Nissan Motor (OTCMKTS:NSANY) Releases FY 2024 Earnings Guidance

Nissan Motor (OTCMKTS:NSANY) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of -0.150–0.150 for the period. The company issued revenue guidance of $82.1 billion-$82.1 billion.

Analyst Upgrades and Downgrades

Separately, Nomura cut shares of Nissan Motor from a “buy” rating to a “neutral” rating in a report on Wednesday, November 27th.

Nissan Motor Stock Down 6.4 %

Nissan Motor stock traded down $0.37 during mid-day trading on Thursday, hitting $5.39. The company had a trading volume of 336,653 shares, compared to its average volume of 354,095. The stock has a market cap of $10.01 billion, a price-to-earnings ratio of 9.98 and a beta of 0.90. Nissan Motor has a 1 year low of $4.41 and a 1 year high of $8.79. The company has a quick ratio of 1.48, a current ratio of 1.79 and a debt-to-equity ratio of 0.79. The business has a fifty day moving average of $5.54 and a 200 day moving average of $5.55.

Nissan Motor (OTCMKTS:NSANY) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.13. Nissan Motor had a net margin of 1.19% and a return on equity of 3.80%. On average, sell-side analysts expect that Nissan Motor will post 0.14 earnings per share for the current fiscal year.

Nissan Motor Company Profile

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.