Hoya (OTCMKTS:HOCPY) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Hoya (OTCMKTS:HOCPY) released its earnings results on Friday. The technology company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.05, Zacks reports. The company had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.67 billion. Hoya had a net margin of 27.58% and a return on equity of 25.78%.

Hoya Price Performance

Shares of OTCMKTS HOCPY opened at $165.34 on Friday. The company has a current ratio of 4.91, a quick ratio of 4.20 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $55.36 billion, a price-to-earnings ratio of 32.80, a price-to-earnings-growth ratio of 3.48 and a beta of 0.97. Hoya has a twelve month low of $140.90 and a twelve month high of $190.18. The business has a 50 day simple moving average of $155.28 and a 200-day simple moving average of $166.07.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Hoya from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating. According to MarketBeat, the company has a consensus rating of “Strong Buy”.

About Hoya

HOYA Corporation is a Japan-based technology and healthcare company that develops and manufactures optical products and precision components. Founded in 1941 as an optical glass manufacturer, the company has expanded into medical devices, vision care, and advanced technologies used in semiconductor production and other industrial applications.

Through its Life Care businesses, HOYA provides prescription eyeglass lenses, contact lenses, intraocular lenses used in cataract surgery, and medical equipment such as endoscopic systems.