Kawasaki Heavy Industries (OTCMKTS:KWHIY) Shares Down 6.7% After Earnings Miss

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY)’s share price fell 6.7% on Wednesday following a dissappointing earnings announcement. The stock traded as low as $4.98 and last traded at $5.00. Approximately 4,241 shares were traded during trading, a decline of 99% from the average session volume of 300,401 shares. The stock had previously closed at $5.36.

The industrial products company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01). The company had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.45 billion.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein began coverage on shares of Kawasaki Heavy Industries in a research report on Tuesday, September 15th. They issued a “hold” rating on the stock. Three investment analysts have rated the stock with a Hold rating. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Kawasaki Heavy Industries Stock Down 6.9%

The firm has a fifty day moving average of $5.78 and a 200-day moving average of $15.47. The company has a quick ratio of 0.70, a current ratio of 1.16 and a debt-to-equity ratio of 0.38. The firm has a market cap of $10.94 billion, a P/E ratio of 19.19 and a beta of 0.95.

Kawasaki Heavy Industries Company Profile

Kawasaki Heavy Industries, Ltd. is a Japanese industrial manufacturer with roots in shipbuilding. Founded by Shozo Kawasaki in 1896, the company has expanded into a range of transportation, machinery, and energy-related businesses. Its products and services include aircraft and aircraft engines, helicopters, railway vehicles, ships and marine equipment, gas turbines and other energy systems, industrial robots, and hydraulic machinery. The company also makes motorcycles, personal watercraft, all-terrain vehicles, and general-purpose engines.