Kawasaki Heavy Industries (OTCMKTS:KWHIY) Announces Quarterly Earnings Results, Beats Estimates By $0.40 EPS

Kawasaki Heavy Industries (OTCMKTS:KWHIY) issued its earnings results on Monday. The industrial products company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.40, Zacks reports. The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.79 billion. Kawasaki Heavy Industries had a return on equity of 12.50% and a net margin of 4.26%.

Kawasaki Heavy Industries Stock Up 5.6%

OTCMKTS:KWHIY traded up $2.50 during trading hours on Tuesday, reaching $47.46. The company’s stock had a trading volume of 110,540 shares, compared to its average volume of 43,173. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.14 and a quick ratio of 0.66. The company has a market cap of $19.88 billion, a price-to-earnings ratio of 31.02 and a beta of 0.69. Kawasaki Heavy Industries has a one year low of $16.63 and a one year high of $48.55. The business’s 50-day moving average is $31.29 and its 200-day moving average is $28.66.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Kawasaki Heavy Industries from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy”.

Kawasaki Heavy Industries Company Profile

Kawasaki Heavy Industries, Ltd. (OTCMKTS: KWHIY) is a diversified Japanese conglomerate with core operations in shipbuilding, rolling stock, industrial machinery, aerospace and energy systems. The company traces its roots to 1896 when founder Shozo Kawasaki established a shipyard in Kobe, Japan. Today, the firm is headquartered in Kobe and Tokyo and is recognized as one of the world’s leading manufacturers of heavy equipment and engineering solutions.

In its marine division, Kawasaki Heavy Industries designs and constructs a broad range of vessels including LNG carriers, container ships and offshore support platforms.