Denso (OTCMKTS:DNZOY) Posts Quarterly Earnings Results

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

Denso Price Performance

Shares of OTCMKTS DNZOY traded up $0.35 during mid-day trading on Thursday, reaching $11.77. 120,283 shares of the company traded hands, compared to its average volume of 162,234. Denso has a fifty-two week low of $11.17 and a fifty-two week high of $15.37. 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 firm has a market cap of $34.28 billion, a PE ratio of 11.43 and a beta of 0.95. The stock has a fifty day simple moving average of $11.92 and a 200-day simple moving average of $12.37.

Analysts Set New Price Targets

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