Nikon Corp (NINOY) to Post FY2017 Earnings of ($0.15) Per Share, Jefferies Group Forecasts
Nikon Corp (OTC:NINOY) – Equities researchers at Jefferies Group lowered their FY2017 earnings estimates for shares of Nikon Corp in a report issued on Wednesday. Jefferies Group analyst M. Nakanomyo now forecasts that the firm will earn ($0.15) per share for the year, down from their prior forecast of $0.79. Jefferies Group also issued estimates for Nikon Corp’s FY2018 earnings at $1.08 EPS and FY2019 earnings at $0.77 EPS.
Separately, JPMorgan Chase & Co. lowered Nikon Corp from a “neutral” rating to an “underweight” rating in a report on Wednesday, October 19th.
Nikon Corp (OTC:NINOY) traded down 2.247% during mid-day trading on Friday, hitting $14.575. The company had a trading volume of 4,977 shares. Nikon Corp has a 52 week low of $12.70 and a 52 week high of $16.50. The firm’s 50 day moving average is $0.00 and its 200 day moving average is $0.00.
About Nikon Corp
NIKON CORPORATION is mainly engaged in the manufacture and sale of image and video equipment. The Company operates in three business segments. The Precision Equipment segment offers semiconductor exposure apparatus and flat panel display (FPD) exposure apparatus products and services. The Video segment provides video related and its peripheral area products and services, such as interchangeable lens type digital cameras, compact digital cameras and interchangeable lenses.
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