Konica Minolta (KNCAY) Expected to Earn FY2018 Earnings of $1.22 Per Share

Konica Minolta (OTCMKTS:KNCAY) – Investment analysts at Jefferies Group dropped their FY2018 EPS estimates for shares of Konica Minolta in a research note issued to investors on Tuesday, April 3rd. Jefferies Group analyst M. Nakanomyo now expects that the company will earn $1.22 per share for the year, down from their previous estimate of $1.23. Jefferies Group also issued estimates for Konica Minolta’s FY2019 earnings at $1.19 EPS and FY2020 earnings at $1.34 EPS.

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Separately, Zacks Investment Research upgraded shares of Konica Minolta from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a report on Tuesday, January 16th.

KNCAY stock opened at $16.74 on Friday. Konica Minolta has a 52-week low of $15.36 and a 52-week high of $20.71. The stock has a market cap of $4,261.33, a price-to-earnings ratio of 14.30, a PEG ratio of 7.12 and a beta of 0.78.

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About Konica Minolta

Konica Minolta, Inc engages in business technologies, industrial, and healthcare businesses in Japan, the United States, European countries, China, Asia, and internationally. The company develops, manufactures, and sells multi-functional peripherals, laser printers, filing devices, software and peripheral devices, digital color printing systems, digital monochrome printing systems, digital color-proofing systems, computer to plate products, prepress production systems, inkjet printheads, inkjet textile printers, and inkjet inks, as well as print and cloud services.

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