Nitto Denko (NDEKY) Expected to Announce Quarterly Earnings on Tuesday

Nitto Denko (OTCMKTS:NDEKY) is anticipated to post its resultson Tuesday, July 28th. Analysts expect the company to post earnings of $0.4464 per share and revenue of $1.5961 billion for the quarter.

Nitto Denko (OTCMKTS:NDEKY) last announced its earnings results on Monday, April 27th. The technology company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.03). Nitto Denko had a return on equity of 12.47% and a net margin of 13.00%.The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.54 billion.

Nitto Denko Price Performance

Shares of NDEKY opened at $20.09 on Monday. The business has a 50-day moving average of $19.49 and a 200-day moving average of $20.74. The company has a market capitalization of $13.63 billion, a price-to-earnings ratio of 15.34 and a beta of 0.84. Nitto Denko has a 1 year low of $17.75 and a 1 year high of $26.48.

Analyst Ratings Changes

Separately, The Goldman Sachs Group lowered shares of Nitto Denko from a “strong-buy” rating to a “neutral” rating in a report on Monday, June 8th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Nitto Denko Company Profile

Nitto Denko Corporation, trading over‐the‐counter in the U.S. under the symbol NDEKY, is a Japan‐based manufacturer specializing in advanced materials and components. The company’s core offerings include pressure-sensitive adhesive tapes, optical films, and functional polymers used across a broad spectrum of industries. With a focus on innovation, Nitto Denko develops solutions for electronics, automotive, and healthcare markets, leveraging proprietary coating, lamination and microfabrication technologies.

The company’s product portfolio spans display materials—such as polarizing films for LCD panels—semiconductor device protection tapes, thermal interface materials for heat dissipation, and a range of industrial adhesive products.