Komatsu (OTCMKTS:KMTUY) Sets New 1-Year High on Better-Than-Expected Earnings

Komatsu Ltd. (OTCMKTS:KMTUY) hit a new 52-week high during mid-day trading on Friday following a better than expected earnings announcement. The stock traded as high as $39.99 and last traded at $38.64, with a volume of 18732 shares traded. The stock had previously closed at $38.48.

The industrial products company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.08. The firm had revenue of $6.70 billion for the quarter, compared to analyst estimates of $977.56 billion. Komatsu had a return on equity of 12.41% and a net margin of 10.25%.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Komatsu from a “strong sell” rating to a “hold” rating in a research report on Monday, January 19th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Komatsu Stock Performance

The stock has a market capitalization of $35.83 billion, a P/E ratio of 12.79, a price-to-earnings-growth ratio of 5.41 and a beta of 1.02. The company has a current ratio of 2.09, a quick ratio of 1.13 and a debt-to-equity ratio of 0.18. The company has a 50-day moving average price of $33.31 and a two-hundred day moving average price of $34.06.

Komatsu Company Profile

Komatsu Ltd. (OTCMKTS: KMTUY) is a Japanese multinational manufacturer of construction, mining and industrial equipment. Founded in the early 20th century in Komatsu, Ishikawa Prefecture, the company has grown into a global supplier of heavy machinery and related services for industries including construction, mining, forestry and infrastructure development.

Komatsu’s product lineup covers a broad range of mobile and stationary equipment, including hydraulic excavators, bulldozers, wheel loaders, rigid and articulated dump trucks, dozers, compact equipment, and specialized mining machines for both surface and underground operations.