Denso (OTCMKTS:DNZOY) Releases Quarterly Earnings Results, Misses Expectations By $0.04 EPS

Denso (OTCMKTS:DNZOY) released its earnings results on Thursday. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.04), Zacks reports. The company had revenue of $12.01 billion for the quarter, compared to analysts’ expectations of $11.42 billion. Denso had a net margin of 5.82% and a return on equity of 8.14%.

Denso Price Performance

DNZOY stock traded down $1.62 during mid-day trading on Friday, hitting $12.24. The company had a trading volume of 94,920 shares, compared to its average volume of 104,597. The company has a 50-day moving average price of $11.95 and a 200 day moving average price of $12.55. Denso has a 12-month low of $11.18 and a 12-month high of $15.85. The company has a market capitalization of $35.63 billion, a price-to-earnings ratio of 11.44 and a beta of 0.96. The company has a quick ratio of 1.41, a current ratio of 2.09 and a debt-to-equity ratio of 0.10.

Analyst Ratings Changes

Separately, Citigroup lowered shares of Denso from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

About Denso

Denso Corporation (OTCMKTS: DNZOY) is a global supplier of automotive technology, systems and components headquartered in Kariya, Aichi Prefecture, Japan. The company designs, manufactures and supplies a wide range of parts and systems for original equipment manufacturers (OEMs) and the aftermarket. Denso’s offerings span thermal systems, powertrain control, electrification components, electronic modules, sensors and actuators, and vehicle safety and driver assistance technologies.

Key product areas include climate control and HVAC components, radiators and heat exchangers, engine and fuel-management systems, starters and alternators, electronic control units (ECUs), sensors, and a growing portfolio of electrification products such as inverters, battery-management systems and charging components.