Kawasaki Heavy Industries (OTCMKTS:KWHIY) Posts Earnings Results

Kawasaki Heavy Industries (OTCMKTS:KWHIY) posted its earnings results on Tuesday. The industrial products company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02), reports. The business had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.49 billion.

Kawasaki Heavy Industries Stock Down 7.8%

Shares of OTCMKTS:KWHIY traded down $0.42 during midday trading on Tuesday, reaching $4.94. The company’s stock had a trading volume of 342,702 shares, compared to its average volume of 298,205. The company has a quick ratio of 0.70, a current ratio of 1.16 and a debt-to-equity ratio of 0.38. The firm has a 50 day moving average of $5.81 and a 200-day moving average of $15.62. The firm has a market capitalization of $10.83 billion, a P/E ratio of 19.00 and a beta of 0.95. Kawasaki Heavy Industries has a 12-month low of $4.87 and a 12-month high of $9.73.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein began coverage on Kawasaki Heavy Industries in a research note on Tuesday, September 15th. They issued a “hold” rating for the company. Three research analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, Kawasaki Heavy Industries presently has an average rating of “Hold”.

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.