Nikon (NINOY) Set to Announce Earnings on Thursday

Nikon (OTCMKTS:NINOY) is projected to release 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, topping 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 Price Performance

Shares of OTCMKTS NINOY opened at $10.66 on Tuesday. The stock has a fifty day moving average price of $11.57 and a two-hundred day moving average price of $12.27. The company has a quick ratio of 0.92, a current ratio of 1.91 and a debt-to-equity ratio of 0.21. Nikon has a 1 year low of $10.05 and a 1 year high of $15.00.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Nikon to a “hold” rating in a research note on Friday, September 25th. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the company presently has an average 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.