Kawasaki Heavy Industries (OTCMKTS:KWHIY) Shares Gap Down Following Weak Earnings

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) gapped down prior to trading on Tuesday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $5.36, but opened at $4.95. Kawasaki Heavy Industries shares last traded at $4.97, with a volume of 111,849 shares trading hands.

The industrial products company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). The firm had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.49 billion.

Analyst Ratings Changes

Separately, Sanford C. Bernstein initiated coverage on Kawasaki Heavy Industries in a research note on Tuesday, September 15th. They issued a “hold” rating on the stock. Three investment analysts have rated the stock with a Hold rating. According to MarketBeat.com, Kawasaki Heavy Industries presently has a consensus rating of “Hold”.

Kawasaki Heavy Industries Trading Down 7.3%

The business has a fifty day moving average price of $5.81 and a two-hundred day moving average price of $15.62. The firm has a market capitalization of $10.90 billion, a PE ratio of 19.12 and a beta of 0.95. The company has a current ratio of 1.16, a quick ratio of 0.70 and a debt-to-equity ratio of 0.38.

About Kawasaki Heavy Industries

Kawasaki Heavy Industries, Ltd. is a Japanese industrial manufacturer with roots in shipbuilding. Founded by Shozo Kawasaki in 1896, the company has expanded into a range of transportation, machinery, and energy-related businesses.

Its products and services include aircraft and aircraft engines, helicopters, railway vehicles, ships and marine equipment, gas turbines and other energy systems, industrial robots, and hydraulic machinery. The company also makes motorcycles, personal watercraft, all-terrain vehicles, and general-purpose engines.

Kawasaki serves customers in Japan and international markets through its businesses in aerospace, rolling stock, energy and marine engineering, precision machinery and robotics, and powersports.