Horiba (OTCMKTS:HRIBF) Announces Quarterly Earnings Results, Beats Estimates By $0.22 EPS

Key Points

• Horiba reported quarterly earnings of $1.27 per share, exceeding analysts' expectations of $1.05 by $0.22.
• The company generated $534.76 million in revenue, surpassing the forecast of $533.30 million.
• Horiba maintains a market capitalization of $2.56 billion and presents a diversified business model across five segments: Automotive, Environment/Process, Medical, Semiconductor, and Scientific.

Horiba (OTCMKTS:HRIBF - Get Free Report) issued its quarterly earnings results on Tuesday. The company reported $1.27 earnings per share for the quarter, topping analysts' consensus estimates of $1.05 by $0.22, Zacks reports. Horiba had a return on equity of 12.50% and a net margin of 11.19%. The firm had revenue of $534.76 million during the quarter, compared to the consensus estimate of $533.30 million.

Horiba Price Performance

Shares of OTCMKTS:HRIBF remained flat at $61.03 during midday trading on Thursday. The firm has a market capitalization of $2.56 billion, a P/E ratio of 10.63 and a beta of 0.13. The company has a quick ratio of 2.33, a current ratio of 3.34 and a debt-to-equity ratio of 0.18. The business has a 50-day simple moving average of $61.02 and a two-hundred day simple moving average of $60.84. Horiba has a 12-month low of $49.06 and a 12-month high of $100.67.

About Horiba

HORIBA, Ltd. manufactures and sells instruments and systems worldwide. The company operates in five segments: Automotive, Environment/Process, Medical, Semiconductor, and Scientific. The Automotive segment offers engine emission measurement devices; in-use vehicle emission measurement devices; on-board emission measurement devices; in-vehicle exhaust gas measuring devices; driveline test systems; engine test systems; brake test systems; fuel cell test devices; battery test devices; and vehicle development engineering and test engineering services, as well as leases and manages research and development facilities.

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