Rakuten (OTCMKTS:RKUNY) Issues Quarterly Earnings Results, Beats Estimates By $0.07 EPS

Rakuten (OTCMKTS:RKUNY) posted its quarterly earnings results on Thursday. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.07, Zacks reports. Rakuten had a negative net margin of 7.13% and a negative return on equity of 14.73%.

Rakuten Stock Up 2.5%

Rakuten stock traded up $0.12 during midday trading on Thursday, hitting $4.99. 161,519 shares of the company’s stock were exchanged, compared to its average volume of 48,817. The company has a debt-to-equity ratio of 4.11, a quick ratio of 1.16 and a current ratio of 1.16. Rakuten has a 12 month low of $4.50 and a 12 month high of $7.04. The firm has a 50-day moving average of $4.90 and a two-hundred day moving average of $5.69. The company has a market cap of $10.85 billion, a PE ratio of -9.24 and a beta of 1.15.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Rakuten from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

Rakuten Company Profile

Rakuten, Inc is a diversified internet services company based in Tokyo, Japan, and founded in 1997 by Hiroshi Mikitani, who continues to serve as chairman and chief executive officer. Originally established as an online marketplace, Rakuten has expanded its reach to become a global technology group offering a wide range of digital services and consumer-facing platforms. The company is listed in Japan but its American depositary receipts trade over the counter under the symbol RKUNY.

At the core of Rakuten’s business is its e-commerce marketplace, Rakuten Ichiba, which hosts millions of merchants and serves tens of millions of customers across Japan and other key markets.