Daikin Industries (OTCMKTS:DKILY – Get Free Report) saw strong trading volume on Thursday . Approximately 204,628 shares were traded during mid-day trading, a decline of 36% from the previous session’s volume of 321,370 shares.The stock last traded at $14.95 and had previously closed at $14.55.
Wall Street Analysts Forecast Growth
Separately, Jefferies Financial Group cut shares of 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, Based on data from MarketBeat.com, Daikin Industries currently has an average rating of “Hold”.
Get Our Latest Report on DKILY
Daikin Industries Trading Up 1.9%
Daikin Industries (OTCMKTS:DKILY – Get Free Report) last issued its earnings results on Tuesday, May 12th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.04. The business had revenue of $8.56 billion for the quarter, compared to analyst estimates of $7.82 billion. Daikin Industries had a return on equity of 8.95% and a net margin of 5.51%. As a group, research analysts forecast that Daikin Industries will post 0.65 EPS for the current fiscal year.
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.
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