical equipment such as endoscopic systems.