Toray Industries (OTCMKTS:TRYIY) Releases 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 Stock Up 7.8 %

Shares of Toray Industries stock opened at $13.26 on Friday. The company has a market cap of $10.62 billion, a PE ratio of 34.00 and a beta of 0.77. Toray Industries has a 52 week low of $8.74 and a 52 week high of $14.76. The business has a 50 day moving average price of $13.08 and a 200-day moving average price of $11.71.

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

Toray Industries Company Profile

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.