Kawasaki Heavy Industries (OTCMKTS:KWHIY) Shares Gap Up After Strong Earnings

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) gapped up prior to trading on Monday following a better than expected earnings announcement. The stock had previously closed at $38.81, but opened at $45.00. Kawasaki Heavy Industries shares last traded at $44.02, with a volume of 18,710 shares.

The industrial products company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.40. The business had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.79 billion. Kawasaki Heavy Industries had a return on equity of 13.65% and a net margin of 4.74%.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Kawasaki Heavy Industries from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Kawasaki Heavy Industries currently has an average rating of “Buy”.

Kawasaki Heavy Industries Stock Performance

The company has a 50-day moving average of $31.73 and a 200-day moving average of $28.79. The company has a market cap of $19.88 billion, a PE ratio of 27.43 and a beta of 0.69. The company has a quick ratio of 0.66, a current ratio of 1.14 and a debt-to-equity ratio of 0.47.

Kawasaki Heavy Industries Company Profile

Kawasaki Heavy Industries, Ltd. (OTCMKTS: KWHIY) is a diversified Japanese conglomerate with core operations in shipbuilding, rolling stock, industrial machinery, aerospace and energy systems. The company traces its roots to 1896 when founder Shozo Kawasaki established a shipyard in Kobe, Japan. Today, the firm is headquartered in Kobe and Tokyo and is recognized as one of the world’s leading manufacturers of heavy equipment and engineering solutions.

In its marine division, Kawasaki Heavy Industries designs and constructs a broad range of vessels including LNG carriers, container ships and offshore support platforms.