Nikon (OTCMKTS:NINOY) Releases Earnings Results, Misses Expectations By $0.15 EPS

Nikon (OTCMKTS:NINOY) issued its quarterly earnings data on Thursday. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.15), reports. The business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Nikon had a return on equity of 1.99% and a net margin of 1.85%.

Nikon Price Performance

Shares of OTCMKTS NINOY traded down $0.27 during trading hours on Friday, reaching $11.43. 2,086 shares of the stock traded hands, compared to its average volume of 2,203. The company’s 50-day simple moving average is $11.81 and its two-hundred day simple moving average is $10.55. The company has a market capitalization of $3.81 billion, a P/E ratio of 43.96 and a beta of 0.49. Nikon has a 52-week low of $8.50 and a 52-week high of $13.07. The company has a quick ratio of 0.97, a current ratio of 1.98 and a debt-to-equity ratio of 0.21.

Analyst Ratings Changes

Separately, Jefferies Financial Group cut shares of Nikon from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 1st. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Nikon Company Profile

Nikon Corporation manufactures and sells optical instruments in Japan, North America, Europe, China, Thailand, and internationally. It operates through Imaging Products Business, Precision Equipment Business, Healthcare Business, Components Business, and Industrial equipment and Others segments. The Imaging Products Business segment provides digital SLR cameras, compact digital cameras, and interchangeable camera lenses.