Konica Minolta (OTCMKTS:KNCAY) Posts Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Key Points

• Konica Minolta reported quarterly earnings of $0.12 EPS, exceeding estimates of $0.08 EPS by $0.04.
• The company's revenue for the quarter was $1.74 billion, which was significantly lower than analyst estimates of $253.67 billion.
• Konica Minolta's stock price remained flat at $6.52, with a market cap of $1.61 billion and a negative return on equity of 0.84%.

Konica Minolta (OTCMKTS:KNCAY - Get Free Report) announced its quarterly earnings results on Thursday. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.08 by $0.04, Zacks reports. The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $253.67 billion. Konica Minolta had a negative return on equity of 0.84% and a negative net margin of 0.40%.

Konica Minolta Stock Performance

Shares of Konica Minolta stock remained flat at $6.52 during trading on Friday. The stock had a trading volume of 3 shares, compared to its average volume of 477. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of -54.33 and a beta of 0.82. The company has a current ratio of 1.63, a quick ratio of 1.14 and a debt-to-equity ratio of 0.45. Konica Minolta has a 1 year low of $4.87 and a 1 year high of $9.30. The firm's 50-day moving average is $6.26 and its two-hundred day moving average is $6.59.

Konica Minolta Company Profile

Konica Minolta, Inc engages in digital workplace, professional print, healthcare, and industrial businesses in Japan, China, other Asian countries, the United States, Europe, and internationally. It develops, manufactures, and sells multi-functional peripherals, digital printing systems, and related consumables, as well as offers IT and printing solutions and services.

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