Denso (OTCMKTS:DNZOY) Issues Earnings Results, Misses Expectations By $0.05 EPS

Denso (OTCMKTS:DNZOY) posted its quarterly earnings results on Wednesday. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.05), reports. Denso had a net margin of 5.59% and a return on equity of 7.85%. The business had revenue of $12.20 billion during the quarter, compared to analyst estimates of $11.99 billion.

Denso Price Performance

DNZOY traded up $0.27 during midday trading on Friday, reaching $11.69. 40,313 shares of the company’s stock were exchanged, compared to its average volume of 163,139. Denso has a 1-year low of $11.17 and a 1-year high of $15.37. The stock has a market capitalization of $34.03 billion, a PE ratio of 11.35 and a beta of 0.95. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.12 and a quick ratio of 1.44. The business’s 50-day moving average price is $11.92 and its 200 day moving average price is $12.35.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Denso from a “strong sell” rating to a “hold” rating in a report on Monday, October 12th. Three equities research analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the company has an average rating of “Hold”.

Denso Company Profile

DENSO Corporation is a Japan-based global automotive supplier that develops and manufactures technologies and components for vehicle manufacturers and mobility customers. Its products support vehicle thermal management, electrification, powertrain systems, vehicle motion control, cockpit and connectivity functions, and advanced safety.

The company’s offerings include air-conditioning and refrigeration systems, compressors, alternators, starters, fuel-injection and engine-management components, electric motors, inverters, sensors, electronic control units, and driver-assistance technologies.