Jefferies Financial Group Equities Analysts Cut Earnings Estimates for KONICA MINOLTA/ADR (OTCMKTS:KNCAY)

KONICA MINOLTA/ADR (OTCMKTS:KNCAY) – Stock analysts at Jefferies Financial Group reduced their FY2020 earnings per share estimates for KONICA MINOLTA/ADR in a report issued on Wednesday, June 12th. Jefferies Financial Group analyst M. Nakanomyo now expects that the company will post earnings of $1.31 per share for the year, down from their prior estimate of $1.43. Jefferies Financial Group also issued estimates for KONICA MINOLTA/ADR’s FY2021 earnings at $1.44 EPS.

Separately, Zacks Investment Research lowered KONICA MINOLTA/ADR from a “hold” rating to a “sell” rating in a research note on Tuesday, February 19th.

KNCAY opened at $18.83 on Friday. KONICA MINOLTA/ADR has a 52 week low of $17.17 and a 52 week high of $21.32. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.67 and a current ratio of 2.30.

About KONICA MINOLTA/ADR

Konica Minolta, Inc engages in business technologies, industrial, and healthcare businesses in Japan, the United States, European countries, China, Asia, and internationally. The company develops, manufactures, and sells multi-functional peripherals, laser printers, filing devices, software and peripheral devices, digital color printing systems, digital color-proofing systems, computer to plate, prepress production systems, digital monochrome printing systems, inkjet printheads, inkjet textile printers, and inkjet inks, as well as print and cloud services.

Read More: Price to Earnings Ratio (PE) Basics

Earnings History and Estimates for KONICA MINOLTA/ADR (OTCMKTS:KNCAY)

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