Zacks Research Downgrades Komatsu (OTCMKTS:KMTUY) to Strong Sell

Key Points

• Komatsu's stock rating has been downgraded by Zacks Research from a "hold" to a "strong sell" as of Tuesday.
• The company reported a missed earnings estimate of $0.69 EPS compared to the consensus estimate of $0.74 for the last quarter.
• Komatsu has a market capitalization of $32 billion and has seen its stock price fluctuate between a 12-month low of $24.54 and a high of $37.27.

Zacks Research downgraded shares of Komatsu (OTCMKTS:KMTUY - Free Report) from a hold rating to a strong sell rating in a report released on Tuesday,Zacks.com reports.

Komatsu Stock Down 1.6%

OTCMKTS KMTUY traded down $0.54 during trading on Tuesday, reaching $33.93. The company's stock had a trading volume of 35,992 shares, compared to its average volume of 68,836. The company has a current ratio of 2.00, a quick ratio of 1.15 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $32.27 billion, a PE ratio of 11.12, a PEG ratio of 4.83 and a beta of 0.97. The business has a 50-day moving average price of $33.35 and a 200-day moving average price of $30.96. Komatsu has a 1-year low of $24.54 and a 1-year high of $37.27.

Komatsu (OTCMKTS:KMTUY - Get Free Report) last posted its earnings results on Tuesday, July 29th. The industrial products company reported $0.69 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.74 by ($0.05). The business had revenue of $6.12 billion during the quarter, compared to analyst estimates of $6.49 billion. Komatsu had a net margin of 10.37% and a return on equity of 13.05%. On average, research analysts forecast that Komatsu will post 2.73 earnings per share for the current fiscal year.

Komatsu Company Profile

Komatsu Ltd. manufactures and sells construction, mining, and utility equipment in Japan, the Americas, Europe, China, Rest of Asia, Oceania, the Middle East, Africa, and CIS countries. It operates through three segments: Construction, Mining and Utility Equipment; Retail Finance; and Industrial Machinery and Others.