Nidec (OTCMKTS:NJDCY) Releases Earnings Results, Hits Estimates

Nidec (OTCMKTS:NJDCY - Get Free Report) posted its earnings results on Wednesday. The industrial goods maker reported $0.03 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.03, Yahoo Finance reports. The business had revenue of $4.34 billion for the quarter, compared to analysts' expectations of $4.13 billion. Nidec had a net margin of 4.80% and a return on equity of 6.95%.

Nidec Price Performance

OTCMKTS:NJDCY traded up $0.17 during trading hours on Friday, hitting $5.11. 112,787 shares of the company's stock traded hands, compared to its average volume of 227,162. Nidec has a 52 week low of $4.47 and a 52 week high of $6.63. The business's fifty day simple moving average is $8.98 and its two-hundred day simple moving average is $10.41. The company has a quick ratio of 1.12, a current ratio of 1.73 and a debt-to-equity ratio of 0.30. The firm has a market cap of $48.75 billion, a P/E ratio of 28.23, a P/E/G ratio of 0.64 and a beta of 1.11.

Nidec Company Profile

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.