Daikin Industries (DKILY) Expected to Post Earnings on Tuesday

Daikin Industries (OTCMKTS:DKILY) is projected to announce its resultson Tuesday, August 4th. Analysts expect Daikin Industries to post earnings of $0.17 per share and revenue of $8.4114 billion for the quarter.

Daikin Industries (OTCMKTS:DKILY) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.13 by $0.04. Daikin Industries had a return on equity of 8.95% and a net margin of 5.51%.The company had revenue of $8.56 billion for the quarter, compared to analysts’ expectations of $7.82 billion. On average, analysts expect Daikin Industries to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Daikin Industries Price Performance

OTCMKTS DKILY opened at $14.62 on Tuesday. Daikin Industries has a one year low of $11.00 and a one year high of $16.43. The stock has a 50-day moving average of $14.94 and a 200 day moving average of $13.60. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.26 and a current ratio of 1.93. The company has a market capitalization of $42.85 billion, a price-to-earnings ratio of 23.58, a PEG ratio of 1.61 and a beta of 0.95.

Analysts Set New Price Targets

Separately, Jefferies Financial Group downgraded shares of Daikin Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, June 1st. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Daikin Industries currently has an average rating of “Hold”.

About Daikin Industries

Daikin Industries is a Japanese multinational manufacturer best known for its heating, ventilation and air conditioning (HVAC) systems and related products. Headquartered in Osaka, the company designs, manufactures and sells a broad range of climate-control equipment for residential, commercial and industrial applications. Its portfolio spans wall?mounted and packaged air conditioners, rooftop units, chillers, heat pumps, compressors, air purifiers and controls, as well as associated spare parts and aftermarket services.

In addition to finished HVAC systems, Daikin produces refrigerants and fluorochemical products used across the cooling industry, and it develops compressors and heat-exchange technologies that underpin its product lines.