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

Kawasaki Heavy Industries (OTCMKTS:KWHIY) released its quarterly earnings data on Tuesday. The industrial products company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02), reports. The firm had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.49 billion.

Kawasaki Heavy Industries Stock Performance

Shares of KWHIY traded down $0.44 during mid-day trading on Tuesday, hitting $4.92. The stock had a trading volume of 328,261 shares, compared to its average volume of 298,162. The firm has a market cap of $10.79 billion, a P/E ratio of 18.92 and a beta of 0.95. The business has a fifty day moving average price of $5.81 and a 200-day moving average price of $15.62. Kawasaki Heavy Industries has a 52 week low of $4.87 and a 52 week high of $9.73. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.16 and a quick ratio of 0.70.

Analyst Upgrades and Downgrades

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

About Kawasaki Heavy Industries

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.

Kawasaki serves customers in Japan and international markets through its businesses in aerospace, rolling stock, energy and marine engineering, precision machinery and robotics, and powersports.