Denso (OTCMKTS:DNZOY) Issues Quarterly Earnings Results

Denso (OTCMKTS:DNZOY) issued its earnings results on Friday. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.04), Zacks reports. Denso had a net margin of 5.82% and a return on equity of 8.14%.

Denso Price Performance

Shares of Denso stock traded down $1.62 on Friday, hitting $12.24. The company’s stock had a trading volume of 94,920 shares, compared to its average volume of 180,846. The company has a quick ratio of 1.41, a current ratio of 2.09 and a debt-to-equity ratio of 0.10. The firm has a fifty day moving average price of $11.93 and a 200-day moving average price of $12.55. Denso has a 52-week low of $11.18 and a 52-week high of $15.85. The company has a market capitalization of $35.63 billion, a P/E ratio of 11.44 and a beta of 0.96.

Analysts Set New Price Targets

Separately, Citigroup lowered Denso from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Four analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Denso Company Profile

Denso Corporation (OTCMKTS: DNZOY) is a global supplier of automotive technology, systems and components headquartered in Kariya, Aichi Prefecture, Japan. The company designs, manufactures and supplies a wide range of parts and systems for original equipment manufacturers (OEMs) and the aftermarket. Denso’s offerings span thermal systems, powertrain control, electrification components, electronic modules, sensors and actuators, and vehicle safety and driver assistance technologies.

Key product areas include climate control and HVAC components, radiators and heat exchangers, engine and fuel-management systems, starters and alternators, electronic control units (ECUs), sensors, and a growing portfolio of electrification products such as inverters, battery-management systems and charging components.