Kawasaki Heavy Industries (OTCMKTS:KWHIY) Posts Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Kawasaki Heavy Industries (OTCMKTS:KWHIYGet Free Report) posted its quarterly earnings results on Friday. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.02), Zacks reports. Kawasaki Heavy Industries had a return on equity of 13.40% and a net margin of 4.74%.The firm had revenue of $3.44 billion for the quarter, compared to analysts’ expectations of $3.33 billion.

Kawasaki Heavy Industries Price Performance

KWHIY stock traded down $0.15 during trading on Friday, reaching $7.10. 115,880 shares of the company were exchanged, compared to its average volume of 300,326. The company has a market cap of $15.57 billion, a P/E ratio of 20.52 and a beta of 0.75. Kawasaki Heavy Industries has a 52-week low of $4.67 and a 52-week high of $9.73. The stock’s 50 day moving average price is $7.09 and its 200 day moving average price is $20.62. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.73 and a current ratio of 1.15.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group downgraded Kawasaki Heavy Industries from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 12th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Check Out Our Latest Analysis on KWHIY

About Kawasaki Heavy Industries

(Get Free Report)

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.

See Also

Earnings History for Kawasaki Heavy Industries (OTCMKTS:KWHIY)

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