Canon (OTCMKTS:CAJPY) Announces Earnings Results

Canon (OTCMKTS:CAJPY) posted its quarterly earnings results on Monday. The company reported $0.89 earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $7.41 billion during the quarter. Canon had a net margin of 7.36% and a return on equity of 9.33%.

Canon Price Performance

Shares of OTCMKTS CAJPY opened at $27.50 on Wednesday. The stock has a market capitalization of $24.16 billion, a price-to-earnings ratio of 10.83 and a beta of 0.53. Canon has a 12 month low of $25.07 and a 12 month high of $32.34. The firm’s 50 day simple moving average is $26.88 and its 200-day simple moving average is $28.00. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.47 and a quick ratio of 0.97.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Canon from a “strong sell” rating to a “hold” rating in a report on Friday, July 10th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

Canon Company Profile

Canon Inc is a multinational corporation headquartered in Tokyo, Japan, renowned for its imaging and optical products. The company’s core businesses encompass the design, manufacturing, and sale of a broad range of products, including digital cameras, interchangeable lenses, printers, scanners, photocopiers, and multifunction office equipment. Canon also offers medical, industrial, and semiconductor lithography systems, supporting sectors such as healthcare, manufacturing, and electronics.

Founded in 1937 as Precision Optical Instruments Laboratory, Canon initially focused on the development of Japan’s first 35mm focal-plane-shutter camera.