Lenovo Group (OTCMKTS:LNVGY) Announces Quarterly Earnings Results

Lenovo Group (OTCMKTS:LNVGY) posted its quarterly earnings results on Thursday. The technology company reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $1.13, Zacks reports. The company had revenue of $26.94 billion for the quarter, compared to the consensus estimate of $22.56 billion. Lenovo Group had a net margin of 2.30% and a return on equity of 27.74%.

Lenovo Group Trading Down 3.0%

LNVGY opened at $85.15 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.95 and a quick ratio of 0.66. Lenovo Group has a fifty-two week low of $21.00 and a fifty-two week high of $89.99. The company’s 50 day moving average price is $61.53 and its two-hundred day moving average price is $40.65. The firm has a market capitalization of $52.81 billion, a price-to-earnings ratio of 30.74 and a beta of 1.14.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Lenovo Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Lenovo Group Company Profile

Lenovo Group is a multinational technology company known primarily for the design, manufacture and sale of personal computers, servers, storage and smart devices. Its product portfolio spans consumer and commercial PCs (notable brands include ThinkPad, IdeaPad, Yoga and Legion), workstations, enterprise-class ThinkSystem servers and storage, as well as tablets, smartphones (notably through its Motorola Mobility acquisition), smart home devices and related software. Lenovo also provides IT services and solutions, including systems integration, managed services and lifecycle support for enterprise customers.

The company traces its origins to 1984 when it was founded in Beijing as Legend by Liu Chuanzhi; it later adopted the Lenovo name and expanded through a series of strategic acquisitions.