Denso (OTCMKTS:DNZOY) Issues Quarterly Earnings Results

Denso (OTCMKTS:DNZOY) issued its quarterly earnings results on Friday. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.04), Zacks reports. Denso had a return on equity of 8.14% and a net margin of 5.82%.

Denso Stock Performance

Shares of DNZOY traded down $1.62 during trading hours on Friday, reaching $12.24. 94,920 shares of the company traded hands, compared to its average volume of 180,750. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.41 and a current ratio of 2.09. The stock’s fifty day moving average is $11.93 and its 200 day moving average is $12.55. Denso has a 1-year low of $11.18 and a 1-year high of $15.85. The stock has a market cap of $35.63 billion, a P/E ratio of 11.44 and a beta of 0.96.

Analyst Upgrades and Downgrades

Separately, Citigroup cut Denso from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Denso presently has an average rating of “Hold”.

About Denso

Denso Corporation (OTCMKTS: DNZOY) is a global supplier of automotive technology, systems and components headquartered in Kariya, Aichi Prefecture, Japan. The company designs, manufactures and supplies a wide range of parts and systems for original equipment manufacturers (OEMs) and the aftermarket. Denso’s offerings span thermal systems, powertrain control, electrification components, electronic modules, sensors and actuators, and vehicle safety and driver assistance technologies.

Key product areas include climate control and HVAC components, radiators and heat exchangers, engine and fuel-management systems, starters and alternators, electronic control units (ECUs), sensors, and a growing portfolio of electrification products such as inverters, battery-management systems and charging components.