Nissan Motor (OTCMKTS:NSANY) Posts Quarterly Earnings Results, Beats Estimates By $0.18 EPS

Nissan Motor (OTCMKTS:NSANY) announced its quarterly earnings results on Monday. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.18, Zacks reports. Nissan Motor had a negative net margin of 4.41% and a negative return on equity of 7.53%.

Nissan Motor Price Performance

Shares of OTCMKTS:NSANY opened at $4.24 on Monday. The firm has a fifty day moving average price of $4.18 and a 200 day moving average price of $4.59. Nissan Motor has a fifty-two week low of $3.72 and a fifty-two week high of $6.06. The firm has a market cap of $7.87 billion, a price-to-earnings ratio of -2.12, a P/E/G ratio of 3.98 and a beta of 0.60. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.36 and a current ratio of 1.56.

Analysts Set New Price Targets

Separately, Zacks Research cut shares of Nissan Motor from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 21st. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

About Nissan Motor

Nissan Motor Co, Ltd. is a global automotive manufacturer headquartered in Yokohama, Japan, known for the design, development, production and sale of a wide range of vehicles. The company’s core business includes passenger cars, crossovers, trucks and commercial vehicles, as well as luxury models sold under its Infiniti brand. Nissan is also a pioneer in electric vehicle technology, having introduced its flagship EV model, the Leaf, which has become one of the world’s best-selling electric cars.

In addition to conventional internal combustion engines, Nissan has invested heavily in hybrid and battery-electric powertrains, advanced driver-assistance systems and connected-car technologies.