Nitto Denko - NDEKY Stock Forecast, Price & News

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nitto Denko in the last twelve months. There are currently 1 sell rating for the stock. The consensus among Wall Street analysts is that investors should "sell" NDEKY shares.
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Nitto Denko's stock was trading at $38.67 at the beginning of 2022. Since then, NDEKY stock has decreased by 15.1% and is now trading at $32.85.
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Nitto Denko saw a increase in short interest during the month of July. As of July 31st, there was short interest totaling 4,000 shares, an increase of 1,233.3% from the July 15th total of 300 shares. Based on an average trading volume of 118,600 shares, the short-interest ratio is presently 0.0 days.
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Nitto Denko Co. (OTCMKTS:NDEKY) released its quarterly earnings results on Monday, July, 26th. The technology company reported $0.64 EPS for the quarter, missing analysts' consensus estimates of $0.67 by $0.03. The technology company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.78 billion. Nitto Denko had a trailing twelve-month return on equity of 12.56% and a net margin of 11.88%.

Nitto Denko (OTCMKTS:NDEKY) pays an annual dividend of $0.59 per share and currently has a dividend yield of 1.79%. The dividend payout ratio is 19.80%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NDEKY will have a dividend payout ratio of 20.92% next year. This indicates that the company will be able to sustain or increase its dividend.

Nitto Denko updated its FY 2023 earnings guidance on Thursday, August, 4th. The company provided earnings per share (EPS) guidance of $6.00-$6.00 for the period. The company issued revenue guidance of $7.37 billion-$7.37 billion.

Nitto Denko trades on the OTCMKTS under the ticker symbol "NDEKY."

Shares of NDEKY stock 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 $32.85.

Nitto Denko (OTCMKTS:NDEKY) has a market capitalization of $9.84 billion and generates $7.60 billion in revenue each year. The technology company earns $864.47 million in net income (profit) each year or $2.98 on an earnings per share basis.

The company employs 28,289 workers across the globe.

Nitto Denko's mailing address is 33rd Floor 4-20 Ofuka-cho Kita-ku, Osaka M0, 530-0011. The official website for the company is www.nitto.com. The technology company can be reached via phone at (167) 632-2101 or via fax at 816-7632-2102.