Kawasaki Heavy Industries (OTCMKTS:KWHIY – Get Free Report) released 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%.
Kawasaki Heavy Industries Trading Down 2.1%
Shares of KWHIY stock traded down $0.15 during trading hours on Friday, hitting $7.10. 115,880 shares of the company were exchanged, compared to its average volume of 281,713. The firm has a fifty day moving average of $7.11 and a 200 day moving average of $20.71. The company has a quick ratio of 0.73, a current ratio of 1.15 and a debt-to-equity ratio of 0.38. Kawasaki Heavy Industries has a 1 year low of $4.67 and a 1 year high of $9.73. The firm has a market cap of $15.57 billion, a PE ratio of 20.52 and a beta of 0.75.
Wall Street Analysts Forecast Growth
Separately, The Goldman Sachs Group lowered shares of Kawasaki Heavy Industries from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 12th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.
Kawasaki Heavy Industries Company Profile
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.
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