DENSO Co. (OTCMKTS:DNZOY) Forecasted to Earn FY2024 Earnings of $2.28 Per Share

DENSO Co. (OTCMKTS:DNZOY – Get Rating) – Equities researchers at Jefferies Financial Group cut their FY2024 earnings per share estimates for DENSO in a report issued on Tuesday, January 17th. Jefferies Financial Group analyst T. Nakanishi now anticipates that the company will post earnings of $2.28 per share for the year, down from their prior estimate of $2.41. The consensus estimate for DENSO’s current full-year earnings is $1.83 per share.

DENSO (OTCMKTS:DNZOY – Get Rating) last released its earnings results on Friday, October 28th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.17). The company had revenue of $11.63 billion during the quarter, compared to analyst estimates of $10.62 billion. DENSO had a net margin of 4.39% and a return on equity of 5.62%.

DENSO Trading Up 1.0 %

OTCMKTS:DNZOY opened at $26.17 on Friday. The firm has a market cap of $40.56 billion, a P/E ratio of 18.96 and a beta of 1.00. The company has a current ratio of 1.88, a quick ratio of 1.23 and a debt-to-equity ratio of 0.16. The stock’s 50 day simple moving average is $26.08 and its 200-day simple moving average is $26.14. DENSO has a 12-month low of $22.75 and a 12-month high of $39.00.

DENSO Company Profile

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DENSO Corporation develops, manufactures, and sells automotive parts in Japan, Asia, North America, Europe, and internationally. The company offers air-conditioning systems, including heat pump air-conditioning systems, refrigerant products, air-conditioning system heat exchangers, bus air-conditioning systems, automotive freezers, and cooling products, as well as heating, ventilation, and air-conditioning units.