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NYSE:CAJ

Canon (CAJ) Stock Price, News & Analysis

Notice: This company has been marked as potentially delisted and may not be actively trading.
Today's Range
N/A
50-Day Range
$21.27
$22.74
52-Week Range
N/A
Volume
933,900 shs
Average Volume
497,265 shs
Market Capitalization
$22.62 billion
P/E Ratio
11.57
Dividend Yield
3.57%
Price Target
N/A
CAJ stock logo

About Canon Stock (NYSE:CAJ)

Canon, Inc. engages in the development, manufacture, and sale of office multifunction devices, copying machines, printers, cameras, and lithography equipment. It operates through the following segments: Office Business Unit (BU), Imaging Systems, Medical Systems and Others. The Office BU segment offers MFDs, printers, copying machines for personal and office use, and production print products for print professionals. The Imaging Systems segment manufactures and markets digital cameras and digital video camcorders, as well as lenses and various related accessories. The Medical Systems segment covers the diagnostic imaging equipment, from CT and MRI systems to ophthalmic and digital radiography equipment. The Others segment offers semiconductor and flat panel display lithography equipment, digital radiography systems, ophthalmic equipment, vacuum thin-film deposition equipment, organic light-emitting diode panel manufacturing equipment, micro motors, computers, handy terminals, and document scanners. The company was founded on August 10, 1937 and is headquartered in Tokyo, Japan.

CAJ Stock News Headlines

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Canon Q2 Results Climb, Lifts FY24 Outlook
War on Elon Escalates…
A radical, potentially game-changing technology that threatens to destroy the trillion-dollar, “green energy” grift of the elites. And yet, while it threatens their wealth and power, it could be transformational for both the U.S. economy and your wealth.
See More Headlines
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Company Calendar

Last Earnings
7/28/2021
Today
9/10/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Photographic equipment & supplies
Sub-Industry
N/A
Employees
184,034
Year Founded
1937

Profitability

Net Income
$1.88 billion
Pretax Margin
8.74%

Debt

Sales & Book Value

Annual Sales
$30.31 billion
Book Value
$24.66 per share

Miscellaneous

Outstanding Shares
1,045,770,000
Free Float
1,045,563,000
Market Cap
$22.62 billion
Optionable
Optionable
Beta
0.41

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Key Executives

  • Fujio Mitarai
    Chairman, President & Chief Executive Officer
  • Toshizo Tanaka
    CFO, Representative Director & Vice President
  • Toshio Homma
    Representative Director & Chief Technology Officer
  • Shunsuke Inoue
    General Manager-Research & Development
  • Yoichi Iwabuchi
    GM-Information & Communication Systems

Should I Buy Canon Stock? CAJ Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Canon Inc.:

  • Canon Inc. has shown resilience and adaptability in the face of changing market dynamics, positioning itself for long-term growth.
  • The company's diversified product portfolio, including office multifunction devices, cameras, and medical imaging equipment, provides stability across multiple sectors.
  • Canon's commitment to innovation and R&D investment ensures it stays competitive in the rapidly evolving technology landscape.
  • Recent positive earnings reports and revenue growth indicate a strong financial performance, boosting investor confidence.
  • With a current stock price that reflects the company's potential for growth, investors may find Canon Inc. stock to be a valuable addition to their portfolio.

Cons

Investors should be bearish about investing in Canon Inc. for these reasons:

  • Market competition in the imaging and office equipment industry is intense, potentially impacting Canon's market share and profitability.
  • Global economic uncertainties and trade tensions could affect Canon's international operations and revenue streams.
  • Fluctuations in currency exchange rates may pose risks to Canon's financial performance, especially in regions with volatile currencies.
  • Technological disruptions and shifts in consumer preferences could challenge Canon's ability to maintain its market position and relevance.
  • Investors should carefully monitor industry trends and Canon's strategic responses to mitigate risks associated with investing in the company.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, August 22, 2024. Please send any questions or comments about these Canon pros and cons to contact@marketbeat.com.

CAJ Stock Analysis - Frequently Asked Questions

How were Canon's earnings last quarter?

Canon Inc. (NYSE:CAJ) issued its quarterly earnings data on Wednesday, July, 28th. The technology company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.23. The technology company had revenue of $7.95 billion for the quarter, compared to analyst estimates of $7.54 billion. Canon had a net margin of 6.01% and a trailing twelve-month return on equity of 7.50%.

What is Fujio Mitarai's approval rating as Canon's CEO?

174 employees have rated Canon Chief Executive Officer Fujio Mitarai on Glassdoor.com. Fujio Mitarai has an approval rating of 77% among the company's employees.

Does Canon have any subsidiaries?

The following companies are subsidiaries of Canon: BriefCam, Kite, Kite.ly, Toshiba Medical Systems Corporation, Virtual Imaging, lifecake, Axis Communications, and others.

What other stocks do shareholders of Canon own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Canon investors own include Xerox (XRX), International Business Machines (IBM), Pfizer (PFE), Intel (INTC), AT&T (T), Tesla (TSLA) and AbbVie (ABBV).

This page (NYSE:CAJ) was last updated on 9/10/2024 by MarketBeat.com Staff

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