Hoya (OTCMKTS:HOCPY) Posts Earnings Results, Beats Expectations By $0.05 EPS

Hoya (OTCMKTS:HOCPY) posted its earnings results on Friday. The technology company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.05, Zacks reports. Hoya had a net margin of 27.58% and a return on equity of 25.78%. The firm had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.67 billion.

Hoya Stock Performance

OTCMKTS HOCPY opened at $165.34 on Friday. The firm has a market capitalization of $55.36 billion, a P/E ratio of 31.37, a PEG ratio of 3.43 and a beta of 0.97. Hoya has a fifty-two week low of $140.90 and a fifty-two week high of $190.18. The stock has a 50-day simple moving average of $155.28 and a two-hundred day simple moving average of $166.07. The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.20 and a current ratio of 4.91.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Hoya from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 30th. One research analyst has rated the stock with a Strong Buy rating. According to data from MarketBeat, the stock currently has a consensus rating of “Strong Buy”.

Hoya Company Profile

HOYA Corporation is a Japan-based technology and healthcare company that develops and manufactures optical products and precision components. Founded in 1941 as an optical glass manufacturer, the company has expanded into medical devices, vision care, and advanced technologies used in semiconductor production and other industrial applications.

Through its Life Care businesses, HOYA provides prescription eyeglass lenses, contact lenses, intraocular lenses used in cataract surgery, and medical equipment such as endoscopic systems.