Denso (OTCMKTS:DNZOY) Issues Earnings Results, Beats Expectations By $0.04 EPS

Denso (OTCMKTS:DNZOY) announced its earnings results on Tuesday. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04, reports. Denso had a net margin of 4.92% and a return on equity of 6.84%. The business had revenue of $12.24 billion during the quarter, compared to the consensus estimate of $11.88 billion.

Denso Stock Up 1.4%

Denso stock opened at $13.99 on Tuesday. The business’s 50-day simple moving average is $13.63 and its two-hundred day simple moving average is $14.04. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.16 and a current ratio of 1.73. The company has a market cap of $40.72 billion, a PE ratio of 16.27 and a beta of 1.06. Denso has a fifty-two week low of $10.96 and a fifty-two week high of $15.85.

Wall Street Analysts Forecast Growth

DNZOY has been the subject of several recent analyst reports. The Goldman Sachs Group lowered shares of Denso from a “strong-buy” rating to a “neutral” rating in a research note on Wednesday, January 7th. Zacks Research raised Denso from a “strong sell” rating to a “hold” rating in a research report on Monday, January 26th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

About Denso

Denso Corporation (OTCMKTS: DNZOY) is a global supplier of automotive technology, systems and components headquartered in Kariya, Aichi Prefecture, Japan. The company designs, manufactures and supplies a wide range of parts and systems for original equipment manufacturers (OEMs) and the aftermarket. Denso’s offerings span thermal systems, powertrain control, electrification components, electronic modules, sensors and actuators, and vehicle safety and driver assistance technologies.

Key product areas include climate control and HVAC components, radiators and heat exchangers, engine and fuel-management systems, starters and alternators, electronic control units (ECUs), sensors, and a growing portfolio of electrification products such as inverters, battery-management systems and charging components.