Konica Minolta, Inc. Forecasted to Earn FY2023 Earnings of $0.53 Per Share (OTCMKTS:KNCAY)

Konica Minolta, Inc. (OTCMKTS:KNCAY) – Equities researchers at Jefferies Financial Group decreased their FY2023 earnings per share (EPS) estimates for Konica Minolta in a note issued to investors on Tuesday, January 11th. Jefferies Financial Group analyst M. Nakanomyo now forecasts that the company will earn $0.53 per share for the year, down from their prior estimate of $0.56. Jefferies Financial Group also issued estimates for Konica Minolta’s FY2024 earnings at $0.84 EPS.

KNCAY has been the subject of several other research reports. Mizuho lowered shares of Konica Minolta from a “buy” rating to a “neutral” rating in a report on Friday, November 19th. Zacks Investment Research lowered shares of Konica Minolta from a “hold” rating to a “sell” rating in a report on Wednesday, December 29th.

Konica Minolta stock opened at $9.26 on Thursday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.10 and a current ratio of 1.51. Konica Minolta has a 52-week low of $7.96 and a 52-week high of $11.81. The firm has a 50 day moving average price of $8.80 and a two-hundred day moving average price of $9.94. The firm has a market cap of $2.33 billion, a price-to-earnings ratio of 77.16 and a beta of 0.97.

About Konica Minolta

Konica Minolta, Inc engages in the development, manufacture, and sale of multi-functional peripherals (MFPs), printers, electronic materials, and equipment for healthcare systems and industries. It operates through the following segments: Office Business, Professional Print Business, Healthcare Business, Industrial Business, and Others.

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Earnings History and Estimates for Konica Minolta (OTCMKTS:KNCAY)

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