Komatsu (OTCMKTS:KMTUY) Announces Quarterly Earnings Results

Komatsu (OTCMKTS:KMTUY) posted its earnings results on Thursday. The industrial products company reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.04), Zacks reports. The firm had revenue of $7.07 billion for the quarter, compared to analysts’ expectations of $6.70 billion. Komatsu had a return on equity of 10.51% and a net margin of 8.93%.

Komatsu Stock Up 1.2%

OTCMKTS:KMTUY traded up $0.47 on Friday, reaching $38.89. 25,353 shares of the stock traded hands, compared to its average volume of 129,344. 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 market capitalization of $36.18 billion, a price-to-earnings ratio of 14.25, a PEG ratio of 2.33 and a beta of 1.07. Komatsu has a 12 month low of $30.65 and a 12 month high of $52.74. The company’s fifty day simple moving average is $46.03 and its 200 day simple moving average is $43.16.

Analyst Upgrades and Downgrades

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

About Komatsu

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.