Kawasaki Heavy Industries (OTCMKTS:KWHIY) Posts Earnings Results, Beats Expectations By $0.40 EPS

Kawasaki Heavy Industries (OTCMKTS:KWHIY) issued its quarterly earnings data on Monday. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.40, Zacks reports. Kawasaki Heavy Industries had a return on equity of 12.50% and a net margin of 4.26%.The business had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.79 billion.

Kawasaki Heavy Industries Trading Up 5.8%

Shares of OTCMKTS:KWHIY traded up $2.61 on Tuesday, hitting $47.57. The company had a trading volume of 110,540 shares, compared to its average volume of 43,079. The firm’s 50-day simple moving average is $31.29 and its two-hundred day simple moving average is $28.66. The firm has a market capitalization of $19.92 billion, a price-to-earnings ratio of 31.09 and a beta of 0.69. The company has a quick ratio of 0.66, a current ratio of 1.14 and a debt-to-equity ratio of 0.47. Kawasaki Heavy Industries has a 1 year low of $16.63 and a 1 year high of $48.55.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Kawasaki Heavy Industries from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

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.