Disco (OTCMKTS:DSCSY) Announces Earnings Results, Beats Estimates By $0.03 EPS

Disco (OTCMKTS:DSCSY) announced its quarterly earnings data on Thursday. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.03, Zacks reports. Disco had a return on equity of 28.36% and a net margin of 32.04%.

Disco Trading Down 8.6 %

OTCMKTS DSCSY traded down $1.71 during trading hours on Thursday, reaching $18.10. The company’s stock had a trading volume of 136,478 shares, compared to its average volume of 254,886. The business has a 50-day simple moving average of $23.62 and a 200 day simple moving average of $26.26. Disco has a 52 week low of $16.10 and a 52 week high of $42.93. The stock has a market cap of $19.62 billion, a PE ratio of 24.79 and a beta of 1.23.

Analysts Set New Price Targets

Separately, Nomura Securities raised shares of Disco to a “hold” rating in a report on Friday, February 21st.

About Disco

Disco Corporation manufactures and sells precision cutting, grinding, and polishing machines in Japan and internationally. Its precision machines include dicing saws, laser saws, grinders, polishers, wafer mounters, die separators, surface planers, and waterjet saws. The company also offers precision processing tools, such as dicing blades, grinding wheels, and dry polishing wheels; and other products, such as accessory equipment.