Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY – Get Free Report) shares gapped down prior to trading on Tuesday following a weaker than expected earnings announcement. The stock had previously closed at $5.36, but opened at $4.95. Kawasaki Heavy Industries shares last traded at $4.97, with a volume of 111,849 shares changing hands.
The industrial products company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). The business had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.49 billion.
Wall Street Analyst Weigh In
Separately, Sanford C. Bernstein started coverage on shares of Kawasaki Heavy Industries in a research note on Tuesday, September 15th. They set a “hold” rating for the company. Three analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.
Kawasaki Heavy Industries Price Performance
The firm has a market cap of $10.90 billion, a price-to-earnings ratio of 19.12 and a beta of 0.95. The company has a current ratio of 1.16, a quick ratio of 0.70 and a debt-to-equity ratio of 0.38. The stock has a 50-day moving average of $5.81 and a two-hundred day moving average of $15.62.
Kawasaki Heavy Industries Company Profile
Kawasaki Heavy Industries, Ltd. is a Japanese industrial manufacturer with roots in shipbuilding. Founded by Shozo Kawasaki in 1896, the company has expanded into a range of transportation, machinery, and energy-related businesses.
Its products and services include aircraft and aircraft engines, helicopters, railway vehicles, ships and marine equipment, gas turbines and other energy systems, industrial robots, and hydraulic machinery. The company also makes motorcycles, personal watercraft, all-terrain vehicles, and general-purpose engines.
Kawasaki serves customers in Japan and international markets through its businesses in aerospace, rolling stock, energy and marine engineering, precision machinery and robotics, and powersports.
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