Daikin Industries (DKILY) Projected to Post Earnings on Tuesday

Daikin Industries (OTCMKTS:DKILY) is expected to be posting its resultson Tuesday, August 4th. Analysts expect Daikin Industries to post earnings of $0.17 per share and revenue of $8.4114 billion for the quarter.

Daikin Industries (OTCMKTS:DKILY) last announced its earnings results on Tuesday, May 12th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. Daikin Industries had a net margin of 5.51% and a return on equity of 8.95%. The business had revenue of $8.56 billion during the quarter, compared to the consensus estimate of $7.82 billion. On average, analysts expect Daikin Industries to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Daikin Industries Stock Performance

Shares of DKILY opened at $14.62 on Tuesday. The company has a quick ratio of 1.26, a current ratio of 1.93 and a debt-to-equity ratio of 0.18. The business’s 50 day moving average price is $14.94 and its 200-day moving average price is $13.60. Daikin Industries has a 52 week low of $11.00 and a 52 week high of $16.43. The stock has a market cap of $42.85 billion, a P/E ratio of 23.58, a P/E/G ratio of 1.61 and a beta of 0.95.

Wall Street Analyst Weigh In

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

About Daikin Industries

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.