Lenovo Group (OTCMKTS:LNVGY) Shares Gap Up - What's Next?

Key Points

• Lenovo Group's share price gapped up from $27.40 to $28.75 before opening on Friday, with a last recorded trading price of $27.69.
• The company reported a better-than-expected earnings of $0.44 per share for the quarter, exceeding analysts' estimates of $0.40, alongside a revenue of $16.98 billion.
• Lenovo Group has increased its dividend to $0.7593, significantly up from $0.20, resulting in a dividend yield of 366.0% with a payout ratio of 70.70%.

Lenovo Group Ltd. (OTCMKTS:LNVGY - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $27.40, but opened at $28.75. Lenovo Group shares last traded at $27.69, with a volume of 2,675 shares traded.

Lenovo Group Price Performance

The stock has a market capitalization of $17.48 billion, a P/E ratio of 11.27, a price-to-earnings-growth ratio of 0.58 and a beta of 0.75. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.67 and a current ratio of 0.93. The stock has a 50-day simple moving average of $25.48 and a 200 day simple moving average of $26.07.

Lenovo Group (OTCMKTS:LNVGY - Get Free Report) last announced its quarterly earnings data on Thursday, May 22nd. The technology company reported $0.44 EPS for the quarter, beating 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 business had revenue of $16.98 billion during the quarter, compared to the consensus estimate of $15.77 billion. On average, equities analysts forecast that Lenovo Group Ltd. will post 2.06 earnings per share for the current fiscal year.

Lenovo Group Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, August 20th. Investors of record on Friday, August 1st will be given a $0.7593 dividend. This represents a yield of 366.0%. This is a boost from Lenovo Group's previous dividend of $0.20. The ex-dividend date is Thursday, July 31st. Lenovo Group's dividend payout ratio (DPR) is presently 60.40%.

Lenovo Group Company Profile

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.