Denso (OTCMKTS:DNZOY) Issues Earnings Results, Misses Expectations By $0.04 EPS

Denso (OTCMKTS:DNZOY) released its quarterly earnings data on Thursday. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.04), Zacks reports. The company had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $11.42 billion. Denso had a net margin of 5.82% and a return on equity of 8.14%.

Denso Stock Down 11.7%

OTCMKTS:DNZOY traded down $1.62 during mid-day trading on Friday, reaching $12.24. The company’s stock had a trading volume of 94,920 shares, compared to its average volume of 104,597. The company has a quick ratio of 1.41, a current ratio of 2.09 and a debt-to-equity ratio of 0.10. Denso has a 1 year low of $11.18 and a 1 year high of $15.85. The stock has a fifty day moving average of $11.95 and a 200-day moving average of $12.55. The firm has a market capitalization of $35.63 billion, a PE ratio of 11.44 and a beta of 0.96.

Analysts Set New Price Targets

Separately, Citigroup downgraded shares of Denso from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Denso currently has a consensus rating of “Hold”.

Denso Company Profile

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.