Zacks Investment Research lowered shares of Nikon (OTCMKTS:NINOY) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning.
According to Zacks, “Nikon’s growth blueprint is based on four initiatives — a merger & acquisition program, research & development program, human resource program and cost-reduction program. Nikon is bullish on its Healthcare business along with Industrial Metrology segment. Moreover, the company is undertaking initiatives to stabilize the financials of its core business areas, including Precision Equipment and Imaging Products, to drive growth. Further, the company’s strategic acquisitions and investments to build its medical business is expected to help it reap significant benefits in the long-run. However, high R&D expenditure, restructuring costs and investments related to the medical business, are escalating the company’s operational costs, thus putting pressure on margins. Shares have underperformed the industry in the past year.”
Separately, ValuEngine raised shares of Nikon from a hold rating to a buy rating in a research report on Friday, February 2nd.
Nikon (OTCMKTS:NINOY) last released its earnings results on Thursday, February 8th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.04). The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.87 billion. Nikon had a net margin of 2.29% and a return on equity of 7.69%. sell-side analysts expect that Nikon will post 0.75 EPS for the current year.
Nikon Company Profile
Nikon Corporation manufactures and sells optical instruments in Japan and internationally. It operates through Imaging Products Business, Precision Equipment Business, Healthcare Business, and Industrial Metrology and Others segments. The Imaging Products Business segment develops, manufacture, sells and service of digital cameras?interchangeable lens type, interchangeable lenses and compact digital cameras, and other products.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Nikon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nikon and related companies with MarketBeat.com's FREE daily email newsletter.