Denso (OTCMKTS:DNZOY – Get Free Report) released its quarterly earnings results on Wednesday. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.05), reports. The firm had revenue of $12.20 billion during the quarter, compared to the consensus estimate of $11.99 billion. Denso had a net margin of 5.59% and a return on equity of 7.85%.
Denso Stock Performance
Shares of DNZOY traded down $0.09 during mid-day trading on Friday, reaching $11.63. The company’s stock had a trading volume of 54,585 shares, compared to its average volume of 162,510. The stock has a market cap of $33.85 billion, a P/E ratio of 11.29 and a beta of 0.95. The business has a 50-day simple moving average of $11.92 and a two-hundred day simple moving average of $12.35. Denso has a 1-year low of $11.17 and a 1-year high of $14.98. The company has a current ratio of 2.12, a quick ratio of 1.44 and a debt-to-equity ratio of 0.19.
Wall Street Analysts Forecast Growth
Separately, Zacks Research upgraded shares of Denso from a “strong sell” rating to a “hold” rating in a research report on Monday, October 12th. Three analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.
Check Out Our Latest Stock Report on Denso
Denso Company Profile
DENSO Corporation is a Japan-based global automotive supplier that develops and manufactures technologies and components for vehicle manufacturers and mobility customers. Its products support vehicle thermal management, electrification, powertrain systems, vehicle motion control, cockpit and connectivity functions, and advanced safety.
The company’s offerings include air-conditioning and refrigeration systems, compressors, alternators, starters, fuel-injection and engine-management components, electric motors, inverters, sensors, electronic control units, and driver-assistance technologies.
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