Keyence (OTCMKTS:KYCCF) Issues Quarterly Earnings Results

Keyence (OTCMKTS:KYCCF) released its earnings results on Thursday. The company reported $4.13 earnings per share for the quarter, topping the consensus estimate of $3.92 by $0.21, Zacks reports. The business had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.30 billion.

Keyence Stock Down 0.9%

Keyence stock opened at $505.51 on Friday. The firm’s fifty day moving average price is $504.75 and its two-hundred day moving average price is $454.85. Keyence has a 1-year low of $316.20 and a 1-year high of $581.60.

Wall Street Analyst Weigh In

A number of research firms have recently commented on KYCCF. Zacks Research raised Keyence from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 7th. Citigroup raised Keyence from a “hold” rating to a “buy” rating in a research note on Tuesday, September 8th. Two equities research analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to MarketBeat.com, Keyence presently has a consensus rating of “Strong Buy”.

Keyence Company Profile

Keyence Corporation is a Japan-based developer and manufacturer of industrial automation and measurement equipment. The company provides technologies that help manufacturers inspect products, control production processes, identify components and collect operating data across a range of industrial applications.

Its product portfolio includes sensors, machine-vision systems, measuring instruments, laser markers, microscopes, barcode readers, programmable logic controllers and related automation solutions.