Nikon (NINOY) Expected to Release Quarterly Earnings on Thursday

Nikon (OTCMKTS:NINOY) is expected to be posting its results after the market closes on Thursday, November 5th. Analysts expect the company to post earnings of ($0.0261) per share and revenue of $1.05 billion for the quarter.

Nikon (OTCMKTS:NINOY) last released its earnings results on Thursday, August 6th. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.06. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1 billion. Nikon had a negative return on equity of 15.50% and a negative net margin of 13.88%.

Nikon Stock Performance

OTCMKTS:NINOY opened at $11.37 on Thursday. The company has a market cap of $3.74 billion, a price-to-earnings ratio of -6.08 and a beta of 0.52. Nikon has a fifty-two week low of $10.05 and a fifty-two week high of $15.00. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.92 and a current ratio of 1.91. The stock has a fifty day moving average price of $11.68 and a 200-day moving average price of $12.29.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Nikon to a “hold” rating in a research report on Friday, September 25th. One equities research analyst has rated the stock with a Hold rating. According to MarketBeat, Nikon currently has a consensus rating of “Hold”.

Nikon Company Profile

Nikon Corporation is a Japan-based optical and imaging technology company best known for its cameras, lenses and other photographic products. Its imaging business serves professional photographers, enthusiasts and content creators through mirrorless and digital SLR cameras, interchangeable lenses, binoculars and related accessories, as well as software and services that support image creation and management.

The company also develops precision equipment for industrial and scientific applications.