NIKON Corp/ADR (NINOY) Lifted to Hold at Jefferies Financial Group

Jefferies Financial Group upgraded shares of NIKON Corp/ADR (OTCMKTS:NINOY) from an underperform rating to a hold rating in a research note released on Tuesday morning, The Fly reports. Jefferies Financial Group also issued estimates for NIKON Corp/ADR’s FY2019 earnings at $1.26 EPS, FY2020 earnings at $1.20 EPS and FY2021 earnings at $1.02 EPS.

A number of other research analysts also recently issued reports on NINOY. Zacks Investment Research downgraded NIKON Corp/ADR from a buy rating to a hold rating in a report on Tuesday, June 19th. ValuEngine cut NIKON Corp/ADR from a hold rating to a sell rating in a research report on Thursday, July 5th.

Shares of OTCMKTS:NINOY opened at $18.87 on Tuesday. NIKON Corp/ADR has a 12-month low of $15.24 and a 12-month high of $21.04. The firm has a market capitalization of $7.69 billion, a PE ratio of 23.89, a P/E/G ratio of 1.27 and a beta of 0.47. The company has a current ratio of 1.93, a quick ratio of 1.33 and a debt-to-equity ratio of 0.20.

NIKON Corp/ADR (OTCMKTS:NINOY) last announced its quarterly earnings results on Tuesday, August 7th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.16. NIKON Corp/ADR had a return on equity of 7.52% and a net margin of 5.94%. The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.47 billion. equities research analysts forecast that NIKON Corp/ADR will post 1.31 EPS for the current year.

NIKON Corp/ADR Company Profile

Nikon Corporation manufactures and sells optical instruments in Japan and internationally. It operates through Imaging Products Business, Precision Equipment Business, Healthcare Business, and Industrial Metrology and Others segments. The Imaging Products Business segment develops, manufacture, sells and service of digital cameras?interchangeable lens type, interchangeable lenses and compact digital cameras, and other products.

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