Zacks Investment Research Lowers Ricoh (OTCMKTS:RICOY) to Hold

Zacks Investment Research lowered shares of Ricoh (OTCMKTS:RICOY) from a strong-buy rating to a hold rating in a research note issued to investors on Wednesday, reports.

According to Zacks, “Ricoh Company, Ltd. manufactures and markets office automation equipment. The Company’s business segments are Imaging and Solutions, Industrial Products and Other. Ricoh’s products include copiers, facsimiles, image scanners, printers (MFPs, laser printers and GELJET printers), digital and advanced electronic devices, such as semiconductor devices. The company also provides digital cameras, industrial, medical, and office equipment leasing services, support loans to small businesses and independent medical doctors, and logistics services in the delivery, distribution, and storage of products, such as electronic products, office equipment, and electronic and machinery parts. Ricoh Company, Ltd. is headquartered in Tokyo, Japan. “

Shares of RICOY opened at $10.13 on Wednesday. Ricoh has a twelve month low of $8.81 and a twelve month high of $11.11. The stock has a market cap of $7.18 billion, a price-to-earnings ratio of 15.98, a P/E/G ratio of 12.70 and a beta of 0.35.

Ricoh (OTCMKTS:RICOY) last issued its earnings results on Thursday, May 9th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.08). Ricoh had a return on equity of 4.94% and a net margin of 2.51%. The company had revenue of $4.76 billion for the quarter, compared to analyst estimates of $5.26 billion. Equities analysts anticipate that Ricoh will post 0.78 EPS for the current fiscal year.

About Ricoh

Ricoh Company, Ltd. provides various office and commercial printing solutions and related solutions worldwide. The company offers various office printing products, including multifunction printers, copying machines, wide machines, fax products, scanners, etc.; and commercial printing products comprising cut sheet production printers and continuous paper production printers; industrial printing products, which include inkjet heads, imaging systems, industrial printers, etc.; and related equipment, consumables, services, and software.

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