Fujitsu (OTCMKTS:FJTSY) Announces Earnings Results, Misses Expectations By $0.07 EPS

Fujitsu (OTCMKTS:FJTSY) issued its earnings results on Thursday. The technology company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.07), Zacks reports. The company had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $5.23 billion.

Fujitsu Trading Down 4.7%

Shares of Fujitsu stock opened at $22.89 on Friday. The firm has a 50-day simple moving average of $25.64 and a two-hundred day simple moving average of $23.24. The company has a market cap of $40.20 billion, a P/E ratio of 42.39, a price-to-earnings-growth ratio of 1.11 and a beta of 0.80. Fujitsu has a fifty-two week low of $19.10 and a fifty-two week high of $30.05. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.56 and a current ratio of 1.83.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Fujitsu from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 1st. One investment analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Fujitsu currently has an average rating of “Moderate Buy”.

About Fujitsu

Fujitsu Limited is a Japanese information and communications technology company that provides digital services, technology solutions and consulting to businesses, governments and other organizations. Its offerings include cloud computing, artificial intelligence, data and analytics, cybersecurity, application development, systems integration, managed services and digital transformation support.

The company also supplies computing and technology infrastructure, including servers, storage systems, networking products and related enterprise solutions.