Nintendo Co., Ltd (OTCMKTS:NTDOY) – Equities researchers at Wedbush increased their Q3 2018 earnings estimates for shares of Nintendo in a research report issued on Thursday. Wedbush analyst M. Pachter now forecasts that the company will post earnings of $0.45 per share for the quarter, up from their previous estimate of $0.44. Wedbush currently has a “Neutral” rating on the stock. Wedbush also issued estimates for Nintendo’s FY2018 earnings at $0.91 EPS, Q1 2019 earnings at $0.17 EPS, Q2 2019 earnings at $0.27 EPS, Q3 2019 earnings at $0.56 EPS and FY2019 earnings at $1.14 EPS.
Several other analysts also recently commented on NTDOY. Zacks Investment Research raised Nintendo from a “hold” rating to a “strong-buy” rating and set a $53.00 price objective for the company in a research note on Wednesday, October 4th. CLSA downgraded Nintendo from an “underperform” rating to a “sell” rating in a research note on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $59.50.
Nintendo (OTCMKTS:NTDOY) last posted its quarterly earnings data on Monday, October 30th. The company reported $0.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.21. Nintendo had a return on equity of 9.07% and a net margin of 16.12%.
Several hedge funds have recently modified their holdings of NTDOY. Parametric Portfolio Associates LLC raised its stake in shares of Nintendo by 9.5% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 487,190 shares of the company’s stock worth $22,386,000 after buying an additional 42,211 shares in the last quarter. Eqis Capital Management Inc. acquired a new stake in shares of Nintendo in the 4th quarter worth approximately $275,000. Finally, Boston Advisors LLC grew its holdings in shares of Nintendo by 91.1% in the 4th quarter. Boston Advisors LLC now owns 11,075 shares of the company’s stock worth $499,000 after acquiring an additional 5,280 shares during the period. 0.14% of the stock is owned by institutional investors and hedge funds.
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Nintendo Co, Ltd. is mainly engaged in the development, manufacture and sale of entertainment products in home entertainment field. The Company’s main products include leisure machines such as portable and console game machines and software, as well as trump and Carta (Japanese-style playing cards). As of March 31, 2014, the Company had 29 subsidiaries and six associated companies.
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