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

Nissan Motor (OTCMKTS:NSANY) posted its earnings results on Thursday. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate 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%. Nissan Motor updated its FY 2024 guidance to -0.150–0.150 EPS.

Nissan Motor Stock Down 6.4 %

Shares of OTCMKTS NSANY traded down $0.37 during midday trading on Thursday, hitting $5.39. The company’s stock had a trading volume of 336,653 shares, compared to its average volume of 354,095. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.79 and a quick ratio of 1.48. The firm has a market capitalization of $10.01 billion, a price-to-earnings ratio of 9.98 and a beta of 0.90. The business’s fifty day simple moving average is $5.54 and its two-hundred day simple moving average is $5.55. Nissan Motor has a 1 year low of $4.41 and a 1 year high of $8.79.

Analyst Upgrades and Downgrades

Separately, Nomura cut 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.