Toray Industries (TRYIY) Projected to Post Quarterly Earnings on Friday

Toray Industries (OTCMKTS:TRYIY) is expected to post its results after the market closes on Friday, August 14th. Analysts expect the company to post 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 EPS 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 during the quarter, compared to analysts’ expectations 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 Up 0.1%

OTCMKTS TRYIY opened at $17.23 on Wednesday. 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 capitalization of $12.96 billion, a P/E ratio of 21.01 and a beta of 0.50. The stock’s 50-day moving average price is $14.47 and its 200-day moving average price is $14.68.

Wall Street Analysts Forecast Growth

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