Rakuten (OTCMKTS:RKUNY) Releases Quarterly Earnings Results, Misses Estimates By $0.19 EPS

Rakuten (OTCMKTS:RKUNY) announced its quarterly earnings data on Friday. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.19), Zacks reports. Rakuten had a negative net margin of 2.48% and a negative return on equity of 5.09%.

Rakuten Stock Performance

RKUNY traded up $0.10 during midday trading on Friday, hitting $4.03. 63,502 shares of the company traded hands, compared to its average volume of 84,727. The company’s 50-day moving average is $4.22 and its 200 day moving average is $4.83. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 3.64. The firm has a market capitalization of $8.80 billion, a PE ratio of -21.18 and a beta of 1.10. Rakuten has a 52 week low of $3.78 and a 52 week high of $6.78.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Rakuten to a “hold” rating in a research report on Friday, September 25th. One analyst has rated the stock with a Hold rating. According to MarketBeat, the company has an average rating of “Hold”.

Rakuten Company Profile

Rakuten Group, Inc. is a Japan-based technology and internet services company founded in 1997 by Hiroshi Mikitani, who continues to serve as chairman and chief executive officer. The company operates a broad ecosystem of businesses spanning e-commerce, fintech, communications, digital content, travel, and other online services. Rakuten says its global ecosystem includes more than 70 businesses. Its principal businesses include Rakuten Ichiba, an online shopping marketplace; Rakuten Travel, a lodging and travel-booking service; and digital advertising and content offerings.