Daikin Industries (OTCMKTS:DKILY) Shares Gap Up - What's Next?

Key Points

• Daikin Industries shares opened at $12.01, up from the previous close of $11.40, indicating a positive market reaction.
• The company reported earnings of $0.19 per share for the last quarter, surpassing estimates and demonstrating a net margin of 6.02%.
• Daikin Industries holds a debt-to-equity ratio of 0.14 and has a market capitalization of $34.06 billion, reflecting its strong financial position.

Daikin Industries (OTCMKTS:DKILY - Get Free Report) shares gapped up before the market opened on Friday . The stock had previously closed at $11.40, but opened at $12.01. Daikin Industries shares last traded at $11.61, with a volume of 26,371 shares.

Daikin Industries Price Performance

The company has a debt-to-equity ratio of 0.14, a current ratio of 1.86 and a quick ratio of 1.16. The stock's 50 day simple moving average is $12.64 and its two-hundred day simple moving average is $11.80. The stock has a market cap of $34.06 billion, a price-to-earnings ratio of 18.16, a P/E/G ratio of 1.95 and a beta of 0.98.

Daikin Industries (OTCMKTS:DKILY - Get Free Report) last posted its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $1,253.30 billion. On average, analysts forecast that Daikin Industries will post 0.56 earnings per share for the current fiscal 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.

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