TDK (TTDKY) to Announce Earnings on Friday

TDK (OTCMKTS:TTDKY) is expected to be releasing its resultson Friday, July 31st. Analysts expect the company to post earnings of $0.16 per share and revenue of $3.95 billion for the quarter.

TDK (OTCMKTS:TTDKY) last released its quarterly earnings data on Tuesday, April 28th. The technology company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.05). The business had revenue of $4.05 billion during the quarter, compared to analysts’ expectations of $3.83 billion. TDK had a net margin of 7.87% and a return on equity of 10.01%. On average, analysts expect TDK to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

TDK Price Performance

TTDKY stock opened at $17.93 on Wednesday. The business has a 50 day moving average price of $22.01 and a 200 day moving average price of $17.30. The stock has a market cap of $34.85 billion, a price-to-earnings ratio of 25.99, a PEG ratio of 1.32 and a beta of 1.28. TDK has a fifty-two week low of $11.69 and a fifty-two week high of $26.73. The company has a quick ratio of 1.18, a current ratio of 1.53 and a debt-to-equity ratio of 0.16.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of TDK from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

About TDK

TDK Corporation, founded in Japan in 1935, is a multinational electronics company that develops, manufactures and sells a broad range of electronic materials, components and systems. The company traces its origins to work on ferrite materials for magnetic applications and has since expanded into multiple product lines that serve the electronics industry worldwide. TDK is headquartered in Tokyo and operates through a network of manufacturing, research and sales facilities across Asia, Europe and the Americas.

TDK’s product portfolio includes passive components such as multilayer ceramic capacitors (MLCCs), film capacitors, inductors and ferrite cores; magnetic heads and related magnetic materials; sensor and sensor systems including MEMS-based motion sensors and other sensing devices; and power electronics including power supplies and modules.