Lenovo Group (LNVGY) Projected to Post Quarterly Earnings on Wednesday

Lenovo Group (OTCMKTS:LNVGY) is anticipated to announce its results before the market opens on Wednesday, August 12th. Analysts expect Lenovo Group to announce earnings of $0.65 per share and revenue of $22.5578 billion for the quarter.

Lenovo Group (OTCMKTS:LNVGY) last announced its earnings results on Thursday, May 21st. The technology company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.28. The business had revenue of $21.59 billion for the quarter, compared to analysts’ expectations of $19.39 billion. Lenovo Group had a return on equity of 27.74% and a net margin of 2.30%. On average, analysts expect Lenovo Group to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Lenovo Group Trading Up 3.7%

Shares of Lenovo Group stock opened at $66.48 on Wednesday. The company’s fifty day simple moving average is $59.71 and its 200-day simple moving average is $38.15. The stock has a market capitalization of $41.23 billion, a PE ratio of 24.00 and a beta of 1.14. Lenovo Group has a 1-year low of $21.00 and a 1-year high of $68.79. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.95 and a quick ratio of 0.66.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Lenovo Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Lenovo Group presently has an average rating of “Buy”.

Lenovo Group Company Profile

Lenovo Group is a multinational technology company known primarily for the design, manufacture and sale of personal computers, servers, storage and smart devices. Its product portfolio spans consumer and commercial PCs (notable brands include ThinkPad, IdeaPad, Yoga and Legion), workstations, enterprise-class ThinkSystem servers and storage, as well as tablets, smartphones (notably through its Motorola Mobility acquisition), smart home devices and related software. Lenovo also provides IT services and solutions, including systems integration, managed services and lifecycle support for enterprise customers.

The company traces its origins to 1984 when it was founded in Beijing as Legend by Liu Chuanzhi; it later adopted the Lenovo name and expanded through a series of strategic acquisitions.