Nikon Co. (OTCMKTS:NINOY) to Post Q3 2021 Earnings of ($0.05) Per Share, Jefferies Financial Group Forecasts

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Nikon Co. (OTCMKTS:NINOY) – Equities researchers at Jefferies Financial Group issued their Q3 2021 earnings estimates for shares of Nikon in a research report issued to clients and investors on Tuesday, January 12th. Jefferies Financial Group analyst M. Nakanomyo anticipates that the company will earn ($0.05) per share for the quarter. Jefferies Financial Group also issued estimates for Nikon’s Q4 2021 earnings at ($0.14) EPS and FY2023 earnings at $0.39 EPS.

Nikon (OTCMKTS:NINOY) last announced its earnings results on Thursday, November 5th. The company reported ($0.46) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.38). The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $949.07 million. Nikon had a negative return on equity of 7.32% and a negative net margin of 8.51%.

Separately, Zacks Investment Research upgraded Nikon from a “sell” rating to a “hold” rating and set a $6.25 target price on the stock in a research report on Monday, November 2nd.

Shares of Nikon stock opened at $7.20 on Thursday. The business has a 50-day moving average price of $6.50 and a two-hundred day moving average price of $7.03. Nikon has a 1-year low of $5.82 and a 1-year high of $12.72. The company has a current ratio of 2.01, a quick ratio of 1.19 and a debt-to-equity ratio of 0.19. The company has a market cap of $2.72 billion, a P/E ratio of -7.20 and a beta of 0.57.

Nikon Company Profile

Nikon Corporation manufactures and sells optical instruments in Japan and internationally. It operates through three segments: Imaging Products Business, Precision Equipment Business, and Healthcare Business. The Imaging Products Business segment develops, manufacture, sells, and services digital SLR cameras, compact digital cameras, and interchangeable camera lenses.

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