DAIKIN INDUSTRI/ADR (DKILY) Updates FY 2019 Earnings Guidance

DAIKIN INDUSTRI/ADR (OTCMKTS:DKILY) issued an update on its FY 2019 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $5.42 for the period. The company issued revenue guidance of $21.824-1.824 billion.

Shares of DKILY stock traded up $0.35 on Wednesday, hitting $11.17. 66,119 shares of the company’s stock traded hands, compared to its average volume of 63,801. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.34 and a current ratio of 1.92. DAIKIN INDUSTRI/ADR has a one year low of $10.62 and a one year high of $13.98. The firm has a market cap of $34.05 billion, a P/E ratio of 18.93, a P/E/G ratio of 2.12 and a beta of 1.00.

Several brokerages have weighed in on DKILY. Zacks Investment Research raised shares of DAIKIN INDUSTRI/ADR from a hold rating to a buy rating and set a $15.00 price target for the company in a research report on Monday, October 1st. ValuEngine raised shares of DAIKIN INDUSTRI/ADR from a hold rating to a buy rating in a research report on Thursday, September 13th. Finally, Deutsche Bank cut shares of DAIKIN INDUSTRI/ADR from a buy rating to a hold rating in a research report on Thursday, September 27th.

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Daikin Industries, Ltd. manufactures, distributes, and sells air-conditioning and refrigeration equipment, and chemical products. Its air-conditioning products include room air-conditioning systems, air purifiers, heat-pump hot-water-supply and room-heating systems, packaged air-conditioning systems, multiple air-conditioning systems for office buildings, air-conditioning systems for facilities and plants, absorption refrigerators, freezers, water chillers, turbo refrigerator equipment, air-handling units, air filters, industrial dust collectors, and marine-type container refrigeration systems.

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