Nidec (NJDCY) Projected to Release Earnings on Tuesday

Nidec (OTCMKTS:NJDCY) is expected to release its resultson Tuesday, July 28th. Analysts expect the company to announce earnings of $0.1085 per share and revenue of $4.5090 billion for the quarter.

Nidec Stock Performance

Shares of NJDCY stock opened at $3.86 on Monday. Nidec has a 1-year low of $1.84 and a 1-year high of $5.70. The stock has a market cap of $36.83 billion, a price-to-earnings ratio of 14.85 and a beta of 1.29. The stock has a 50-day moving average of $4.10 and a 200-day moving average of $3.76.

Wall Street Analysts Forecast Growth

Separately, Citigroup downgraded shares of Nidec from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Nidec Company Profile

Nidec Corporation is a global manufacturer of electric motors and related systems, supplying components and finished products for a wide range of industries. The company is best known for its precision small motors used in computer hard-disk drives and other compact applications, and it has broadened its product portfolio to include motors, drives, controllers and mechatronic systems for consumer appliances, office automation, industrial equipment and automotive applications.

Its product range encompasses brushless DC motors, induction motors, servo systems, power electronics and complete motor-driven systems designed for energy efficiency and high performance.