Nikon (OTCMKTS:NINOY) Announces Quarterly Earnings Results, Beats Expectations By $0.21 EPS

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

Nikon Price Performance

Nikon stock traded up $0.12 during midday trading on Thursday, reaching $10.44. 8,456 shares of the stock traded hands, compared to its average volume of 2,029. Nikon has a fifty-two week low of $10.05 and a fifty-two week high of $15.00. The company has a current ratio of 1.91, a quick ratio of 0.92 and a debt-to-equity ratio of 0.21. The firm has a fifty day moving average price of $11.46 and a two-hundred day moving average price of $12.26.

Analyst Ratings Changes

Separately, Zacks Research raised Nikon to a “hold” rating in a report on Friday, September 25th. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat, the company has an average 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.