Horiba (OTCMKTS:HRIBF) Announces Quarterly Earnings Results, Beats Expectations By $0.73 EPS

Horiba (OTCMKTS:HRIBF) announced its quarterly earnings results on Friday. The company reported $2.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.73, Zacks reports. The business had revenue of $586.15 million during the quarter, compared to the consensus estimate of $525.21 million. Horiba had a return on equity of 12.08% and a net margin of 10.87%.

Horiba Price Performance

HRIBF opened at $162.47 on Friday. Horiba has a 1 year low of $73.11 and a 1 year high of $166.67. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.94 and a quick ratio of 2.11. The company has a market capitalization of $6.82 billion, a price-to-earnings ratio of 27.54 and a beta of 0.24. The firm’s fifty day moving average price is $160.54 and its two-hundred day moving average price is $138.34.

About Horiba

Horiba Ltd. is a diversified manufacturer specializing in precision instruments for measurement, analysis and process control. The company’s product portfolio spans a broad spectrum of industries, including automotive testing, environmental monitoring, semiconductor process engineering and medical diagnostics. By leveraging advanced sensing technologies and software integration, Horiba enables customers to obtain reliable data for research, development, compliance and quality assurance purposes.

In the automotive sector, Horiba offers dynamometers, emission measurement systems and powertrain testing equipment that help manufacturers and regulatory agencies evaluate fuel efficiency and exhaust emissions.