Denso (OTCMKTS:DNZOY) Posts Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Denso (OTCMKTS:DNZOY) issued its earnings results on Tuesday. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.04, reports. The firm had revenue of $12.24 billion during the quarter, compared to analysts’ expectations of $11.88 billion. Denso had a net margin of 4.92% and a return on equity of 6.84%.

Denso Trading Up 1.4%

DNZOY stock opened at $13.99 on Tuesday. Denso has a 52-week low of $10.96 and a 52-week high of $15.85. The company has a quick ratio of 1.16, a current ratio of 1.73 and a debt-to-equity ratio of 0.07. The firm has a market cap of $40.72 billion, a P/E ratio of 16.27 and a beta of 1.06. The company’s 50-day simple moving average is $13.63 and its 200-day simple moving average is $14.04.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Zacks Research raised shares of Denso from a “strong sell” rating to a “hold” rating in a report on Monday, January 26th. The Goldman Sachs Group cut Denso from a “strong-buy” rating to a “neutral” rating in a report on Wednesday, January 7th. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

About Denso

Denso Corporation (OTCMKTS: DNZOY) is a global supplier of automotive technology, systems and components headquartered in Kariya, Aichi Prefecture, Japan. The company designs, manufactures and supplies a wide range of parts and systems for original equipment manufacturers (OEMs) and the aftermarket. Denso’s offerings span thermal systems, powertrain control, electrification components, electronic modules, sensors and actuators, and vehicle safety and driver assistance technologies.

Key product areas include climate control and HVAC components, radiators and heat exchangers, engine and fuel-management systems, starters and alternators, electronic control units (ECUs), sensors, and a growing portfolio of electrification products such as inverters, battery-management systems and charging components.