Denso (OTCMKTS:DNZOY) Posts Quarterly Earnings Results, Misses Estimates By $0.05 EPS

Denso (OTCMKTS:DNZOY) released its quarterly earnings results on Thursday. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.05), reports. The company had revenue of $12.20 billion for the quarter, compared to analyst estimates of $11.99 billion. Denso had a return on equity of 7.85% and a net margin of 5.59%.

Denso Stock Performance

Shares of Denso stock traded up $0.35 on Thursday, reaching $11.77. 120,283 shares of the company were exchanged, compared to its average volume of 162,234. The firm has a market cap of $34.28 billion, a price-to-earnings ratio of 11.43 and a beta of 0.95. Denso has a 1-year low of $11.17 and a 1-year high of $15.37. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.44 and a current ratio of 2.12. The company’s 50-day moving average is $11.92 and its two-hundred day moving average is $12.37.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Denso from a “strong sell” rating to a “hold” rating in a research note on Monday, October 12th. Three analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Denso Company Profile

DENSO Corporation is a Japan-based global automotive supplier that develops and manufactures technologies and components for vehicle manufacturers and mobility customers. Its products support vehicle thermal management, electrification, powertrain systems, vehicle motion control, cockpit and connectivity functions, and advanced safety.

The company’s offerings include air-conditioning and refrigeration systems, compressors, alternators, starters, fuel-injection and engine-management components, electric motors, inverters, sensors, electronic control units, and driver-assistance technologies.