Daikin Industries (OTCMKTS:DKILY) Posts Earnings Results, Beats Expectations By $0.01 EPS

Daikin Industries (OTCMKTS:DKILY) announced its earnings results on Tuesday. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.01, Zacks reports. The firm had revenue of $9.05 billion during the quarter, compared to the consensus estimate of $8.41 billion. Daikin Industries had a net margin of 5.24% and a return on equity of 8.54%.

Daikin Industries Stock Performance

OTCMKTS DKILY traded down $0.13 during trading hours on Thursday, reaching $13.90. The company’s stock had a trading volume of 80,584 shares, compared to its average volume of 302,075. The company has a current ratio of 1.93, a quick ratio of 1.26 and a debt-to-equity ratio of 0.18. The business has a 50-day simple moving average of $14.87 and a 200 day simple moving average of $13.70. The stock has a market cap of $40.76 billion, a PE ratio of 22.79, a PEG ratio of 1.56 and a beta of 0.94. Daikin Industries has a 52 week low of $11.00 and a 52 week high of $16.43.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group cut Daikin Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, June 1st. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Daikin Industries Company Profile

Daikin Industries is a Japanese multinational manufacturer best known for its heating, ventilation and air conditioning (HVAC) systems and related products. Headquartered in Osaka, the company designs, manufactures and sells a broad range of climate-control equipment for residential, commercial and industrial applications. Its portfolio spans wall‑mounted and packaged air conditioners, rooftop units, chillers, heat pumps, compressors, air purifiers and controls, as well as associated spare parts and aftermarket services.

In addition to finished HVAC systems, Daikin produces refrigerants and fluorochemical products used across the cooling industry, and it develops compressors and heat-exchange technologies that underpin its product lines.