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 earnings per share guidance of 0.360-0.360 for the period. The company issued revenue guidance of $17.0 billion-$17.0 billion.

Toray Industries Trading Up 1.4 %

Shares of Toray Industries stock traded up $0.20 during mid-day trading on Wednesday, hitting $14.02. 9,517 shares of the stock were exchanged, compared to its average volume of 20,880. The company has a 50-day simple moving average of $13.08 and a 200 day simple moving average of $11.68. The stock has a market capitalization of $11.23 billion, a price-to-earnings ratio of 35.95 and a beta of 0.77. Toray Industries has a twelve month low of $8.74 and a twelve month high of $14.76.

Toray Industries (OTCMKTS:TRYIY) last issued 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%. Equities research analysts forecast that Toray Industries will post 0.72 earnings per share 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.