Nomura (NYSE:NMR) Shares Gap Down Following Weak Earnings

Nomura Holdings, Inc. (NYSE:NMR) gapped down prior to trading on Monday following a dissappointing earnings announcement. The stock had previously closed at $5.78, but opened at $5.54. Nomura shares last traded at $5.54, with a volume of 184,285 shares.

The financial services provider reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.03). The company had revenue of $7.08 billion during the quarter, compared to the consensus estimate of $451.20 billion. Nomura had a return on equity of 9.19% and a net margin of 7.96%.

Hedge Funds Weigh In On Nomura

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB acquired a new position in shares of Nomura during the third quarter worth $25,000. R Squared Ltd acquired a new position in Nomura during the 4th quarter worth about $26,000. Adero Partners LLC bought a new stake in shares of Nomura in the 4th quarter valued at about $59,000. Savant Capital LLC bought a new stake in Nomura in the fourth quarter valued at approximately $59,000. Finally, Cannell & Spears LLC bought a new position in Nomura during the fourth quarter worth $73,000. 15.14% of the stock is currently owned by institutional investors and hedge funds.

Nomura Stock Performance

The company has a debt-to-equity ratio of 7.52, a current ratio of 1.17 and a quick ratio of 1.11. The stock has a fifty day simple moving average of $6.05 and a two-hundred day simple moving average of $5.97. The firm has a market capitalization of $16.50 billion, a P/E ratio of 7.92, a P/E/G ratio of 0.30 and a beta of 0.65.

About Nomura

Nomura Holdings, Inc provides various financial services to individuals, corporations, financial institutions, governments, and governmental agencies worldwide. It operates through three segments: Retail, Investment Management, and Wholesale. The Retail segment offers various financial products and investment consultation services.