Toyota Industries (OTCMKTS:TYIDY) Releases Earnings Results, Beats Estimates By $0.61 EPS

Key Points

• Toyota Industries reported $0.78 EPS for the quarter, beating analysts' consensus of $0.17 by $0.61.
• Shares opened at $126.10 with a market cap of $37.89 billion and a P/E ratio of 0.37; the 52‑week range is $103.16–$136.11 and the 50/200‑day moving averages are $128.43/$120.24.
• Zacks recently revised its rating to "Hold" and MarketBeat shows a consensus rating of Hold.

Toyota Industries (OTCMKTS:TYIDY - Get Free Report) posted its earnings results on Tuesday. The company reported $0.78 EPS for the quarter, beating analysts' consensus estimates of $0.17 by $0.61, Zacks reports.

Toyota Industries Price Performance

Shares of OTCMKTS:TYIDY opened at $126.10 on Tuesday. The stock has a market cap of $37.89 billion and a P/E ratio of 0.37. The firm has a fifty day moving average price of $128.43 and a 200 day moving average price of $120.24. Toyota Industries has a 1-year low of $103.16 and a 1-year high of $136.11.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Toyota Industries to a "hold" rating in a research report on Monday, April 13th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Hold".

Toyota Industries Company Profile

Toyota Industries Corporation, headquartered in Kariya, Aichi Prefecture, Japan, traces its origins to Sakichi Toyoda’s Toyoda Automatic Loom Works founded in 1926. As the founding member of the Toyota Group, it has grown from a textile machinery manufacturer into a diversified industrial and automotive supplier. Throughout its history, Toyota Industries has emphasized innovation, quality management and continuous improvement to expand its global footprint.

The company’s Material Handling Equipment segment, marketed under the Toyota Material Handling brand, is a leading producer of forklift trucks, warehouse vehicles and automated guided vehicles.

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