Nidec Co. (NJDCY) Issues Quarterly Earnings Results, Hits Expectations
Nidec Co. (NASDAQ:NJDCY) posted its earnings results on Tuesday. The company reported $0.24 EPS for the quarter, meeting the consensus estimate of $0.24, MarketWatch Earnings reports. Nidec had a return on equity of 10.73% and a net margin of 7.41%. The firm had revenue of $3.36 billion for the quarter.
Nidec (NASDAQ:NJDCY) remained flat at $32.76 during mid-day trading on Wednesday. 192 shares of the company were exchanged. The firm has a market capitalization of $38.80 billion and a PE ratio of 35.68. The stock’s 50-day moving average price is $28.29 and its 200 day moving average price is $25.35. Nidec has a 12-month low of $20.95 and a 12-month high of $32.08.
Separately, Zacks Investment Research upgraded Nidec from a “sell” rating to a “hold” rating in a research report on Wednesday, September 6th.
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Nidec Corporation is engaged in manufacturing of electric motors and related components and equipment. The Company focuses on providing brushless direct current (DC) motors for the information technology (IT) industry. The Company operates through nine segments: Nidec Corporation, Nidec Electronics (Thailand), Nidec Singapore, Nidec (H.K.), Nidec Sankyo, Nidec Copal, Nidec Techno Motor, Nidec Motor, and Nidec Motors & Actuators.
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