Nitto Denko (OTCMKTS:NDEKY) Issues 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 (EPS) guidance of 1.260-1.260 for the period. The company issued revenue guidance of $6.6 billion-$6.6 billion.

Nitto Denko Stock Performance

Shares of OTCMKTS NDEKY opened at $18.85 on Tuesday. Nitto Denko has a 1 year low of $12.80 and a 1 year high of $19.43. The stock’s 50-day simple moving average is $16.54 and its 200-day simple moving average is $26.40. The firm has a market cap of $13.32 billion, a price-to-earnings ratio of 14.99 and a beta of 0.89.

Nitto Denko (OTCMKTS:NDEKY) last issued its quarterly earnings results on Monday, January 27th. The technology company reported $0.27 earnings per share (EPS) for the quarter. Nitto Denko had a net margin of 12.91% and a return on equity of 12.60%. As a group, research analysts predict that Nitto Denko will post 1.22 EPS for the current year.

About Nitto Denko

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.