Daikin Industries (OTCMKTS:DKILY) Shares Gap Down on Disappointing Earnings

Daikin Industries (OTCMKTS:DKILY)’s share price gapped down before the market opened on Wednesday following a dissappointing earnings announcement. The stock had previously closed at $12.40, but opened at $11.04. Daikin Industries shares last traded at $11.38, with a volume of 39,445 shares.

The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.03). Daikin Industries had a net margin of 5.80% and a return on equity of 9.16%. The business had revenue of $7.63 billion during the quarter, compared to analyst estimates of $1,153.92 billion.

Daikin Industries Stock Down 8.5%

The firm has a market capitalization of $33.24 billion, a P/E ratio of 18.29, a PEG ratio of 2.27 and a beta of 0.88. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.24 and a current ratio of 1.98. The firm’s 50-day moving average is $12.56 and its 200 day moving average is $12.44.

About Daikin Industries

Daikin Industries is a Japanese multinational manufacturer best known for its heating, ventilation and air conditioning (HVAC) systems and related products. Headquartered in Osaka, the company designs, manufactures and sells a broad range of climate-control equipment for residential, commercial and industrial applications. Its portfolio spans wall‑mounted and packaged air conditioners, rooftop units, chillers, heat pumps, compressors, air purifiers and controls, as well as associated spare parts and aftermarket services.

In addition to finished HVAC systems, Daikin produces refrigerants and fluorochemical products used across the cooling industry, and it develops compressors and heat-exchange technologies that underpin its product lines.