Canon (NYSE:CAJ) Issues FY 2020 Pre-Market Earnings Guidance

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Canon (NYSE:CAJ) issued an update on its FY 2020
Pre-Market earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.74-0.74 for the period. The company issued revenue guidance of $30.526-30.526 billion, compared to the consensus revenue estimate of $30.13 billion.

CAJ traded up $1.48 during trading on Thursday, hitting $20.99. 3,403 shares of the stock were exchanged, compared to its average volume of 327,215. The firm has a market capitalization of $22.33 billion, a P/E ratio of 37.52, a PEG ratio of 23.59 and a beta of 0.44. Canon has a 1-year low of $15.46 and a 1-year high of $28.08. The stock has a fifty day moving average price of $19.31 and a two-hundred day moving average price of $18.00. The company has a quick ratio of 1.12, a current ratio of 1.68 and a debt-to-equity ratio of 0.13.

Canon (NYSE:CAJ) last released its quarterly earnings results on Saturday, October 31st. The technology company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.01 by $0.13. Canon had a net margin of 2.58% and a return on equity of 2.18%. The firm had revenue of $7.16 million during the quarter, compared to the consensus estimate of $6.65 billion. Analysts predict that Canon will post 0.52 EPS for the current year.

Separately, Zacks Investment Research upgraded Canon from a hold rating to a buy rating and set a $22.00 price target on the stock in a research report on Monday, January 4th.

About Canon

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 through four segments: Office Business Unit, Imaging System Business Unit, Medical System Business Unit, and Industry and Others Business Unit.

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Earnings History and Estimates for Canon (NYSE:CAJ)

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