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NITTO DENKO COR/ADR (OTCMKTS:NDEKY) Releases FY 2019 Pre-Market Earnings Guidance

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NITTO DENKO COR/ADR (OTCMKTS:NDEKY) updated its FY 2019
Pre-Market earnings guidance on Monday. The company provided EPS guidance of $$3.05-3.05 for the period. The company issued revenue guidance of $$6.9-6.9 billion.

A number of equities analysts recently commented on the stock. Jefferies Financial Group downgraded shares of NITTO DENKO COR/ADR from a buy rating to a hold rating in a research note on Monday, July 29th. Zacks Investment Research downgraded shares of NITTO DENKO COR/ADR from a strong-buy rating to a hold rating in a research note on Thursday, October 17th. Three equities research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. NITTO DENKO COR/ADR currently has a consensus rating of Sell and a consensus target price of $27.00.

Shares of NDEKY stock traded down $0.06 on Monday, reaching $26.45. 820 shares of the stock were exchanged, compared to its average volume of 12,607. The company has a market capitalization of $8.32 billion, a price-to-earnings ratio of 13.85 and a beta of 1.47. NITTO DENKO COR/ADR has a twelve month low of $21.38 and a twelve month high of $31.01. The business’s 50 day moving average price is $24.88 and its 200 day moving average price is $24.33.

NITTO DENKO COR/ADR Company Profile

Nitto Denko Corporation primarily engages in the adhesive tapes business in Japan and internationally. It provides double sided tapes, surface protective films, sealing materials/NVH related products, masking tapes, membranes, FPD/touch panel related products, gasket materials, semiconductor manufacturing process products, flexible printed circuit boards, porous films/breathable materials, and packaging tapes.

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Earnings History and Estimates for NITTO DENKO COR/ADR (OTCMKTS:NDEKY)

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