Kawasaki Heavy Industries (KWHIY) to Announce Quarterly Earnings on Friday

Kawasaki Heavy Industries (OTCMKTS:KWHIY) is expected to issue its results before the market opens on Friday, August 7th. Analysts expect Kawasaki Heavy Industries to announce earnings of $0.0691 per share and revenue of $3.3345 billion for the quarter.

Kawasaki Heavy Industries Stock Up 5.8%

Shares of OTCMKTS:KWHIY opened at $7.29 on Wednesday. Kawasaki Heavy Industries has a 1 year low of $4.67 and a 1 year high of $9.73. The business has a 50 day simple moving average of $7.13 and a two-hundred day simple moving average of $21.10. The firm has a market capitalization of $15.98 billion, a PE ratio of 21.07 and a beta of 0.75. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.15 and a quick ratio of 0.73.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group lowered Kawasaki Heavy Industries from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 12th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold”.

About Kawasaki Heavy Industries

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.