Hoya (HOCPY) Projected to Post Earnings on Friday

Key Points

• Hoya is expected to report earnings after Friday’s market close, with analysts forecasting $1.27 in EPS and $1.67 billion in revenue.
• The company’s previous quarter exceeded expectations, posting $1.23 EPS versus the $1.13 consensus and revenue of $1.61 billion compared with estimates of $1.55 billion.
• Hoya shares were trading down 1.4%, while analyst sentiment remained positive: Zacks upgraded the stock to “strong buy,” matching MarketBeat’s current consensus rating.

Hoya (OTCMKTS:HOCPY - Get Free Report) is projected to post its results after the market closes on Friday, October 30th. Analysts expect the company to announce earnings of $1.27 per share and revenue of $1.67 billion for the quarter.

Hoya (OTCMKTS:HOCPY - Get Free Report) last announced its quarterly earnings data on Friday, July 31st. The technology company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.10. Hoya had a return on equity of 25.78% and a net margin of 27.58%. The firm had revenue of $1.61 billion during the quarter, compared to analysts' expectations of $1.55 billion. On average, analysts expect Hoya to post $5.26 EPS for the current fiscal year and $5.91 EPS for the next fiscal year.

Hoya Trading Down 1.4%

Hoya stock opened at $166.31 on Friday. The stock has a 50-day moving average price of $154.59 and a 200 day moving average price of $163.08. The company has a market capitalization of $55.69 billion, a price-to-earnings ratio of 33.45, a price-to-earnings-growth ratio of 3.50 and a beta of 0.97. Hoya has a 52 week low of $140.90 and a 52 week high of $190.18. The company has a quick ratio of 4.20, a current ratio of 4.91 and a debt-to-equity ratio of 0.03.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Hoya from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, September 30th. One analyst has rated the stock with a Strong Buy rating. According to MarketBeat, the company presently has a consensus rating of "Strong Buy".

About Hoya

HOYA Corporation is a Japan-based technology and healthcare company that develops and manufactures optical products and precision components. Founded in 1941 as an optical glass manufacturer, the company has expanded into medical devices, vision care, and advanced technologies used in semiconductor production and other industrial applications.

Through its Life Care businesses, HOYA provides prescription eyeglass lenses, contact lenses, intraocular lenses used in cataract surgery, and medical equipment such as endoscopic systems.

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