Toray Industries (OTCMKTS:TRYIY – Get Free Report) released its earnings results on Thursday. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.07, Zacks reports. Toray Industries had a net margin of 3.06% and a return on equity of 4.22%. The business had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.03 billion.
Toray Industries Stock Up 4.6%
TRYIY traded up $0.76 during trading on Friday, hitting $17.12. 5,866 shares of the company’s stock were exchanged, compared to its average volume of 31,866. Toray Industries has a fifty-two week low of $11.70 and a fifty-two week high of $17.51. The stock has a market cap of $12.88 billion, a P/E ratio of 24.46 and a beta of 0.50. The business’s 50 day moving average is $14.30 and its two-hundred day moving average is $14.61. The company has a quick ratio of 1.15, a current ratio of 1.78 and a debt-to-equity ratio of 0.27.
Analyst Ratings Changes
Separately, Zacks Research upgraded Toray Industries to a “hold” rating in a report on Tuesday, June 16th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy”.
About Toray Industries
Toray Industries, Inc is a global leader in advanced materials and chemical technologies, headquartered in Tokyo, Japan. The company’s core operations span five business segments: fibers & textiles, performance chemicals, carbon fiber composite materials, environment & engineering, and life sciences. Toray serves a diverse range of industries, including automotive, aerospace, electronics, construction, healthcare and water treatment, leveraging its material innovation to meet evolving market demands.
In the fibers & textiles division, Toray develops synthetic fibers and high-performance fabrics for applications such as apparel, industrial materials and automotive interiors.
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