Nidec (OTCMKTS:NJDCY) Releases Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Nidec (OTCMKTS:NJDCY) released its quarterly earnings data on Friday. The industrial goods maker reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01), Zacks reports. The firm had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.29 billion. Nidec had a net margin of 6.06% and a return on equity of 9.18%.

Nidec Stock Performance

Shares of NJDCY traded down $0.13 on Friday, reaching $3.40. The company’s stock had a trading volume of 108,331 shares, compared to its average volume of 337,625. Nidec has a 12-month low of $1.84 and a 12-month high of $5.70. The stock’s 50 day simple moving average is $3.95 and its two-hundred day simple moving average is $4.55. The stock has a market capitalization of $32.44 billion, a P/E ratio of 14.78 and a beta of 1.14. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.53 and a quick ratio of 1.00.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Macquarie lowered shares of Nidec from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. Zacks Research raised shares of Nidec from a “strong sell” rating to a “hold” rating in a research note on Monday, September 15th. Finally, Wall Street Zen upgraded Nidec from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 23rd. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Nidec Company Profile

Nidec Corporation, together with its subsidiaries, develops, manufactures, and sells motors, electronics and optical components, and other related products in Japan and internationally. The company offers medium- and large-size motors, small-size and precision motors, motor-related products, units and modules, automotive components, mechanical equipment/machine tools, inspection and measuring equipment, electronic devices, sensors, and other products, as well as mold, molding, cutting, and machining components.