Shares of Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY – Get Free Report) gapped down before the market opened on Monday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $7.25, but opened at $6.79. Kawasaki Heavy Industries shares last traded at $6.81, with a volume of 8,068 shares trading hands.
The industrial products company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.02). Kawasaki Heavy Industries had a return on equity of 13.40% and a net margin of 4.74%.The company had revenue of $3.44 billion during the quarter, compared to analysts’ expectations of $3.33 billion.
Analyst Ratings Changes
Separately, The Goldman Sachs Group downgraded shares of Kawasaki Heavy Industries from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 12th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.
Kawasaki Heavy Industries Trading Down 6.1%
The company has a quick ratio of 0.73, a current ratio of 1.15 and a debt-to-equity ratio of 0.38. The stock’s 50 day moving average is $7.09 and its two-hundred day moving average is $20.51. The company has a market capitalization of $14.93 billion, a PE ratio of 19.46 and a beta of 0.75.
About Kawasaki Heavy Industries
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.
Further Reading
- Five stocks we like better than Kawasaki Heavy Industries
- Is Monster Beverage’s Best-Case Scenario Already Priced Into the Stock?
- Symbotic’s Q3 Profit Inflection Signals Underrated Growth Story
- Build Dividend Income at Low Cost With These ETFs
- 3 Major Earnings Winners You May Have Missed
Receive News & Ratings for Kawasaki Heavy Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kawasaki Heavy Industries and related companies with MarketBeat.com's FREE daily email newsletter.
