Rakuten (OTCMKTS:RKUNY) Releases Earnings Results, Beats Estimates By $0.07 EPS

Rakuten (OTCMKTS:RKUNY) posted its quarterly earnings data on Thursday. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.07, Zacks reports. Rakuten had a negative return on equity of 14.73% and a negative net margin of 7.13%.The firm had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $3.92 billion.

Rakuten Trading Down 1.0%

RKUNY traded down $0.05 during midday trading on Friday, reaching $4.94. 31,783 shares of the company’s stock traded hands, compared to its average volume of 48,488. The firm has a fifty day moving average of $4.90 and a two-hundred day moving average of $5.68. The stock has a market capitalization of $10.74 billion, a price-to-earnings ratio of -9.15 and a beta of 1.15. The company has a debt-to-equity ratio of 4.11, a current ratio of 1.16 and a quick ratio of 1.16. Rakuten has a 52 week low of $4.50 and a 52 week high of $7.04.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Rakuten from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Two research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Rakuten has a consensus rating of “Buy”.

About Rakuten

Rakuten, Inc is a diversified internet services company based in Tokyo, Japan, and founded in 1997 by Hiroshi Mikitani, who continues to serve as chairman and chief executive officer. Originally established as an online marketplace, Rakuten has expanded its reach to become a global technology group offering a wide range of digital services and consumer-facing platforms. The company is listed in Japan but its American depositary receipts trade over the counter under the symbol RKUNY.

At the core of Rakuten’s business is its e-commerce marketplace, Rakuten Ichiba, which hosts millions of merchants and serves tens of millions of customers across Japan and other key markets.