Jefferies Group Comments on Nikon Corp.’s FY2018 Earnings (NINOY)

Nikon Corp. (OTCMKTS:NINOY) – Investment analysts at Jefferies Group lowered their FY2018 earnings per share estimates for shares of Nikon Corp. in a research report issued to clients and investors on Thursday. Jefferies Group analyst M. Nakanomyo now forecasts that the company will post earnings per share of $0.73 for the year, down from their prior forecast of $0.76.

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A number of other brokerages have also recently weighed in on NINOY. Zacks Investment Research cut Nikon Corp. from a “buy” rating to a “hold” rating in a report on Monday, August 14th. ValuEngine upgraded Nikon Corp. from a “hold” rating to a “buy” rating in a report on Friday, September 1st.

Shares of Nikon Corp. (OTCMKTS:NINOY) opened at $20.28 on Friday. The company has a market capitalization of $8,240.00, a price-to-earnings ratio of 19.74 and a beta of 0.46. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.00 and a quick ratio of 1.30. Nikon Corp. has a 1 year low of $13.94 and a 1 year high of $20.83.

Nikon Corp. Company Profile

NIKON CORPORATION is mainly engaged in the manufacture and sale of image and video equipment. The Company operates in three business segments. The Precision Equipment segment offers semiconductor exposure apparatus and flat panel display (FPD) exposure apparatus products and services. The Video segment provides video related and its peripheral area products and services, such as interchangeable lens type digital cameras, compact digital cameras and interchangeable lenses.

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