FY2020 Earnings Forecast for NITTO DENKO COR/ADR (OTCMKTS:NDEKY) Issued By Jefferies Financial Group

NITTO DENKO COR/ADR (OTCMKTS:NDEKY) – Analysts at Jefferies Financial Group upped their FY2020 earnings estimates for NITTO DENKO COR/ADR in a report issued on Wednesday, November 6th. Jefferies Financial Group analyst Y. Azuma now forecasts that the technology company will post earnings per share of $1.42 for the year, up from their prior estimate of $1.26. Jefferies Financial Group has a “Hold” rating on the stock. Jefferies Financial Group also issued estimates for NITTO DENKO COR/ADR’s FY2022 earnings at $1.74 EPS.

Separately, Zacks Investment Research downgraded shares of NITTO DENKO COR/ADR from a “buy” rating to a “hold” rating in a report on Saturday, November 2nd.

Shares of NDEKY stock traded down $0.37 on Friday, hitting $28.59. The stock had a trading volume of 1,706 shares, compared to its average volume of 15,890. The business has a 50 day moving average of $25.61 and a 200 day moving average of $24.34. The stock has a market cap of $8.78 billion, a price-to-earnings ratio of 14.97 and a beta of 1.50. NITTO DENKO COR/ADR has a 12-month low of $21.38 and a 12-month high of $29.01.

NITTO DENKO COR/ADR Company Profile

Nitto Denko Corporation primarily engages in the adhesive tapes business in Japan and internationally. It provides double sided tapes, surface protective films, sealing materials/NVH related products, masking tapes, membranes, FPD/touch panel related products, gasket materials, semiconductor manufacturing process products, flexible printed circuit boards, porous films/breathable materials, and packaging tapes.

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Earnings History and Estimates for NITTO DENKO COR/ADR (OTCMKTS:NDEKY)

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