Toray Industries (OTCMKTS:TRYIY) Releases Quarterly Earnings Results, Beats Estimates By $0.07 EPS

Toray Industries (OTCMKTS:TRYIY) posted its quarterly earnings results on Thursday. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.07, Zacks reports. Toray Industries had a net margin of 3.48% and a return on equity of 4.82%. The business had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.03 billion.

Toray Industries Stock Up 5.3%

TRYIY stock traded up $0.87 during trading hours on Friday, hitting $17.23. The company’s stock had a trading volume of 19,020 shares, compared to its average volume of 29,744. 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 capitalization of $12.96 billion, a PE ratio of 21.01 and a beta of 0.50. Toray Industries has a 12 month low of $11.70 and a 12 month high of $17.51. The stock has a 50 day moving average price of $14.35 and a two-hundred day moving average price of $14.63.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Toray Industries to a “hold” rating in a research note on Tuesday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Toray Industries currently has an average rating of “Buy”.

About Toray Industries

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.