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Daikin Industries (OTCMKTS:DKILY) Shares Gap Up - Time to Buy?

Daikin Industries logo with Computer and Technology background

Key Points

  • Daikin Industries shares experienced a gap up, opening at $13.93 after a previous close of $13.57, with the last traded price at $13.41.
  • The company reported a quarterly EPS of $0.19, exceeding analyst estimates of $0.16, along with revenue of $8.24 billion against expectations of $1,253.30 billion.
  • Daikin Industries has a market capitalization of $39.31 billion and strong financial ratios, including a debt-to-equity ratio of 0.19 and a return on equity of 9.66%.
  • Want stock alerts on Daikin Industries? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Daikin Industries (OTCMKTS:DKILY - Get Free Report)'s stock price gapped up prior to trading on Thursday . The stock had previously closed at $13.57, but opened at $13.93. Daikin Industries shares last traded at $13.41, with a volume of 14,083 shares changing hands.

Daikin Industries Stock Performance

The company has a market capitalization of $39.31 billion, a PE ratio of 20.95, a PEG ratio of 2.39 and a beta of 0.98. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.17 and a current ratio of 1.85. The company has a 50 day moving average price of $12.15 and a 200 day moving average price of $11.50.

Daikin Industries (OTCMKTS:DKILY - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.16 by $0.03. The company had revenue of $8.24 billion during the quarter, compared to analysts' expectations of $1,253.30 billion. Daikin Industries had a return on equity of 9.66% and a net margin of 6.02%. Equities analysts forecast that Daikin Industries will post 0.56 EPS for the current year.

About Daikin Industries

(Get Free Report)

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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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