Nintendo (OTCMKTS:NTDOY) Releases Earnings Results, Beats Expectations By $0.07 EPS

Nintendo (OTCMKTS:NTDOY) released its quarterly earnings results on Tuesday. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.07, Zacks reports. The company had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $464.35 billion. Nintendo had a return on equity of 9.77% and a net margin of 19.61%.

Nintendo Stock Performance

Shares of OTCMKTS:NTDOY traded down $0.11 during trading on Wednesday, hitting $22.03. The company’s stock had a trading volume of 1,491,993 shares, compared to its average volume of 1,806,540. Nintendo has a fifty-two week low of $12.95 and a fifty-two week high of $24.92. The business has a 50 day moving average price of $21.79 and a two-hundred day moving average price of $21.69. The company has a market capitalization of $114.44 billion, a PE ratio of 52.45 and a beta of 0.58.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Wolfe Research lowered shares of Nintendo from a “peer perform” rating to an “underperform” rating in a research report on Wednesday. Wedbush cut Nintendo from an “outperform” rating to a “neutral” rating in a report on Wednesday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Nintendo presently has a consensus rating of “Moderate Buy”.

About Nintendo

Nintendo Co, Ltd., together with its subsidiaries, develops, manufactures, and sells home entertainment products in Japan, the Americas, Europe, and internationally. It also offers video game platforms, playing cards, Karuta, and other products; and handheld and home console hardware systems and related software.