Kawasaki Heavy Industries (OTCMKTS:KWHIY) Announces Quarterly Earnings Results

Kawasaki Heavy Industries (OTCMKTS:KWHIY) posted its earnings results on Friday. The industrial products company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02), Zacks reports. The firm had revenue of $3.44 billion for the quarter, compared to analysts’ expectations of $3.33 billion. Kawasaki Heavy Industries had a return on equity of 13.40% and a net margin of 4.74%.

Kawasaki Heavy Industries Stock Down 2.1%

Shares of OTCMKTS:KWHIY opened at $7.10 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.73 and a debt-to-equity ratio of 0.38. The stock has a fifty day simple moving average of $7.09 and a two-hundred day simple moving average of $20.62. Kawasaki Heavy Industries has a 12-month low of $4.67 and a 12-month high of $9.73. The stock has a market capitalization of $15.57 billion, a price-to-earnings ratio of 20.29 and a beta of 0.75.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group downgraded Kawasaki Heavy Industries from a “buy” rating to a “neutral” rating in a report on Tuesday, May 12th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

About Kawasaki Heavy Industries

Kawasaki Heavy Industries, Ltd. (OTCMKTS: KWHIY) is a diversified Japanese conglomerate with core operations in shipbuilding, rolling stock, industrial machinery, aerospace and energy systems. The company traces its roots to 1896 when founder Shozo Kawasaki established a shipyard in Kobe, Japan. Today, the firm is headquartered in Kobe and Tokyo and is recognized as one of the world’s leading manufacturers of heavy equipment and engineering solutions.

In its marine division, Kawasaki Heavy Industries designs and constructs a broad range of vessels including LNG carriers, container ships and offshore support platforms.