Nintendo (OTCMKTS:NTDOY) Shares Gap Up on Strong Earnings

Nintendo Co. (OTCMKTS:NTDOY) shares gapped up before the market opened on Monday following a better than expected earnings announcement. The stock had previously closed at $10.45, but opened at $11.08. Nintendo shares last traded at $11.0550, with a volume of 1,149,152 shares.

The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. Nintendo had a return on equity of 13.82% and a net margin of 18.33%.The company had revenue of $2.60 billion for the quarter, compared to analyst estimates of $2.63 billion. Nintendo has set its FY 2026 guidance at 0.429-0.429 EPS.

Analyst Ratings Changes

NTDOY has been the topic of several analyst reports. China Renaissance reiterated a “sell” rating on shares of Nintendo in a research note on Wednesday, February 4th. UBS Group upgraded Nintendo from a “sell” rating to a “neutral” rating in a research note on Wednesday, February 4th. Zacks Research lowered Nintendo from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 6th. TD Cowen reiterated a “buy” rating on shares of Nintendo in a research note on Tuesday, April 14th. Finally, Benchmark reiterated a “buy” rating on shares of Nintendo in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold”.

Institutional Investors Weigh In On Nintendo

A number of large investors have recently modified their holdings of NTDOY. Atlatl Advisers LLC purchased a new stake in shares of Nintendo during the third quarter worth about $462,000. Appleton Partners Inc. MA grew its stake in shares of Nintendo by 0.7% during the third quarter. Appleton Partners Inc. MA now owns 127,279 shares of the company’s stock worth $2,716,000 after acquiring an additional 837 shares during the last quarter. AdvisorShares Investments LLC purchased a new stake in shares of Nintendo during the third quarter worth about $1,052,000. PNC Financial Services Group Inc. grew its stake in shares of Nintendo by 30.6% during the third quarter. PNC Financial Services Group Inc. now owns 7,891 shares of the company’s stock worth $168,000 after acquiring an additional 1,851 shares during the last quarter. Finally, Dorsey Wright & Associates purchased a new stake in shares of Nintendo during the third quarter worth about $1,562,000. Hedge funds and other institutional investors own 0.02% of the company’s stock.

Nintendo Stock Up 5.8%

The firm has a market cap of $56.92 billion, a PE ratio of 18.43 and a beta of 0.41. The stock has a 50 day moving average price of $13.79 and a two-hundred day moving average price of $16.60.

About Nintendo

Nintendo Co, Ltd., headquartered in Kyoto, Japan, is a global entertainment company best known for designing, manufacturing and marketing video game hardware and software. Founded in 1889 as a playing-card company, Nintendo transitioned into electronic entertainment in the latter half of the 20th century and has since become one of the most recognizable names in interactive entertainment. The company serves markets worldwide, with major operations and customer bases in Japan, North America and Europe, and it maintains a presence through regional subsidiaries, distribution partners and digital storefronts.

Nintendo’s business spans console and handheld hardware, first-party software titles, digital services and licensing.