Nabtesco (OTCMKTS:NCTKF) Posts Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Key Points

• Nabtesco reported quarterly earnings of $0.19 per share, exceeding the consensus estimate of $0.13 by $0.06.
• The company's revenue for the quarter was $582.31 million, surpassing the expected $567.03 million.
• Nabtesco's stock was trading at $15.54 with a market capitalization of $1.87 billion.

Nabtesco (OTCMKTS:NCTKF - Get Free Report) issued its quarterly earnings data on Thursday. The company reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates of $0.13 by $0.06, Zacks reports. Nabtesco had a return on equity of 5.01% and a net margin of 3.35%. The business had revenue of $582.31 million during the quarter, compared to analysts' expectations of $567.03 million.

Nabtesco Price Performance

OTCMKTS:NCTKF remained flat at $15.81 during midday trading on Wednesday. The stock's 50 day moving average price is $15.79 and its 200 day moving average price is $16.50. The company has a current ratio of 1.90, a quick ratio of 1.42 and a debt-to-equity ratio of 0.04. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 20.26 and a beta of -0.06. Nabtesco has a twelve month low of $13.48 and a twelve month high of $19.75.

Nabtesco Company Profile

Nabtesco Corporation manufactures and sells equipment in the industrial, daily life, and environmental fields in Japan and internationally. The company offers precision reduction gears for industrial robots' joints; hydraulic equipment, such as traveling unit for crawlers, control valve for mini excavators, and swing unit for hydraulic excavators; railroad vehicle equipment, such as railroad vehicle brake systems, test equipment, door operating units, brake shoes, seat turning equipment, and snow removal devices; and aircraft equipment comprising flight control actuation systems and high voltage electric power distribution units.