Nikon (OTCMKTS:NINOY) Posts Quarterly Earnings Results, Beats Estimates By $0.21 EPS

Nikon (OTCMKTS:NINOY) announced its quarterly earnings results on Thursday. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.21, Zacks reports. Nikon had a negative net margin of 13.88% and a negative return on equity of 15.50%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.05 billion.

Nikon Stock Performance

Shares of NINOY stock traded down $0.40 during trading hours on Friday, reaching $9.76. The company had a trading volume of 4,015 shares, compared to its average volume of 1,839. The business has a fifty day moving average price of $11.41 and a 200-day moving average price of $12.25. Nikon has a one year low of $9.50 and a one year high of $15.00. The firm has a market cap of $3.21 billion, a PE ratio of -6.06 and a beta of 0.56. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.92 and a current ratio of 1.91.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Nikon to a “hold” rating in a research note on Friday, September 25th. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Nikon Company Profile

Nikon Corporation is a Japan-based optical and imaging technology company best known for its cameras, lenses and other photographic products. Its imaging business serves professional photographers, enthusiasts and content creators through mirrorless and digital SLR cameras, interchangeable lenses, binoculars and related accessories, as well as software and services that support image creation and management.

The company also develops precision equipment for industrial and scientific applications.