Nitto Denko Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nitto Denko in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" Nitto Denko stock.
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Nitto Denko saw a increase in short interest in July. As of July 15th, there was short interest totaling 16,300 shares, an increase of 150.8% from the June 30th total of 6,500 shares. Based on an average daily trading volume, of 34,400 shares, the days-to-cover ratio is presently 0.5 days.
View Nitto Denko's Short Interest.

Nitto Denko is scheduled to release its next quarterly earnings announcement on Monday, October 25th 2021.
View our earnings forecast for Nitto Denko.

Nitto Denko Co. (OTCMKTS:NDEKY) announced its earnings results on Monday, July, 26th. The technology company reported $0.64 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.67 by $0.03. Nitto Denko had a net margin of 9.86% and a trailing twelve-month return on equity of 11.63%.
View Nitto Denko's earnings history.

Nitto Denko's stock was trading at $23.19 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, NDEKY shares have increased by 63.7% and is now trading at $37.97.
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Nitto Denko pays an annual dividend of $0.67 per share and currently has a dividend yield of 1.80%. The dividend payout ratio of Nitto Denko is 30.04%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Nitto Denko will have a dividend payout ratio of 25.38% next year. This indicates that Nitto Denko will be able to sustain or increase its dividend.
View Nitto Denko's dividend history.

Nitto Denko issued an update on its FY 2022 earnings guidance on Tuesday, May, 4th. The company provided earnings per share guidance of 4.760-4.760 for the period. The company issued revenue guidance of $7.38 billion-$7.38 billion.

Some companies that are related to Nitto Denko include ITOCHU (ITOCY), Jardine Matheson (JMHLY), Bank of Communications (BCMXY), Sun Hung Kai Properties (SUHJY), Experian (EXPGY), SMC (SMCAY), Kuehne + Nagel International (KHNGY), Henkel AG & Co. KGaA (HENKY), Seven & i (SVNDY), Compass Group (CMPGY), Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (MURGY), China Shenhua Energy (CSUAY), Vestas Wind Systems A/S (VWDRY), Japan Tobacco (JAPAY) and Fujitsu (FJTSY).
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Nitto Denko trades on the OTCMKTS under the ticker symbol "NDEKY."

Shares of NDEKY can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of NDEKY stock can currently be purchased for approximately $37.97.

Nitto Denko has a market capitalization of $11.37 billion and generates $7.18 billion in revenue each year. The technology company earns $662.59 million in net income (profit) each year or $2.23 on an earnings per share basis.

Nitto Denko employs 28,751 workers across the globe.

The official website for Nitto Denko is www.nitto.com.

Nitto Denko is headquartered at 33rd Floor 4-20 Ofuka-cho Kita-ku, Osaka M0, 530-0011.

Nitto Denko's mailing address is 33rd Floor 4-20 Ofuka-cho Kita-ku, Osaka M0, 530-0011. The technology company can be reached via phone at 816-7632-2101.