Daikin Industries (OTCMKTS:DKILY) Shares Gap Down - Here's Why

Key Points

• Daikin Industries shares experienced a significant drop, opening at $11.62 after closing at $12.28, reflecting a decrease of approximately 3.0% during trading.
• In its latest earnings report for the quarter, Daikin reported an EPS of $0.19, exceeding analysts' expectations, and generated a revenue of $8.24 billion.
• The company has a market capitalization of $34.91 billion and maintains a solid financial position with a low debt-to-equity ratio of 0.14 and a quick ratio of 1.16.

Shares of Daikin Industries (OTCMKTS:DKILY - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $12.28, but opened at $11.62. Daikin Industries shares last traded at $11.94, with a volume of 881,896 shares trading hands.

Daikin Industries Stock Up 0.2%

The stock has a 50 day moving average price of $12.74 and a 200 day moving average price of $11.78. The stock has a market capitalization of $35.06 billion, a price-to-earnings ratio of 18.69, a price-to-earnings-growth ratio of 2.03 and a beta of 0.98. The company has a quick ratio of 1.16, a current ratio of 1.86 and a debt-to-equity ratio of 0.14.

Daikin Industries (OTCMKTS:DKILY - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.19 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.03. Daikin Industries had a return on equity of 9.53% and a net margin of 6.02%.The firm had revenue of $8.24 billion for the quarter, compared to analyst estimates of $1,253.30 billion. As a group, analysts forecast that Daikin Industries will post 0.56 EPS for the current year.

About Daikin Industries

Daikin Industries,Ltd. manufactures, distributes, and sells air-conditioning and refrigeration equipment, and chemical products in Japan, the Americas, China, Asia, Europe, Europe, and internationally. The company's air-conditioning and refrigeration equipment products include room air-conditioning systems; air purifiers; heat-pump hot-water supply and room-heating systems; packaged air-conditioning systems; multiple air-conditioning systems for office buildings; air-conditioning systems for facilities and plants; heat reclaim ventilators; freezers; water chillers; turbo refrigerator equipment; air-handling units; air filters; industrial dust collectors; marine-type container refrigeration; and refrigerating and freezing showcases.