Lenovo Group (LNVGY) Projected to Post Quarterly Earnings on Wednesday

Lenovo Group (OTCMKTS:LNVGY) is anticipated to issue its results before the market opens on Wednesday, February 18th. Analysts expect the company to announce earnings of $0.62 per share for the quarter.

Lenovo Group (OTCMKTS:LNVGY) last released its earnings results on Wednesday, November 19th. The technology company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.60 by $0.15. Lenovo Group had a return on equity of 28.15% and a net margin of 2.17%.The business had revenue of $20.45 billion for the quarter, compared to the consensus estimate of $20.09 billion. On average, analysts expect Lenovo Group to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Lenovo Group Price Performance

Shares of OTCMKTS:LNVGY opened at $23.95 on Wednesday. Lenovo Group has a 1-year low of $17.84 and a 1-year high of $35.09. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.96 and a quick ratio of 0.71. The business has a fifty day moving average price of $23.76 and a 200-day moving average price of $26.81. The company has a market capitalization of $14.70 billion, a PE ratio of 9.82, a PEG ratio of 0.56 and a beta of 0.66.

Wall Street Analyst Weigh In

Several analysts recently commented on LNVGY shares. Zacks Research downgraded shares of Lenovo Group from a “hold” rating to a “strong sell” rating in a research report on Monday, January 12th. JPMorgan Chase & Co. cut shares of Lenovo Group from an “overweight” rating to a “neutral” rating in a report on Thursday, November 20th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce”.

About Lenovo Group

Lenovo Group is a multinational technology company known primarily for the design, manufacture and sale of personal computers, servers, storage and smart devices. Its product portfolio spans consumer and commercial PCs (notable brands include ThinkPad, IdeaPad, Yoga and Legion), workstations, enterprise-class ThinkSystem servers and storage, as well as tablets, smartphones (notably through its Motorola Mobility acquisition), smart home devices and related software. Lenovo also provides IT services and solutions, including systems integration, managed services and lifecycle support for enterprise customers.

The company traces its origins to 1984 when it was founded in Beijing as Legend by Liu Chuanzhi; it later adopted the Lenovo name and expanded through a series of strategic acquisitions.