Daiwa Securities Group (OTCMKTS:DSEEY) Posts Earnings Results, Misses Estimates By $0.01 EPS

Daiwa Securities Group (OTCMKTS:DSEEY) issued its quarterly earnings results on Friday. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01), Zacks reports. The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $1.37 billion. Daiwa Securities Group had a return on equity of 8.39% and a net margin of 12.72%.

Daiwa Securities Group Stock Down 5.8%

DSEEY opened at $10.63 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.48. Daiwa Securities Group has a 52 week low of $7.44 and a 52 week high of $12.58. The stock has a market cap of $15.04 billion, a PE ratio of 11.43 and a beta of 0.52. The business’s fifty day simple moving average is $11.43 and its 200 day simple moving average is $10.43.

About Daiwa Securities Group

Daiwa Securities Group Inc is a Japanese financial services holding company headquartered in Tokyo. Through its subsidiaries, the group provides securities and investment services to individual, corporate and institutional clients, with activities spanning brokerage, investment banking, asset management and wealth management.

The group’s businesses include retail securities brokerage, equity and fixed-income underwriting, mergers and acquisitions advisory, sales and trading, research, and investment management.