Horiba (OTCMKTS:HRIBF) Posts Earnings Results, Beats Expectations By $0.66 EPS

Horiba (OTCMKTS:HRIBF) posted its earnings results on Thursday. The company reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.66, Zacks reports. The firm had revenue of $654.78 million for the quarter, compared to analysts’ expectations of $655.14 million. Horiba had a return on equity of 12.32% and a net margin of 11.36%.

Horiba Price Performance

OTCMKTS:HRIBF remained flat at $111.87 during trading hours on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.37 and a current ratio of 3.38. The stock’s 50 day moving average is $104.87 and its 200 day moving average is $86.95. The company has a market capitalization of $4.69 billion, a price-to-earnings ratio of 18.71 and a beta of 0.25. Horiba has a fifty-two week low of $0.33 and a fifty-two week high of $111.87.

Horiba Company Profile

Horiba Ltd. is a diversified manufacturer specializing in precision instruments for measurement, analysis and process control. The company’s product portfolio spans a broad spectrum of industries, including automotive testing, environmental monitoring, semiconductor process engineering and medical diagnostics. By leveraging advanced sensing technologies and software integration, Horiba enables customers to obtain reliable data for research, development, compliance and quality assurance purposes.

In the automotive sector, Horiba offers dynamometers, emission measurement systems and powertrain testing equipment that help manufacturers and regulatory agencies evaluate fuel efficiency and exhaust emissions.