Shares of Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY – Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $36.90, but opened at $35.00. Kawasaki Heavy Industries shares last traded at $34.4960, with a volume of 11,220 shares traded.
Wall Street Analysts Forecast Growth
Separately, Zacks Research upgraded shares of Kawasaki Heavy Industries from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.
Read Our Latest Analysis on KWHIY
Kawasaki Heavy Industries Trading Down 3.8%
Kawasaki Heavy Industries (OTCMKTS:KWHIY – Get Free Report) last issued its quarterly earnings data on Tuesday, November 11th. The industrial products company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.02). The firm had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $3.36 billion. Kawasaki Heavy Industries had a net margin of 4.26% and a return on equity of 12.50%.
Kawasaki Heavy Industries Company Profile
Kawasaki Heavy Industries, Ltd. (OTCMKTS: KWHIY) is a diversified Japanese conglomerate with core operations in shipbuilding, rolling stock, industrial machinery, aerospace and energy systems. The company traces its roots to 1896 when founder Shozo Kawasaki established a shipyard in Kobe, Japan. Today, the firm is headquartered in Kobe and Tokyo and is recognized as one of the world’s leading manufacturers of heavy equipment and engineering solutions.
In its marine division, Kawasaki Heavy Industries designs and constructs a broad range of vessels including LNG carriers, container ships and offshore support platforms.
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