Toray Industries (OTCMKTS:TRYIY) Issues FY 2024 Earnings Guidance

Toray Industries (OTCMKTS:TRYIY) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.360-0.360 for the period. The company issued revenue guidance of $17.0 billion-$17.0 billion.

Toray Industries Trading Down 12.3 %

OTCMKTS:TRYIY traded down $1.72 during mid-day trading on Thursday, hitting $12.30. The stock had a trading volume of 44,020 shares, compared to its average volume of 20,880. Toray Industries has a twelve month low of $8.74 and a twelve month high of $14.76. The stock has a 50-day simple moving average of $13.08 and a two-hundred day simple moving average of $11.71. The company has a market capitalization of $9.85 billion, a PE ratio of 31.54 and a beta of 0.77.

Toray Industries (OTCMKTS:TRYIY) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.16 earnings per share for the quarter. Toray Industries had a return on equity of 2.50% and a net margin of 1.87%. Sell-side analysts predict that Toray Industries will post 0.72 EPS for the current fiscal year.

About Toray Industries

Toray Industries, Inc, together with its subsidiaries, manufactures, processes, and sells fibers and textiles, performance chemicals, carbon fiber composite materials, environment and engineering products, and life science products in Japan, China, North America, Europe, and internationally. 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-fine fibers; and apparel products.