Nissan Motor (OTCMKTS:NSANY) Posts Quarterly Earnings Results, Beats Expectations By $0.13 EPS

Nissan Motor (OTCMKTS:NSANY) released its quarterly earnings data on Thursday. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.13, Zacks reports. Nissan Motor had a net margin of 1.19% and a return on equity of 3.80%. The firm had revenue of $20.74 billion for the quarter, compared to the consensus estimate of $19.51 billion. Nissan Motor updated its FY 2024 guidance to -0.150–0.150 EPS.

Nissan Motor Price Performance

Shares of NSANY stock traded up $0.10 during mid-day trading on Friday, reaching $5.60. The stock had a trading volume of 283,456 shares, compared to its average volume of 354,095. The company has a market cap of $10.40 billion, a P/E ratio of 10.37 and a beta of 0.90. The company has a current ratio of 1.79, a quick ratio of 1.48 and a debt-to-equity ratio of 0.79. Nissan Motor has a 12-month low of $4.41 and a 12-month high of $8.79. The business has a 50-day simple moving average of $5.57 and a 200 day simple moving average of $5.55.

Analyst Ratings Changes

Separately, Nomura lowered Nissan Motor from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 27th.

About Nissan Motor

Nissan Motor Co, Ltd. manufactures and sells vehicles and automotive parts worldwide. It sells vehicles under the Nissan and Infiniti brands. The company offers vehicle and vehicle parts; engines, manual transmissions, and multiplier/reducer units; automotive parts; axles; and other related components.