Obayashi (OTCMKTS:OBYCF) Shares Gap Down After Earnings Miss

Obayashi Corporation (OTCMKTS:OBYCF)’s share price gapped down prior to trading on Wednesday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $24.12, but opened at $22.82. Obayashi shares last traded at $22.82, with a volume of 533 shares changing hands.

The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.01). Obayashi had a return on equity of 9.60% and a net margin of 7.06%.

Obayashi Price Performance

The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.19 and a current ratio of 1.24. The business has a 50-day simple moving average of $24.21 and a 200 day simple moving average of $22.66. The firm has a market cap of $16.13 billion, a P/E ratio of 13.27 and a beta of 0.21.

Obayashi Company Profile

Obayashi Corporation is a leading Japan‐based general contractor specializing in large‐scale construction and civil engineering projects. The company’s core operations encompass the design, construction and maintenance of infrastructure such as roads, bridges, tunnels, railways and airports, as well as high-rise commercial and residential buildings, industrial facilities and energy plants. Obayashi also offers development planning and consulting services, leveraging in-house expertise in project management, environmental engineering and safety compliance.

Founded in 1892 and headquartered in Osaka, Obayashi has evolved from a regional builder into a global construction group.