Nomura Research Institute (OTCMKTS:NRILY) Announces Quarterly Earnings Results, Misses Estimates By $0.03 EPS

Key Points

• Nomura Research Institute reported quarterly EPS of $0.35, missing analysts’ consensus estimate of $0.38 by $0.03. The company posted a 2.41% net margin and 4.38% return on equity.
• Shares fell 1.6% to $38.31 during Thursday trading. The stock has a market capitalization of $21.5 billion and trades at a price-to-earnings ratio of 166.57.
• Zacks upgraded the stock from “strong sell” to “hold.” Analyst coverage currently includes one Strong Buy and two Hold ratings, producing a consensus rating of “Moderate Buy.”

Nomura Research Institute (OTCMKTS:NRILY - Get Free Report) released its earnings results on Thursday. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.38 by ($0.03), Zacks reports. Nomura Research Institute had a net margin of 2.41% and a return on equity of 4.38%.

Nomura Research Institute Stock Down 1.6%

NRILY stock traded down $0.62 during midday trading on Thursday, reaching $38.31. 6,016 shares of the company's stock traded hands, compared to its average volume of 76,238. The company has a market cap of $21.50 billion, a price-to-earnings ratio of 166.57 and a beta of 0.75. The firm's fifty day moving average price is $33.76 and its 200-day moving average price is $30.62. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.56. Nomura Research Institute has a 52 week low of $22.73 and a 52 week high of $42.93.

Analyst Ratings Changes

Separately, Zacks Research raised Nomura Research Institute from a "strong sell" rating to a "hold" rating in a research report on Friday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy".

Nomura Research Institute Company Profile

Nomura Research Institute, Ltd. (NRI) is a Japan-based consulting and information technology services company. It provides management consulting, technology consulting, systems integration, and digital transformation services to corporations, financial institutions, and government organizations.

NRI develops and operates technology platforms and business systems for sectors including securities, banking, insurance, retail, manufacturing, and public services. Its offerings include application development, cloud and data-center services, cybersecurity, information management, and managed technology operations.

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