TDK (OTCMKTS:TTDKY) Announces Earnings Results

TDK (OTCMKTS:TTDKY) issued its earnings results on Friday. The technology company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.27 by $0.05, Zacks reports. TDK had a net margin of 7.87% and a return on equity of 9.15%. The company had revenue of $5.19 billion for the quarter, compared to analyst estimates of $5.07 billion.

TDK Stock Performance

OTCMKTS TTDKY opened at $16.64 on Friday. TDK has a fifty-two week low of $11.91 and a fifty-two week high of $26.73. The stock has a market cap of $32.35 billion, a price-to-earnings ratio of 25.75, a price-to-earnings-growth ratio of 0.88 and a beta of 1.36. The business has a fifty day moving average of $18.86 and a 200-day moving average of $17.88. The company has a quick ratio of 1.11, a current ratio of 1.47 and a debt-to-equity ratio of 0.15.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of TDK from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 20th. Two analysts have rated the stock with a Strong Buy rating. According to data from MarketBeat, the company presently has an average rating of “Strong Buy”.

TDK Company Profile

TDK Corporation is a Japanese electronics company that develops and manufactures electronic components, materials and systems for consumer electronics, automotive, communications, industrial and energy-related applications. The company’s products include passive components such as capacitors and inductors, magnetic materials and components, sensors, power supplies, electronic modules and rechargeable batteries.

TDK is also active in energy storage through its lithium-ion and other battery technologies, which are used in mobile devices, electric vehicles, industrial equipment and energy-storage applications.