Kawasaki Heavy Industries (OTCMKTS:KWHIY) Releases Quarterly Earnings Results, Beats Expectations By $0.40 EPS

Kawasaki Heavy Industries (OTCMKTS:KWHIY) released its earnings results on Monday. The industrial products company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.40, Zacks reports. Kawasaki Heavy Industries had a net margin of 4.26% and a return on equity of 12.50%. The company had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.79 billion.

Kawasaki Heavy Industries Trading Up 5.8%

Shares of OTCMKTS:KWHIY traded up $2.61 on Tuesday, hitting $47.57. 110,540 shares of the company’s stock were exchanged, compared to its average volume of 43,079. The stock has a market capitalization of $19.92 billion, a price-to-earnings ratio of 31.09 and a beta of 0.69. Kawasaki Heavy Industries has a 12 month low of $16.63 and a 12 month high of $48.55. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.14 and a quick ratio of 0.66. The business’s 50 day simple moving average is $31.29 and its two-hundred day simple moving average is $28.66.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Kawasaki Heavy Industries from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Kawasaki Heavy Industries Company Profile

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.