Rakuten (OTCMKTS:RKUNY) Issues Quarterly Earnings Results, Beats Expectations By $0.08 EPS

Rakuten (OTCMKTS:RKUNY) posted its quarterly earnings results on Monday. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.08, Zacks reports. The company had revenue of $4.18 billion for the quarter, compared to analysts’ expectations of $4.11 billion. Rakuten had a negative return on equity of 10.02% and a negative net margin of 4.83%.

Rakuten Price Performance

Shares of RKUNY stock remained flat at $5.61 during trading on Tuesday. 69,701 shares of the stock traded hands, compared to its average volume of 55,212. The firm’s 50-day moving average price is $4.85 and its two-hundred day moving average price is $5.07. Rakuten has a 1 year low of $4.24 and a 1 year high of $7.04. The company has a debt-to-equity ratio of 4.43, a current ratio of 1.15 and a quick ratio of 1.15. The company has a market capitalization of $12.24 billion, a price-to-earnings ratio of -15.16 and a beta of 1.11.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Rakuten from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Rakuten has a consensus rating of “Buy”.

About Rakuten

Rakuten, Inc is a diversified internet services company based in Tokyo, Japan, and founded in 1997 by Hiroshi Mikitani, who continues to serve as chairman and chief executive officer. Originally established as an online marketplace, Rakuten has expanded its reach to become a global technology group offering a wide range of digital services and consumer-facing platforms. The company is listed in Japan but its American depositary receipts trade over the counter under the symbol RKUNY.

At the core of Rakuten’s business is its e-commerce marketplace, Rakuten Ichiba, which hosts millions of merchants and serves tens of millions of customers across Japan and other key markets.