Daiwa Securities Group (OTCMKTS:DSEEY) Posts Earnings Results, Beats Estimates By $0.01 EPS

Key Points

• Daiwa Securities Group reported quarterly earnings of $0.14 per share, exceeding the consensus estimate of $0.13 by $0.01.
• The company's revenue for the quarter reached $2.20 billion with a net margin of 11.85% and a return on equity of 8.89%.
• As of the latest trading session, Daiwa's share price increased to $7.07, with a market capitalization of $9.93 billion.

Daiwa Securities Group (OTCMKTS:DSEEY - Get Free Report) posted its earnings results on Wednesday. The financial services provider reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.13 by $0.01, Zacks reports. Daiwa Securities Group had a net margin of 11.85% and a return on equity of 8.89%. The firm had revenue of $2.20 billion for the quarter.

Daiwa Securities Group Trading Down 3.4%

DSEEY traded down $0.24 during trading on Tuesday, hitting $6.84. 1,172 shares of the stock were exchanged, compared to its average volume of 2,317. The firm has a 50 day simple moving average of $6.96 and a 200 day simple moving average of $6.79. The firm has a market cap of $9.61 billion, a price-to-earnings ratio of 9.12 and a beta of 0.51. Daiwa Securities Group has a 1 year low of $5.52 and a 1 year high of $7.73. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.12 and a current ratio of 1.12.

Daiwa Securities Group Company Profile

Daiwa Securities Group Inc, together with its subsidiaries, primarily operates as a securities broker-dealer in Japan and internationally. The company operates through four segments: Retail, Wholesale, Asset Management, and Investment. The Retail segment offers products and services related to asset management, including equities, bonds, investment trusts, wrap account services, insurance, banking services, inheritance-related services, etc.