Daikin Industries (OTCMKTS:DKILY) Lowered to Hold Rating by Jefferies Financial Group

Jefferies Financial Group cut shares of Daikin Industries (OTCMKTS:DKILY) from a strong-buy rating to a hold rating in a report issued on Monday,Zacks.com reports.

Daikin Industries Stock Down 0.9%

OTCMKTS DKILY opened at $14.28 on Monday. The company has a 50 day moving average of $13.79 and a 200-day moving average of $12.97. The company has a market cap of $41.86 billion, a price-to-earnings ratio of 23.03, a PEG ratio of 1.59 and a beta of 0.95. The company has a current ratio of 1.95, a quick ratio of 1.23 and a debt-to-equity ratio of 0.14. Daikin Industries has a 1-year low of $10.80 and a 1-year high of $16.43.

Daikin Industries (OTCMKTS:DKILY) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. The business had revenue of $8.56 billion for the quarter, compared to analysts’ expectations of $7.82 billion. Daikin Industries had a net margin of 5.51% and a return on equity of 9.10%. On average, equities research analysts expect that Daikin Industries will post 0.65 earnings per share for the current fiscal year.

Daikin Industries Company Profile

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.