TDK (OTCMKTS:TTDKY) Releases Earnings Results, Beats Expectations By $0.05 EPS

TDK (OTCMKTS:TTDKY) released its quarterly earnings results on Friday. The technology company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.05, Zacks reports. TDK had a return on equity of 9.15% and a net margin of 7.87%.

TDK Stock Performance

TTDKY stock traded down $0.93 during midday trading on Friday, hitting $16.58. 134,070 shares of the company traded hands, compared to its average volume of 245,771. The stock has a market capitalization of $32.23 billion, a price-to-earnings ratio of 24.38, a price-to-earnings-growth ratio of 0.90 and a beta of 1.36. The business has a 50 day simple moving average of $18.90 and a 200-day simple moving average of $17.87. TDK has a twelve month low of $11.91 and a twelve month high of $26.73. The company has a quick ratio of 1.11, a current ratio of 1.47 and a debt-to-equity ratio of 0.15.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of TDK from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 20th. Two analysts have rated the stock with a Strong Buy rating. According to MarketBeat.com, the stock has an average rating of “Strong Buy”.

About TDK

TDK Corporation is a Japanese electronics company that develops and manufactures electronic components, materials and systems for consumer electronics, automotive, communications, industrial and energy-related applications. The company’s products include passive components such as capacitors and inductors, magnetic materials and components, sensors, power supplies, electronic modules and rechargeable batteries.

TDK is also active in energy storage through its lithium-ion and other battery technologies, which are used in mobile devices, electric vehicles, industrial equipment and energy-storage applications.