Daikin Industries (OTCMKTS:DKILY) Shares Gap Down - Time to Sell?

Key Points

• Shares gapped down — Daikin opened at $13.05 vs a prior close of $13.83, last traded at $13.66 and was down about 1.3% on a volume of 18,967 shares.
• Quarterly EPS missed: the company reported $0.08 EPS vs. analysts' $0.11 estimate, with a net margin of 5.69% and return on equity of 9%; sell-side analysts expect about 0.56 EPS for the current year.
• Solid balance sheet and valuation: market cap roughly $40.0B, P/E ~22, low leverage (debt/equity 0.14), and current price sits above the 50- and 200-day moving averages (~$12.4).

Daikin Industries (OTCMKTS:DKILY - Get Free Report)'s stock price gapped down before the market opened on Friday . The stock had previously closed at $13.83, but opened at $13.05. Daikin Industries shares last traded at $13.66, with a volume of 18,967 shares.

Daikin Industries Stock Down 1.3%

The company has a quick ratio of 1.23, a current ratio of 1.95 and a debt-to-equity ratio of 0.14. The company has a market cap of $40.02 billion, a price-to-earnings ratio of 22.02, a P/E/G ratio of 2.58 and a beta of 0.87. The stock has a fifty day moving average price of $12.46 and a two-hundred day moving average price of $12.37.

Daikin Industries (OTCMKTS:DKILY - Get Free Report) last released its quarterly earnings results on Wednesday, February 4th. The company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.11 by ($0.03). Daikin Industries had a return on equity of 9.00% and a net margin of 5.69%.The business had revenue of $7.63 billion for the quarter, compared to the consensus estimate of $1,153.92 billion. As a group, sell-side analysts expect that Daikin Industries will post 0.56 EPS for the current year.

Daikin Industries Company Profile

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.

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