Nintendo Co. to Post FY2018 Earnings of $1.63 Per Share, Jefferies Group Forecasts (NTDOY)
Nintendo Co. (OTCMKTS:NTDOY) – Equities research analysts at Jefferies Group raised their FY2018 earnings estimates for shares of Nintendo in a research report issued on Tuesday. Jefferies Group analyst A. Goyal now forecasts that the company will earn $1.63 per share for the year, up from their prior forecast of $1.62. Jefferies Group also issued estimates for Nintendo’s FY2019 earnings at $3.14 EPS.
NTDOY has been the subject of a number of other reports. CLSA cut shares of Nintendo from an “underperform” rating to a “sell” rating in a report on Wednesday, October 25th. Zacks Investment Research upgraded shares of Nintendo from a “hold” rating to a “strong-buy” rating and set a $53.00 price objective for the company in a report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Nintendo currently has a consensus rating of “Buy” and an average target price of $59.50.
Shares of Nintendo (OTCMKTS:NTDOY) traded up $2.00 during midday trading on Thursday, hitting $52.55. 387,213 shares of the stock were exchanged, compared to its average volume of 392,978. The firm has a market capitalization of $57,290.95, a PE ratio of 47.24 and a beta of 0.59. Nintendo has a 52-week low of $24.12 and a 52-week high of $51.74.
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