Sharp (OTCMKTS:SHCAY) Updates FY 2024 Earnings Guidance

Sharp (OTCMKTS:SHCAY - Get Free Report) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 0.050-0.050 for the period. The company issued revenue guidance of $14.1 billion-$14.1 billion.

Sharp Stock Performance

Shares of SHCAY traded up $0.11 during mid-day trading on Tuesday, reaching $1.48. 27,840 shares of the company's stock were exchanged, compared to its average volume of 9,427. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.17 and a quick ratio of 0.84. The stock has a market capitalization of $3.84 billion, a PE ratio of -3.40 and a beta of 0.87. The business's fifty day simple moving average is $1.52 and its 200-day simple moving average is $1.46. Sharp has a 52-week low of $1.16 and a 52-week high of $1.91.

Sharp (OTCMKTS:SHCAY - Get Free Report) last announced its earnings results on Friday, August 9th. The company reported ($0.03) earnings per share (EPS) for the quarter. The business had revenue of $3.41 billion for the quarter. Sharp had a negative return on equity of 15.56% and a negative net margin of 6.79%. On average, equities research analysts expect that Sharp will post 0.05 earnings per share for the current year.

Sharp Company Profile

Sharp Corporation manufactures and sells telecommunication equipment, electric and electronic application equipment, and electronic components in Japan, China, and internationally. It operates through five segments: Smart Life, 8K Ecosystem, ICT, Display Device, and Electronic Device. The Smart Life segment offers refrigerators, superheated steam ovens, microwave ovens, small cooking appliances, air conditioners, washing machines, vacuum cleaners, air purifiers, electric fans, dehumidifiers, humidifiers, electric heaters, plasmacluster ion generators, beauty appliances, electronic dictionaries, calculators, telephones, network control units, solar cells, storage batteries, etc.