Daikin Industries (OTCMKTS:DKILY) Issues Quarterly Earnings Results

Daikin Industries (OTCMKTS:DKILY) issued its quarterly earnings data on Wednesday. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03), reports. The company had revenue of $7.63 billion for the quarter, compared to analysts’ expectations of $1,153.92 billion. Daikin Industries had a net margin of 5.80% and a return on equity of 9.16%.

Daikin Industries Trading Down 8.6%

OTCMKTS:DKILY traded down $1.07 during midday trading on Wednesday, hitting $11.34. 101,579 shares of the company traded hands, compared to its average volume of 279,243. The firm’s fifty day moving average is $12.59 and its 200-day moving average is $12.44. Daikin Industries has a 12-month low of $9.90 and a 12-month high of $14.03. The firm has a market capitalization of $33.22 billion, a P/E ratio of 18.28, a P/E/G ratio of 2.26 and a beta of 0.88. The company has a current ratio of 1.98, a quick ratio of 1.24 and a debt-to-equity ratio of 0.16.

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.