Toray Industries (TRYIY) Expected to Release Quarterly Earnings on Friday

Toray Industries (OTCMKTS:TRYIY) is expected to be posting its results after the market closes on Friday, August 14th. Analysts expect the company to announce earnings of $0.2035 per share and revenue of $4.0336 billion for the quarter.

Toray Industries (OTCMKTS:TRYIY) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.07. Toray Industries had a return on equity of 4.82% and a net margin of 3.48%.The business had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.03 billion. On average, analysts expect Toray Industries to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Toray Industries Stock Performance

TRYIY opened at $17.16 on Thursday. Toray Industries has a 52-week low of $11.70 and a 52-week high of $17.51. The company has a quick ratio of 1.15, a current ratio of 1.78 and a debt-to-equity ratio of 0.27. The company has a market cap of $12.91 billion, a P/E ratio of 20.93 and a beta of 0.50. The firm’s 50-day moving average price is $14.53 and its 200-day moving average price is $14.70.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Toray Industries to a “hold” rating in a research report on Tuesday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy”.

Toray Industries Company Profile

Toray Industries, Inc is a global leader in advanced materials and chemical technologies, headquartered in Tokyo, Japan. The company’s core operations span five business segments: fibers & textiles, performance chemicals, carbon fiber composite materials, environment & engineering, and life sciences. Toray serves a diverse range of industries, including automotive, aerospace, electronics, construction, healthcare and water treatment, leveraging its material innovation to meet evolving market demands.

In the fibers & textiles division, Toray develops synthetic fibers and high-performance fabrics for applications such as apparel, industrial materials and automotive interiors.