Brother Industries (OTCMKTS:BRTHY) Shares Gap Up on Better-Than-Expected Earnings

Brother Industries Ltd. (OTCMKTS:BRTHY)’s stock price gapped up prior to trading on Monday after the company announced better than expected quarterly earnings. The stock had previously closed at $34.0050, but opened at $36.55. Brother Industries shares last traded at $36.77, with a volume of 200 shares changing hands.

The company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.04. Brother Industries had a net margin of 5.71% and a return on equity of 7.24%.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Brother Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, September 15th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Brother Industries Price Performance

The company’s 50 day moving average is $34.18 and its two-hundred day moving average is $34.06. The firm has a market cap of $4.67 billion, a P/E ratio of 14.00 and a beta of 0.25.

Brother Industries Company Profile

Brother Industries, Ltd. manufactures and sells communications and printing equipment in Japan, the Americas, Europe, Asia, Oceania, the Middle East, Africa, and internationally. It operates through Printing & Solutions, Machinery, Domino, Nissei, Personal & Home, and Network & Contents segments.