Toray Industries (OTCMKTS:TRYIY) Announces Earnings Results, Misses Estimates By $0.17 EPS

Toray Industries (OTCMKTS:TRYIY) announced its earnings results on Tuesday. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.17), reports. The firm had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.20 billion. Toray Industries had a return on equity of 3.26% and a net margin of 2.38%.

Toray Industries Stock Performance

Shares of OTCMKTS TRYIY traded down $0.13 during trading hours on Tuesday, hitting $16.06. 1,124 shares of the company’s stock were exchanged, compared to its average volume of 20,073. The company’s 50-day moving average price is $13.81 and its 200-day moving average price is $13.27. Toray Industries has a 1-year low of $11.70 and a 1-year high of $16.52. The stock has a market capitalization of $12.08 billion, a price-to-earnings ratio of 30.89 and a beta of 0.43. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.83 and a quick ratio of 1.15.

Toray Industries Company Profile

Toray Industries, Inc is a global leader in advanced materials and chemical technologies, headquartered in Tokyo, Japan. The company’s core operations span five business segments: fibers & textiles, performance chemicals, carbon fiber composite materials, environment & engineering, and life sciences. Toray serves a diverse range of industries, including automotive, aerospace, electronics, construction, healthcare and water treatment, leveraging its material innovation to meet evolving market demands.

In the fibers & textiles division, Toray develops synthetic fibers and high-performance fabrics for applications such as apparel, industrial materials and automotive interiors.