Mazda Motor (OTCMKTS:MZDAY) Issues Quarterly Earnings Results, Beats Estimates By $0.08 EPS

Mazda Motor (OTCMKTS:MZDAY) posted its earnings results on Monday. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.08, Zacks reports. The company had revenue of $8.72 billion for the quarter, compared to the consensus estimate of $1,304.72 billion. Mazda Motor had a return on equity of 8.67% and a net margin of 2.66%.

Mazda Motor Stock Performance

OTCMKTS MZDAY traded up $0.07 during trading hours on Tuesday, hitting $3.03. The company had a trading volume of 205,143 shares, compared to its average volume of 197,833. The business has a fifty day simple moving average of $3.09 and a 200-day simple moving average of $3.22. The firm has a market cap of $3.81 billion, a P/E ratio of 4.38 and a beta of 0.68. The company has a quick ratio of 0.98, a current ratio of 1.56 and a debt-to-equity ratio of 0.30. Mazda Motor has a fifty-two week low of $2.44 and a fifty-two week high of $5.35.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MZDAY. Daiwa America upgraded Mazda Motor to a “hold” rating in a research note on Wednesday, April 2nd. Sanford C. Bernstein raised Mazda Motor to a “strong sell” rating in a research note on Monday, April 14th.

About Mazda Motor

Mazda Motor Corporation engages in the manufacture and sale of passenger cars and commercial vehicles in Japan, China, North America, Europe, and internationally. The company was formerly known as Toyo Kogyo Co, Ltd. and changed its name to Mazda Motor Corporation in May 1984. Mazda Motor Corporation was incorporated in 1920 and is headquartered in Hiroshima, Japan.