Lenovo Group (LNVGY) Projected to Post Quarterly Earnings on Thursday

Key Points

• Lenovo Group is set to announce its quarterly earnings on August 21st, with analysts expecting earnings of $0.40 per share and revenue of $19.49 billion.
• In its previous report, the company posted earnings of $0.44 per share, exceeding estimates, with a revenue of $16.98 billion.
• Lenovo Group recently raised its dividend to $0.7593 per share, representing a significant increase from its previous payout, leading to a dividend yield of 366.0%.

Lenovo Group (OTCMKTS:LNVGY - Get Free Report) is expected to be issuing its quarterly earnings data before the market opens on Thursday, August 21st. Analysts expect the company to announce earnings of $0.40 per share and revenue of $19.49 billion for the quarter.

Lenovo Group (OTCMKTS:LNVGY - Get Free Report) last announced its quarterly earnings results on Thursday, May 22nd. The technology company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.04. Lenovo Group had a net margin of 2.27% and a return on equity of 29.13%. The firm had revenue of $16.98 billion during the quarter, compared to analysts' expectations of $15.77 billion. On average, analysts expect Lenovo Group to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Lenovo Group Stock Up 2.2%

Shares of LNVGY traded up $0.61 during mid-day trading on Monday, hitting $28.20. The company's stock had a trading volume of 23,129 shares, compared to its average volume of 92,674. The company's 50-day moving average is $25.39 and its 200-day moving average is $26.04. Lenovo Group has a 52-week low of $17.84 and a 52-week high of $35.09. The firm has a market capitalization of $17.49 billion, a price-to-earnings ratio of 11.28, a PEG ratio of 0.58 and a beta of 0.75. The company has a current ratio of 0.93, a quick ratio of 0.67 and a debt-to-equity ratio of 0.65.

Lenovo Group Increases Dividend

The company also recently announced a dividend, which will be paid on Wednesday, August 20th. Investors of record on Friday, August 1st will be given a dividend of $0.7593 per share. The ex-dividend date of this dividend is Thursday, July 31st. This is a positive change from Lenovo Group's previous dividend of $0.20. This represents a yield of 366.0%. Lenovo Group's dividend payout ratio is currently 60.40%.

About Lenovo Group

Lenovo Group Limited, an investment holding company, develops, manufactures, and markets technology products and services. It operates through Intelligent Devices Group, Infrastructure Solutions Group, and Solutions and Services Group segments. The company offers commercial and consumer personal computers, as well as servers and workstations; and a family of mobile Internet devices, including tablets and smartphones.