Denso (OTCMKTS:DNZOY) Announces Quarterly Earnings Results, Misses Expectations By $0.08 EPS

Key Points

• Denso reported quarterly earnings of $0.20 per share, falling short of analyst expectations of $0.28 by $0.08.
• The company's revenue for the quarter was $11.78 billion, significantly lower than the consensus estimate of $1,767.34 billion.
• Denso's stock rose 0.7% to $13.73 following the earnings announcement, amid a market capitalization of $39.97 billion.

Denso (OTCMKTS:DNZOY - Get Free Report) issued its quarterly earnings results on Thursday. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.28 by ($0.08), Zacks reports. The company had revenue of $11.78 billion during the quarter, compared to the consensus estimate of $1,767.34 billion. Denso had a return on equity of 7.63% and a net margin of 5.62%.

Denso Trading Up 0.7%

Denso stock traded up $0.10 during midday trading on Friday, reaching $13.73. The stock had a trading volume of 59,011 shares, compared to its average volume of 56,237. The company has a quick ratio of 1.28, a current ratio of 1.85 and a debt-to-equity ratio of 0.09. The firm has a market cap of $39.97 billion, a price-to-earnings ratio of 14.45 and a beta of 1.00. Denso has a 52-week low of $10.96 and a 52-week high of $16.20. The company has a fifty day moving average of $13.42 and a 200 day moving average of $13.10.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein raised shares of Denso to a "hold" rating in a research note on Monday, April 14th.

Denso Company Profile

DENSO Corporation engages in the manufacture and sale of automotive parts in Japan, rest of Asia, North America, Europe, and internationally. The company offers air-conditioning systems, including thermal management heat pump system, heat pump air-conditioning systems, refrigerant products, personal heating and cooling devices, air quality system, heat exchangers, bus air-conditioning systems, automotive freezers, and cooling products, as well as heating, ventilation, and air-conditioning units.

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