Nintendo Co., Ltd (NTDOY) to Post FY2018 Earnings of $1.63 Per Share, Jefferies Group Forecasts

Nintendo Co., Ltd (OTCMKTS:NTDOY) – Equities researchers at Jefferies Group raised their FY2018 EPS estimates for Nintendo in a report released on Tuesday, Zacks Investment Research reports. Jefferies Group analyst A. Goyal now anticipates that the company will post earnings of $1.63 per share for the year, up from their prior estimate of $1.62. Jefferies Group also issued estimates for Nintendo’s FY2019 earnings at $3.14 EPS.

NTDOY has been the topic of several other reports. Zacks Investment Research upgraded Nintendo from a “hold” rating to a “strong-buy” rating and set a $53.00 target price on the stock in a research note on Wednesday, October 4th. CLSA downgraded Nintendo from an “underperform” rating to a “sell” rating in a research note on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Nintendo has an average rating of “Buy” and an average price target of $59.50.

Nintendo (NTDOY) opened at $48.30 on Thursday. The company has a market capitalization of $56,490.00, a P/E ratio of 45.22 and a beta of 0.51. Nintendo has a 12-month low of $24.12 and a 12-month high of $53.96.

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