Media stories about Canon (NYSE:CAJ) have trended somewhat positive recently, according to InfoTrie. The research firm ranks the sentiment of press coverage by analyzing more than 6,000 blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Canon earned a media sentiment score of 1.38 on their scale. InfoTrie also gave headlines about the technology company an news buzz score of 0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock’s share price in the near term.
Here are some of the media stories that may have impacted Canon’s analysis:
- Keypoint Intelligence Ranks Canon #1 in Inkjet Market Share for Third Consecutive Year (finance.yahoo.com)
- Cinematic Imaging Reimagined: Introducing Sumire Prime Lenses From Canon (finance.yahoo.com)
- Canon Announces Free Firmware Updates For Professional 4K Reference Displays (finance.yahoo.com)
- Canon (CAJ) Receiving Somewhat Favorable News Coverage, Analysis Finds (americanbankingnews.com)
- Canon Introduces Two New UHDgc 2/3-inch Portable Zoom Lenses Designed For 4K UHD Broadcast Cameras (finance.yahoo.com)
Several research firms have recently commented on CAJ. ValuEngine cut shares of Canon from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. Zacks Investment Research raised shares of Canon from a “sell” rating to a “hold” rating in a research note on Tuesday, December 25th. Finally, Goldman Sachs Group raised shares of Canon from a “sell” rating to a “neutral” rating in a research note on Thursday, February 21st.
CAJ opened at $29.35 on Friday. Canon has a one year low of $26.36 and a one year high of $36.85. The company has a current ratio of 1.99, a quick ratio of 1.40 and a debt-to-equity ratio of 0.12. The company has a market cap of $31.43 billion, a PE ratio of 13.78, a P/E/G ratio of 3.38 and a beta of 0.60.
Canon (NYSE:CAJ) last released its quarterly earnings results on Wednesday, January 30th. The technology company reported $0.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.08. Canon had a net margin of 6.40% and a return on equity of 8.22%. The business had revenue of $9.39 billion for the quarter, compared to analysts’ expectations of $10.03 billion. As a group, equities analysts anticipate that Canon will post 1.92 EPS for the current fiscal year.
The business also recently declared a Semi-Annual dividend, which will be paid on Friday, April 5th. Stockholders of record on Friday, December 28th will be paid a dividend of $0.575 per share. This is a boost from Canon’s previous Semi-Annual dividend of $0.57. The ex-dividend date of this dividend is Thursday, December 27th. Canon’s dividend payout ratio is 53.99%.
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Canon Inc manufactures and sells office multifunction devices (MFDs), plain paper copying machines, laser and inkjet printers, cameras, diagnostic equipment, and lithography equipment. The company operates in four segments: Office Business Unit, Imaging System Business Unit, Medical System Business Unit, and Industry and Others Business Unit.
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