Daikin Industries (OTCMKTS:DKILY – Get Free Report) was downgraded by investment analysts at Jefferies Financial Group from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.
Daikin Industries Stock Down 0.9%
DKILY stock opened at $14.28 on Monday. The company has a market cap of $41.86 billion, a PE ratio of 23.03, a price-to-earnings-growth ratio of 1.59 and a beta of 0.95. The business has a 50-day simple moving average of $13.79 and a 200 day simple moving average of $12.97. Daikin Industries has a 52 week low of $10.80 and a 52 week high of $16.43. The company has a quick ratio of 1.23, a current ratio of 1.95 and a debt-to-equity ratio of 0.14.
Daikin Industries (OTCMKTS:DKILY – Get Free Report) last posted its quarterly earnings results on Tuesday, May 12th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. The business had revenue of $8.56 billion during the quarter, compared to the consensus estimate of $7.82 billion. Daikin Industries had a return on equity of 9.10% and a net margin of 5.51%. Sell-side analysts anticipate that Daikin Industries will post 0.65 EPS for the current fiscal year.
About Daikin Industries
Daikin Industries is a Japanese multinational manufacturer best known for its heating, ventilation and air conditioning (HVAC) systems and related products. Headquartered in Osaka, the company designs, manufactures and sells a broad range of climate-control equipment for residential, commercial and industrial applications. Its portfolio spans wall‑mounted and packaged air conditioners, rooftop units, chillers, heat pumps, compressors, air purifiers and controls, as well as associated spare parts and aftermarket services.
In addition to finished HVAC systems, Daikin produces refrigerants and fluorochemical products used across the cooling industry, and it develops compressors and heat-exchange technologies that underpin its product lines.
Featured Articles
- Five stocks we like better than Daikin Industries
- Tomato Prices Are Spiking, and These 2 Food Stocks Could Feel the Squeeze
- Marvell Stock Soars on NVIDIA’s Trillion-Dollar Nod
- FirstCash Turns Pawn Into a Growth Machine
- HubSpot Just Crushed the Bear Case—Is a Bigger Rally Ahead?
Receive News & Ratings for Daikin Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Daikin Industries and related companies with MarketBeat.com's FREE daily email newsletter.
