Nitto Denko (OTCMKTS:NDEKY) Releases FY 2024 Earnings Guidance

Nitto Denko (OTCMKTS:NDEKY) issued an update on its FY 2024 earnings guidance on Monday morning. The company provided earnings per share guidance of 1.240-1.240 for the period. The company issued revenue guidance of $6.6 billion-$6.6 billion.

Nitto Denko Price Performance

Nitto Denko stock opened at $15.77 on Monday. Nitto Denko has a one year low of $12.03 and a one year high of $19.43. The firm has a market capitalization of $4.53 billion, a P/E ratio of 6.38 and a beta of 0.92. The business has a fifty day moving average price of $32.24 and a 200-day moving average price of $37.71.

Nitto Denko (OTCMKTS:NDEKY) last announced its quarterly earnings results on Friday, July 26th. The technology company reported $0.83 earnings per share (EPS) for the quarter. The firm had revenue of $1.60 billion for the quarter. Nitto Denko had a net margin of 12.91% and a return on equity of 12.60%.

Nitto Denko Company Profile

Nitto Denko Corporation primarily engages in the adhesive tapes business in Japan, the Americas, Europe, Asia, and Oceania. It provides double sided tapes, surface protective films, sealing materials, masking tapes, membranes, FPD/touch panel related products, gasket materials, semiconductor manufacturing process products, flexible printed circuit boards, porous films/breathable materials, and packaging tapes.