Denso Corp. (OTCMKTS:DNZOY – Get Free Report)’s stock price fell 7.1% during mid-day trading on Friday following a weaker than expected earnings announcement. The stock traded as low as $13.91 and last traded at $13.91. 15,185 shares were traded during mid-day trading, a decline of 89% from the average session volume of 138,412 shares. The stock had previously closed at $14.98.
The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.31). Denso had a return on equity of 7.67% and a net margin of 5.62%.The firm had revenue of $11.91 billion for the quarter, compared to analysts’ expectations of $11.67 billion.
Analyst Ratings Changes
A number of brokerages have recently commented on DNZOY. Zacks Research raised shares of Denso from a “strong sell” rating to a “hold” rating in a report on Monday, September 1st. UBS Group downgraded shares of Denso from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.
Denso Stock Down 6.5%
The company has a market capitalization of $40.75 billion, a price-to-earnings ratio of 14.74 and a beta of 1.01. The company has a current ratio of 1.80, a quick ratio of 1.25 and a debt-to-equity ratio of 0.09. The firm’s 50 day simple moving average is $14.65 and its 200-day simple moving average is $13.86.
About Denso
DENSO Corporation engages in the manufacture and sale of automotive parts in Japan, rest of Asia, North America, Europe, and internationally. The company offers air-conditioning systems, including thermal management heat pump system, heat pump air-conditioning systems, refrigerant products, personal heating and cooling devices, air quality system, heat exchangers, bus air-conditioning systems, automotive freezers, and cooling products, as well as heating, ventilation, and air-conditioning units.
Featured Articles
- Five stocks we like better than Denso
- What Does a Stock Split Mean?
- Is Beyond Meat a Buy After Meme Stock Surge? Analysts Say No
- Asset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours?
- ABBV Stock: $250 May Be the New Floor After Big Q3 Earnings Beat
- What Are Dividends? Buy the Best Dividend Stocks
- Super Micro’s Moment of Truth: A Growth Story Under Pressure
Receive News & Ratings for Denso Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Denso and related companies with MarketBeat.com's FREE daily email newsletter.
