Komatsu (OTCMKTS:KMTUY) Stock Price Down 7.7% After Earnings Miss

Komatsu Ltd. (OTCMKTS:KMTUY)’s share price fell 7.7% during mid-day trading on Thursday after the company announced weaker than expected quarterly earnings. The company traded as low as $38.4620 and last traded at $39.72. Approximately 16,147 shares traded hands during trading, a decline of 88% from the average daily volume of 129,330 shares. The stock had previously closed at $43.05.

The industrial products company reported $0.68 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.04). Komatsu had a net margin of 8.93% and a return on equity of 10.51%.

Analysts Set New Price Targets

Several analysts recently issued reports on KMTUY shares. Citigroup raised shares of Komatsu from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 25th. Zacks Research raised shares of Komatsu from a “strong sell” rating to a “hold” rating in a research report on Monday, August 3rd. Finally, The Goldman Sachs Group raised Komatsu from a “hold” rating to a “strong-buy” rating in a research report on Sunday, October 4th. Two research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Komatsu Stock Performance

The company has a current ratio of 1.96, a quick ratio of 1.12 and a debt-to-equity ratio of 0.19. The company has a 50-day moving average of $46.13 and a 200-day moving average of $43.13. The firm has a market capitalization of $36.69 billion, a price-to-earnings ratio of 14.45, a price-to-earnings-growth ratio of 2.30 and a beta of 1.07.

Komatsu Company Profile

Komatsu Ltd. is a Japan-based manufacturer of construction, mining, forestry and industrial equipment. Its product portfolio includes hydraulic excavators, wheel loaders, bulldozers, motor graders, dump trucks, underground mining machinery and other equipment used in infrastructure development, resource extraction and material handling.

The company also provides equipment parts, maintenance and repair services, fleet-management technologies and digital solutions. Its Smart Construction platform is designed to help customers plan, monitor and improve job-site operations, while Komatsu develops automation and remote-control systems for construction and mining applications.

Komatsu traces its origins to Komatsu Iron Works, established in Ishikawa Prefecture, Japan, in 1921.