Daikin Industries (OTCMKTS:DKILY) Shares Gap Down Following Weak Earnings

Daikin Industries (OTCMKTS:DKILY)’s share price gapped down prior to trading on Wednesday following a weaker than expected earnings announcement. The stock had previously closed at $12.40, but opened at $11.04. Daikin Industries shares last traded at $11.38, with a volume of 39,445 shares.

The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). Daikin Industries had a net margin of 5.69% and a return on equity of 9.12%. The business had revenue of $7.63 billion for the quarter, compared to analysts’ expectations of $1,153.92 billion.

Daikin Industries Trading Up 0.4%

The company has a quick ratio of 1.24, a current ratio of 1.98 and a debt-to-equity ratio of 0.16. The firm has a market cap of $33.39 billion, a P/E ratio of 18.37, a price-to-earnings-growth ratio of 2.08 and a beta of 0.88. The firm’s 50-day simple moving average is $12.52 and its 200 day simple moving average is $12.43.

About Daikin Industries

Daikin Industries is a Japanese multinational manufacturer best known for its heating, ventilation and air conditioning (HVAC) systems and related products. Headquartered in Osaka, the company designs, manufactures and sells a broad range of climate-control equipment for residential, commercial and industrial applications. Its portfolio spans wall‑mounted and packaged air conditioners, rooftop units, chillers, heat pumps, compressors, air purifiers and controls, as well as associated spare parts and aftermarket services.

In addition to finished HVAC systems, Daikin produces refrigerants and fluorochemical products used across the cooling industry, and it develops compressors and heat-exchange technologies that underpin its product lines.