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

Nikon (OTCMKTS:NINOY) released its quarterly earnings results on Thursday. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate 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 Up 1.2%

OTCMKTS:NINOY traded up $0.12 during midday trading on Thursday, hitting $10.44. 8,456 shares of the stock were exchanged, compared to its average volume of 2,029. Nikon has a one year low of $10.05 and a one year high of $15.00. The business has a 50-day moving average price of $11.46 and a two-hundred day moving average price of $12.26. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.91 and a quick ratio of 0.92.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Nikon to a “hold” rating in a report on Friday, September 25th. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Nikon Company Profile

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.