GN Store Nord (OTCMKTS:GNNDY) Posts Quarterly Earnings Results, Misses Expectations By $1.92 EPS

Key Points

• Big earnings miss: GN Store Nord reported quarterly EPS of ($1.43), missing the consensus $0.49 estimate by $1.92.
• Mixed analyst views: Recent notes include downgrades from Jefferies and Zacks while Citigroup reiterated a buy, leaving the consensus rating at "Hold" (2 Buy, 2 Hold, 1 Sell).
• Market and valuation snapshot: Shares traded near $46.60 with a market cap of $2.34 billion and a P/E of 22.62, and the stock's 12‑month range is $39.78–$57.22.

GN Store Nord (OTCMKTS:GNNDY - Get Free Report) released its earnings results on Wednesday. The company reported ($1.43) EPS for the quarter, missing the consensus estimate of $0.49 by ($1.92), Zacks reports. GN Store Nord had a return on equity of 6.31% and a net margin of 3.97%.

GN Store Nord Stock Down 0.0%

OTCMKTS GNNDY traded down $0.02 during mid-day trading on Wednesday, hitting $46.60. The company's stock had a trading volume of 727 shares, compared to its average volume of 619. The company has a current ratio of 1.18, a quick ratio of 0.86 and a debt-to-equity ratio of 0.79. The company's 50 day simple moving average is $45.31 and its 200 day simple moving average is $48.31. GN Store Nord has a twelve month low of $39.78 and a twelve month high of $57.22. The firm has a market capitalization of $2.34 billion, a price-to-earnings ratio of 22.62 and a beta of 1.66.

Analysts Set New Price Targets

A number of research firms have issued reports on GNNDY. Jefferies Financial Group cut GN Store Nord from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 18th. Zacks Research downgraded shares of GN Store Nord from a "hold" rating to a "strong sell" rating in a research report on Thursday, February 12th. Finally, Citigroup reissued a "buy" rating on shares of GN Store Nord in a research note on Thursday, April 30th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold".

GN Store Nord Company Profile

GN Store Nord A/S is a Denmark‐based technology company specializing in intelligent audio solutions. The group operates through two primary business units: GN Hearing, which develops and manufactures advanced hearing aids and associated hearing care technologies, and GN Audio, which produces professional and consumer headsets under the Jabra brand. GN Store Nord's product portfolio spans digital hearing devices, wireless headsets, speakerphones and earbuds, all designed to enhance communication and improve listening experiences for individuals and enterprises alike.

Under the GN Hearing division, the company offers a range of hearing aids and wireless accessories that leverage digital signal processing, artificial intelligence and direct audio streaming.

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