Obayashi (OTCMKTS:OBYCF) Shares Gap Down After Earnings Miss

Obayashi Corporation (OTCMKTS:OBYCF)’s stock price gapped down before the market opened on Wednesday following a weaker than expected earnings announcement. The stock had previously closed at $24.12, but opened at $22.82. Obayashi shares last traded at $22.82, with a volume of 533 shares trading hands.

The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.01). Obayashi had a return on equity of 9.60% and a net margin of 7.06%.

Obayashi Trading Down 4.9%

The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.19 and a current ratio of 1.24. The firm has a 50-day moving average of $24.21 and a 200-day moving average of $22.66. The firm has a market capitalization of $16.13 billion, a P/E ratio of 13.27 and a beta of 0.21.

About Obayashi

Obayashi Corporation is a leading Japan?based general contractor specializing in large?scale construction and civil engineering projects. The company’s core operations encompass the design, construction and maintenance of infrastructure such as roads, bridges, tunnels, railways and airports, as well as high-rise commercial and residential buildings, industrial facilities and energy plants. Obayashi also offers development planning and consulting services, leveraging in-house expertise in project management, environmental engineering and safety compliance.

Founded in 1892 and headquartered in Osaka, Obayashi has evolved from a regional builder into a global construction group.