FUJIFILM Holdings Co. American Depositary Shares (FUJIY) Cut to “Hold” at Zacks Investment Research

FUJIFILM Holdings Co. American Depositary Shares (OTCMKTS:FUJIY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “FUJIFIM is benefiting from robust performance of Healthcare and Material & Imaging Solutions segments. The company’s buyout of Irvine Scientific Sales (ISUS) and IS JAPAN (ISJ) in April this year is helping it to expand in the fast growing healthcare sector. Solid demand for In-vitro Diagnostic (IVD) systems are expected to drive healthcare revenues. Additionally, continuing solid performance from photo imaging, electronic imaging and optical device businesses are expected to drive Material & Imaging Solutions segments top-line growth. Moreover, FUJIFIM is using artificial intelligence (AI) to assist in development of new products and deliver services to its users’, which is a positive. However, FUJIFILM’s choppy Document Solutions business remains a concern. Moreover, escalating tension over the future of the joint venture (JV) with Xerox is a major headwind. Shares underperformed the industry on a year-to-date basis.”

Shares of FUJIY traded up $1.23 during midday trading on Tuesday, hitting $45.92. 2,684 shares of the stock were exchanged, compared to its average volume of 7,048. FUJIFILM Holdings Co. American Depositary Shares has a 52-week low of $36.91 and a 52-week high of $46.04. The firm has a market cap of $19.65 billion, a P/E ratio of 15.83, a P/E/G ratio of 2.11 and a beta of 0.40. The company has a quick ratio of 2.22, a current ratio of 2.84 and a debt-to-equity ratio of 0.18.

FUJIFILM Holdings Co. American Depositary Shares (OTCMKTS:FUJIY) last released its earnings results on Thursday, August 9th. The technology company reported $0.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.15. The firm had revenue of $5.18 billion during the quarter, compared to analyst estimates of $5.34 billion. FUJIFILM Holdings Co. American Depositary Shares had a return on equity of 5.31% and a net margin of 5.13%. sell-side analysts expect that FUJIFILM Holdings Co. American Depositary Shares will post 2.81 earnings per share for the current year.

About FUJIFILM Holdings Co. American Depositary Shares

FUJIFILM Holdings Corporation develops, produces, sells, and services imaging, information, and document solutions worldwide. Its photo and electronic imaging solutions include color films and others, such as color negative films, single-use cameras, color reversal films, and instant films; color paper and chemicals comprising photographic paper for color prints, inkjet papers, and photofinishing chemicals; photofinishing equipment consisting of film processors/printing equipment, digital minilabs/inkjet-system dry minilabs, and thermal photo printers; digital cameras and camera accessories; and TV camera/cine, and security lenses, as well as film processing and photo printing services.

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