Japan Steel Works (OTCMKTS:JPSWY) Announces Quarterly Earnings Results

Japan Steel Works (OTCMKTS:JPSWY) announced its quarterly earnings data on Monday. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01, Zacks reports. The firm had revenue of $444.78 million for the quarter, compared to analyst estimates of $428.31 million. Japan Steel Works had a return on equity of 9.76% and a net margin of 6.95%.

Japan Steel Works Trading Up 1.8%

Shares of OTCMKTS JPSWY traded up $0.55 during midday trading on Tuesday, reaching $30.25. 2,987 shares of the stock were exchanged, compared to its average volume of 287. Japan Steel Works has a 12 month low of $12.52 and a 12 month high of $39.92. The company has a market capitalization of $4.50 billion, a price-to-earnings ratio of 35.59 and a beta of 0.62. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.07 and a quick ratio of 1.15. The business has a 50-day simple moving average of $32.04 and a two-hundred day simple moving average of $28.82.

Analysts Set New Price Targets

Several research firms recently issued reports on JPSWY. The Goldman Sachs Group initiated coverage on Japan Steel Works in a report on Thursday, September 25th. They issued a “buy” rating on the stock. Zacks Research downgraded shares of Japan Steel Works from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 1st. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Japan Steel Works Company Profile

The Japan Steel Works, Ltd. engages in the provision of industrial machinery products, and material and engineering business in Japan and internationally. It operates through Industrial Machinery Products Business, and Material and Engineering Business segments. The Industrial Machinery Products Business segment offers plastic production and processing machinery, such as pelletizers, film and sheet manufacturing equipment, and twin-screw extruders; molding machines including plastic injection molding, magnesium injection molding, and blow molding machines; and other machinery consists of excimer laser annealing systems, defense equipment, railway products, hot press devices, vacuum laminators, and deposit systems, as well as after-sales services for plastics, mobility, high-performance batteries, electronic devices, and defense applications.