Nomura Research Institute (OTCMKTS:NRILY) Posts Earnings Results, Beats Estimates By $0.01 EPS

Nomura Research Institute (OTCMKTS:NRILY) announced its quarterly earnings results on Thursday. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01, Zacks reports. Nomura Research Institute had a net margin of 12.96% and a return on equity of 22.63%. The business had revenue of $1.33 billion during the quarter.

Nomura Research Institute Trading Down 13.1%

NRILY traded down $4.66 on Friday, reaching $30.86. 15,980 shares of the company’s stock were exchanged, compared to its average volume of 41,005. Nomura Research Institute has a twelve month low of $30.44 and a twelve month high of $43.20. The company’s 50 day moving average is $39.06 and its 200-day moving average is $38.90. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.84 and a current ratio of 1.72. The company has a market cap of $17.94 billion, a price-to-earnings ratio of 25.93, a PEG ratio of 2.53 and a beta of 0.70.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on NRILY. Citigroup raised shares of Nomura Research Institute from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 19th. Zacks Research lowered Nomura Research Institute from a “hold” rating to a “strong sell” rating in a research note on Monday, December 22nd. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Nomura Research Institute currently has a consensus rating of “Reduce”.

Nomura Research Institute Company Profile

Nomura Research Institute, Ltd. (NRI) is a Tokyo-based provider of management consulting and information technology services. Founded in 1965, the firm combines industry research, strategic advisory and systems development to help corporate and public-sector clients address complex business and technology challenges. NRI is known for integrating consulting insight with large-scale system integration, outsourcing and software solutions to support digital transformation initiatives.

NRI’s core activities include management and IT consulting, system integration, application development, and IT outsourcing.