Canon (CAJ) Earns Coverage Optimism Score of 1.60

Press coverage about Canon (NYSE:CAJ) has trended somewhat positive this week, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive media coverage by analyzing more than 6,000 news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Canon earned a news impact score of 1.60 on their scale. InfoTrie also gave news coverage about the technology company an news buzz score of 0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company’s share price in the next few days.

A number of equities research analysts have recently issued reports on CAJ shares. Zacks Investment Research raised shares of Canon from a “sell” rating to a “hold” rating in a research report on Tuesday, August 21st. JPMorgan Chase & Co. downgraded shares of Canon from a “neutral” rating to an “underweight” rating in a research report on Thursday, September 13th.

Shares of CAJ stock opened at $27.72 on Friday. The company has a quick ratio of 1.40, a current ratio of 2.04 and a debt-to-equity ratio of 0.14. Canon has a 1 year low of $27.46 and a 1 year high of $40.67. The firm has a market cap of $30.53 billion, a PE ratio of 12.89, a price-to-earnings-growth ratio of 1.69 and a beta of 0.79.

Canon (NYSE:CAJ) last released its earnings results on Thursday, October 25th. The technology company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.07). Canon had a net margin of 5.88% and a return on equity of 8.36%. The firm had revenue of $8.13 billion for the quarter, compared to analysts’ expectations of $9.01 billion. On average, sell-side analysts forecast that Canon will post 2.07 earnings per share for the current fiscal year.

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About Canon

Canon Inc manufactures and sells office multifunction devices (MFDs), plain paper copying machines, laser and inkjet printers, cameras, diagnostic equipment, and lithography equipment. The company operates in four segments: Office Business Unit, Imaging System Business Unit, Medical System Business Unit, and Industry and Others Business Unit.

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