THK (OTCMKTS:THKLY) Announces Quarterly Earnings Results

Key Points

• THK reported earnings of $0.10 per share for the quarter, alongside a net margin of 2.02% and a revenue of $631.98 million.
• The company's stock opened at $13.82, with a debt-to-equity ratio of 0.21 and a market cap of $3.59 billion.
• Analyst ratings for THK have seen a split, with Nomura Securities upgrading it to a "strong-buy" while Deutsche Bank downgraded it to a "sell".

THK (OTCMKTS:THKLY - Get Free Report) posted its quarterly earnings data on Wednesday. The company reported $0.10 earnings per share for the quarter, Zacks reports. The business had revenue of $631.98 million during the quarter. THK had a return on equity of 1.96% and a net margin of 2.02%.

THK Stock Performance

Shares of THK stock traded up $0.22 during trading hours on Friday, hitting $14.04. 25,921 shares of the company were exchanged, compared to its average volume of 6,510. THK has a 1 year low of $7.78 and a 1 year high of $15.26. The company has a current ratio of 3.00, a quick ratio of 2.06 and a debt-to-equity ratio of 0.21. The business has a 50-day moving average of $13.62 and a 200-day moving average of $12.77. The stock has a market capitalization of $3.65 billion, a price-to-earnings ratio of 73.90 and a beta of 0.83.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Nomura Securities raised THK to a "strong-buy" rating in a report on Tuesday, May 27th. Deutsche Bank Aktiengesellschaft cut THK to a "sell" rating in a research note on Friday.

THK Company Profile

THK Co, Ltd. engages in the manufacture and sale of mechanical components worldwide. The company provides linear motion (LM) guides, ball screws, ball splines, LM guide actuators, cross roller rings/ double row angular contact ring, electric actuators, linear motor actuators, cam followers, roller followers, linear bushes, LM strokes, slide packs, slide rails, cross roller guides and tables, linear ball slides, LM and flat rollers, spline nuts, screw nuts, change nuts, precision linear packs, link balls, rod ends, spherical plain bearings, lubrication accessories, and seismic isolation products.