Horiba (OTCMKTS:HRIBF) Releases Quarterly Earnings Results, Beats Expectations By $0.66 EPS

Horiba (OTCMKTS:HRIBF) posted its quarterly earnings data on Thursday. The company reported $2.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.66, Zacks reports. The firm had revenue of $654.78 million for the quarter, compared to analyst estimates of $655.14 million. Horiba had a net margin of 11.36% and a return on equity of 12.32%.

Horiba Stock Performance

Shares of OTCMKTS:HRIBF remained flat at $111.87 during midday trading on Friday. Horiba has a 1 year low of $0.33 and a 1 year high of $111.87. The company has a quick ratio of 2.37, a current ratio of 3.38 and a debt-to-equity ratio of 0.17. The stock has a 50-day moving average price of $104.87 and a 200-day moving average price of $86.95. The firm has a market capitalization of $4.69 billion, a PE ratio of 18.71 and a beta of 0.25.

Horiba Company Profile

Horiba Ltd. is a diversified manufacturer specializing in precision instruments for measurement, analysis and process control. The company’s product portfolio spans a broad spectrum of industries, including automotive testing, environmental monitoring, semiconductor process engineering and medical diagnostics. By leveraging advanced sensing technologies and software integration, Horiba enables customers to obtain reliable data for research, development, compliance and quality assurance purposes.

In the automotive sector, Horiba offers dynamometers, emission measurement systems and powertrain testing equipment that help manufacturers and regulatory agencies evaluate fuel efficiency and exhaust emissions.