Daikin Industries (OTCMKTS:DKILY) Shares Gap Up - Still a Buy?

Key Points

• Daikin Industries shares experienced a notable gap up, opening at $12.20 after closing at $11.58, before settling down to $11.84 with a trading volume of 19,085 shares.
• The company's latest earnings report exceeded expectations, with $0.19 earnings per share reported against a consensus estimate of $0.16, as well as a revenue of $8.24 billion for the quarter.
• Daikin Industries has a market capitalization of $34.67 billion, a price-to-earnings ratio of 18.48, and has been projecting 0.56 earnings per share for the current year.

Daikin Industries (OTCMKTS:DKILY - Get Free Report) shares gapped up before the market opened on Friday . The stock had previously closed at $11.58, but opened at $12.20. Daikin Industries shares last traded at $11.84, with a volume of 19,085 shares trading hands.

Daikin Industries Trading Up 2.1%

The firm has a market capitalization of $34.67 billion, a price-to-earnings ratio of 18.48, a PEG ratio of 2.01 and a beta of 0.97. The business's 50-day simple moving average is $12.54 and its two-hundred day simple moving average is $11.81. 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 posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates of $0.16 by $0.03. Daikin Industries had a net margin of 6.02% and a return on equity of 9.53%. The firm had revenue of $8.24 billion during the quarter, compared to analysts' expectations of $1,253.30 billion. Equities analysts forecast that Daikin Industries will post 0.56 earnings per share for the current year.

Daikin Industries Company Profile

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.

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