Seven and I (OTCMKTS:SVNDY) Announces Earnings Results

Key Points

• Seven and I reported earnings of $0.22 per share, exceeding analysts' expectations of $0.15 by $0.07, although its revenue of $18.62 billion fell short of the forecast of $20.13 billion.
• The company's stock trading down 3.5% opened at $12.51 per share, with a market cap of $32.58 billion.
• Goldman Sachs recently upgraded Seven and I to a "hold" rating, while the stock currently carries a consensus rating of "Hold" from analysts.

Seven and I (OTCMKTS:SVNDY - Get Free Report) announced its quarterly earnings results on Thursday. The company reported $0.22 earnings per share for the quarter, topping analysts' consensus estimates of $0.15 by $0.07, Zacks reports. The firm had revenue of $18.62 billion for the quarter, compared to the consensus estimate of $20.13 billion. Seven and I had a return on equity of 6.49% and a net margin of 1.65%.

Seven and I Trading Down 3.5%

Shares of SVNDY stock opened at $12.51 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.73 and a debt-to-equity ratio of 0.73. The stock has a market cap of $32.58 billion, a P/E ratio of 24.53 and a beta of 0.47. The stock has a 50 day simple moving average of $13.37 and a 200 day simple moving average of $14.25. Seven and I has a 1 year low of $12.50 and a 1 year high of $19.88.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised Seven and I to a "hold" rating in a research report on Tuesday, September 9th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of "Hold".

About Seven and I

Seven & i Holdings Co, Ltd. operates convenience stores, superstores, department stores, supermarkets, and specialty stores. It operates through six segments: Domestic Convenience Store operations, Overseas Convenience Store Operations, Superstore Operations, Department and Specialty Store Operations, Financial Services, and Others.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.