Fujifilm Holdings Corp. (FUJIY) Downgraded by Zacks Investment Research

Zacks Investment Research cut shares of Fujifilm Holdings Corp. (OTCMKTS:FUJIY) from a strong-buy rating to a hold rating in a research note issued to investors on Tuesday.

According to Zacks, “Over the last three months, Fujifilm’s shares have outperformed the industry. The company reported robust results for first-quarter fiscal 2018. Earnings per American Depositary Receipt (“ADR”) came in at 90 cents, comfortably surpassing the Zacks Consensus Estimate of 21 cents. The company is poised to boost its financials on the back of new business contract wins, strategic Wako acquisition and greater operational efficacy. However, the tepid Document Solutions business remains a major cause of concern. Moreover, headwinds such as adverse foreign currency translation or stiff industry rivalry are expected to thwart the company’s performance in the near term. Over the last 60 days, Zacks Consensus Estimate for the stock has remained unchanged for both fiscal 2018 and 2019.”

Separately, ValuEngine cut shares of Fujifilm Holdings Corp. from a buy rating to a hold rating in a research report on Tuesday, September 12th.

Fujifilm Holdings Corp. (OTCMKTS FUJIY) opened at 40.705 on Tuesday. The firm has a 50-day moving average of $39.42 and a 200 day moving average of $37.67. Fujifilm Holdings Corp. has a 52-week low of $35.25 and a 52-week high of $40.82. The company has a market cap of $17.82 billion, a PE ratio of 11.895 and a beta of 0.31.

Fujifilm Holdings Corp. (OTCMKTS:FUJIY) last announced its quarterly earnings results on Monday, August 14th. The technology company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.69. Fujifilm Holdings Corp. had a net margin of 6.80% and a return on equity of 6.99%. The firm had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $5.12 billion. Equities research analysts expect that Fujifilm Holdings Corp. will post $1.68 earnings per share for the current fiscal year.

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Fujifilm Holdings Corp. Company Profile

FUJIFILM Holdings Corporation is engaged in the development, production, sales and service of imaging solutions, information solutions and document solutions. The Company’s segments include Imaging Solutions, Information Solutions, Document Solutions and, Corporate expenses and eliminations. The Imaging Solutions segment consists of photo imaging, and optical device and electronic imaging products.

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