Daiwa Securities Group (OTCMKTS:DSEEY) Announces Quarterly Earnings Results, Beats Expectations 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) released its quarterly earnings data on Wednesday. The financial services provider reported $0.14 earnings per share for the quarter, topping the consensus estimate 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 Price Performance

OTCMKTS:DSEEY traded up $0.04 during trading hours on Friday, reaching $7.07. 957 shares of the company's stock were exchanged, compared to its average volume of 10,190. The company has a market capitalization of $9.93 billion, a P/E ratio of 9.43 and a beta of 0.53. Daiwa Securities Group has a 12 month low of $5.52 and a 12 month high of $7.73. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.69. The business's 50-day simple moving average is $6.93 and its two-hundred day simple moving average is $6.77.

About Daiwa Securities Group

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.

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