Daikin Industries (OTCMKTS:DKILY) Cut to “Hold” at Jefferies Financial Group

Daikin Industries (OTCMKTS:DKILY) was downgraded by Jefferies Financial Group from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Daikin Industries Trading Down 0.9%

Shares of Daikin Industries stock opened at $14.28 on Monday. Daikin Industries has a 1 year low of $10.80 and a 1 year high of $16.43. The firm has a market cap of $41.86 billion, a PE ratio of 23.03, a P/E/G ratio of 1.59 and a beta of 0.95. The stock has a fifty day moving average price of $13.79 and a 200-day moving average price of $12.97. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.95 and a quick ratio of 1.23.

Daikin Industries (OTCMKTS:DKILY) last announced its earnings results on Tuesday, May 12th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.04. Daikin Industries had a return on equity of 9.10% and a net margin of 5.51%.The firm had revenue of $8.56 billion during the quarter, compared to analyst estimates of $7.82 billion. Equities research analysts anticipate that Daikin Industries will post 0.65 EPS for the current year.

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.