TDK (OTCMKTS:TTDKY) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS

TDK (OTCMKTS:TTDKY) posted its quarterly earnings results on Friday. The technology company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.27 by $0.05, Zacks reports. TDK had a return on equity of 9.15% and a net margin of 7.87%. The business had revenue of $5.19 billion during the quarter, compared to analysts’ expectations of $5.11 billion.

TDK Stock Down 5.0%

Shares of OTCMKTS TTDKY opened at $16.64 on Friday. The stock has a market capitalization of $32.35 billion, a price-to-earnings ratio of 22.19, a price-to-earnings-growth ratio of 0.83 and a beta of 1.36. TDK has a 52 week low of $11.91 and a 52 week high of $26.73. The firm has a 50-day moving average price of $18.86 and a 200 day moving average price of $17.88. The company has a quick ratio of 1.11, a current ratio of 1.47 and a debt-to-equity ratio of 0.15.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised TDK from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 20th. Two analysts have rated the stock with a Strong Buy rating. According to MarketBeat.com, the stock currently has a consensus rating of “Strong Buy”.

TDK Company Profile

TDK Corporation is a Japanese electronics company that develops and manufactures electronic components, materials and systems for consumer electronics, automotive, communications, industrial and energy-related applications. The company’s products include passive components such as capacitors and inductors, magnetic materials and components, sensors, power supplies, electronic modules and rechargeable batteries.

TDK is also active in energy storage through its lithium-ion and other battery technologies, which are used in mobile devices, electric vehicles, industrial equipment and energy-storage applications.