Kawasaki Heavy Industries (OTCMKTS:KWHIY) Posts Earnings Results, Misses Expectations By $0.02 EPS

Kawasaki Heavy Industries (OTCMKTS:KWHIY) released its quarterly earnings results on Friday. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02), Zacks reports. Kawasaki Heavy Industries had a return on equity of 13.40% and a net margin of 4.74%.

Kawasaki Heavy Industries Price Performance

KWHIY traded down $0.15 during midday trading on Friday, reaching $7.10. 115,880 shares of the company’s stock were exchanged, compared to its average volume of 281,713. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.15 and a quick ratio of 0.73. The business’s 50-day moving average price is $7.11 and its 200 day moving average price is $20.71. Kawasaki Heavy Industries has a 1-year low of $4.67 and a 1-year high of $9.73. The stock has a market capitalization of $15.57 billion, a PE ratio of 20.52 and a beta of 0.75.

Analyst Ratings Changes

Separately, The Goldman Sachs Group downgraded shares of Kawasaki Heavy Industries from a “buy” rating to a “neutral” rating in a report on Tuesday, May 12th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

About Kawasaki Heavy Industries

Kawasaki Heavy Industries, Ltd. (OTCMKTS: KWHIY) is a diversified Japanese conglomerate with core operations in shipbuilding, rolling stock, industrial machinery, aerospace and energy systems. The company traces its roots to 1896 when founder Shozo Kawasaki established a shipyard in Kobe, Japan. Today, the firm is headquartered in Kobe and Tokyo and is recognized as one of the world’s leading manufacturers of heavy equipment and engineering solutions.

In its marine division, Kawasaki Heavy Industries designs and constructs a broad range of vessels including LNG carriers, container ships and offshore support platforms.