Daikin Industries (OTCMKTS:DKILY) Releases Earnings Results, Beats Expectations By $0.03 EPS

Daikin Industries (OTCMKTS:DKILY) announced its earnings results on Tuesday. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03, Zacks reports. The company had revenue of $8.56 billion for the quarter, compared to analyst estimates of $7.82 billion. Daikin Industries had a return on equity of 9.00% and a net margin of 5.69%.

Daikin Industries Stock Up 3.4%

Shares of Daikin Industries stock opened at $15.99 on Wednesday. The stock’s fifty day moving average is $12.97 and its 200-day moving average is $12.67. The firm has a market capitalization of $46.87 billion, a PE ratio of 25.79, a price-to-earnings-growth ratio of 2.91 and a beta of 0.96. 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 has a 12-month low of $10.66 and a 12-month high of $16.34.

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.