Kawasaki Heavy Industries (OTCMKTS:KWHIY) Posts Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Kawasaki Heavy Industries (OTCMKTS:KWHIY) announced its quarterly earnings results on Friday. The industrial products company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02), Zacks reports. Kawasaki Heavy Industries had a return on equity of 13.40% and a net margin of 4.74%.

Kawasaki Heavy Industries Price Performance

Shares of OTCMKTS KWHIY traded down $0.15 during mid-day trading on Friday, reaching $7.10. 115,880 shares of the company traded hands, compared to its average volume of 281,713. The firm has a market cap of $15.57 billion, a PE ratio of 20.52 and a beta of 0.75. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.15 and a quick ratio of 0.73. Kawasaki Heavy Industries has a fifty-two week low of $4.67 and a fifty-two week high of $9.73. The stock has a fifty day simple moving average of $7.11 and a 200-day simple moving average of $20.71.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group downgraded Kawasaki Heavy Industries from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 12th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold”.

About Kawasaki Heavy Industries

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.