Nidec (OTCMKTS:NJDCY) Stock Rating Upgraded by Zacks Research

Key Points

• Zacks Research upgraded Nidec from a "strong sell" to a "hold" rating, indicating a more stable outlook for the company.
• Wall Street Zen also upgraded Nidec, this time from "hold" to a "strong-buy" rating, suggesting increasing confidence among analysts regarding the stock's potential.
• Nidec reported quarterly earnings of $0.07 per share, meeting analysts' expectations, with a revenue of $4.35 billion for the quarter.

Nidec (OTCMKTS:NJDCY - Get Free Report) was upgraded by stock analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a research note issued on Monday,Zacks.com reports.

Separately, Wall Street Zen raised Nidec from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 23rd. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold".

Nidec Stock Performance

Shares of OTCMKTS NJDCY traded down $0.03 during mid-day trading on Monday, reaching $4.50. 142,299 shares of the company's stock were exchanged, compared to its average volume of 321,673. Nidec has a 52 week low of $3.18 and a 52 week high of $5.70. The firm has a 50-day moving average price of $4.83 and a two-hundred day moving average price of $4.60. The firm has a market capitalization of $42.93 billion, a price-to-earnings ratio of 19.57, a price-to-earnings-growth ratio of 0.71 and a beta of 1.08. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.53 and a quick ratio of 1.00.

Nidec (OTCMKTS:NJDCY - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The industrial goods maker reported $0.07 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.07. Nidec had a return on equity of 9.18% and a net margin of 6.06%.The business had revenue of $4.35 billion for the quarter, compared to analysts' expectations of $647.61 billion. Nidec has set its FY 2025 guidance at 1.210-1.210 EPS. Q1 2025 guidance at 0.270-0.270 EPS. Analysts predict that Nidec will post 0.25 EPS for the current year.

About Nidec

Nidec Corporation, together with its subsidiaries, develops, manufactures, and sells motors, electronics and optical components, and other related products in Japan and internationally. The company offers medium- and large-size motors, small-size and precision motors, motor-related products, units and modules, automotive components, mechanical equipment/machine tools, inspection and measuring equipment, electronic devices, sensors, and other products, as well as mold, molding, cutting, and machining components.