Nikon (OTCMKTS:NINOY) Releases Quarterly Earnings Results, Beats Estimates By $0.21 EPS

Nikon (OTCMKTS:NINOY) posted its quarterly earnings results on Thursday. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.21, Zacks reports. Nikon had a negative return on equity of 15.50% and a negative net margin of 13.88%.

Nikon Stock Performance

Shares of Nikon stock traded up $0.12 on Thursday, reaching $10.44. 8,456 shares of the company were exchanged, compared to its average volume of 2,029. Nikon has a 1-year low of $10.05 and a 1-year high of $15.00. The company has a quick ratio of 0.92, a current ratio of 1.91 and a debt-to-equity ratio of 0.21. The company’s 50-day moving average is $11.46 and its two-hundred day moving average is $12.26.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Nikon to a “hold” rating in a research note on Friday, September 25th. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

About Nikon

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.