TORAY INDUSTRIE/ADR (TRYIY) Updates FY 2018 Earnings Guidance

TORAY INDUSTRIE/ADR (OTCMKTS:TRYIY) updated its FY 2018 earnings guidance on Friday. The company provided EPS guidance of $0.54 for the period. The company issued revenue guidance of $22.273-22.273 billion.

Separately, Zacks Investment Research lowered TORAY INDUSTRIE/ADR from a hold rating to a sell rating in a report on Friday, August 10th.

Shares of OTCMKTS TRYIY traded up $0.47 during midday trading on Friday, reaching $14.96. 78,736 shares of the company were exchanged, compared to its average volume of 107,587. The company has a quick ratio of 1.05, a current ratio of 1.70 and a debt-to-equity ratio of 0.49. TORAY INDUSTRIE/ADR has a 1 year low of $13.81 and a 1 year high of $20.84. The firm has a market cap of $11.69 billion, a P/E ratio of 13.85, a P/E/G ratio of 3.08 and a beta of 0.29.

TORAY INDUSTRIE/ADR (OTCMKTS:TRYIY) last released its quarterly earnings results on Monday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.02). The company had revenue of $4.98 billion for the quarter. TORAY INDUSTRIE/ADR had a return on equity of 7.59% and a net margin of 4.12%. As a group, analysts anticipate that TORAY INDUSTRIE/ADR will post 0.93 earnings per share for the current year.

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Toray Industries, Inc manufactures, processes, and sells fibers and textiles, performance chemicals, carbon fiber composite materials, environment and engineering products, and life science products. The company offers filament yarns, staple fibers, and spun yarns, as well as woven and knitted fabrics of nylon, polyester, acrylics, and others; non-woven fabrics; ultra-microfiber non-woven fabric with suede-texture; and apparel products.

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