Toray Industries (OTCMKTS:TRYIY) Updates 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 Price Performance

Shares of TRYIY stock traded up $0.20 during trading on Wednesday, hitting $14.02. 9,517 shares of the stock traded hands, compared to its average volume of 20,880. The firm has a market capitalization of $11.23 billion, a P/E ratio of 35.95 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 firm’s fifty day moving average price is $13.08 and its 200-day moving average price is $11.68.

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