Rakuten (OTCMKTS:RKUNY) Posts Quarterly Earnings Results, Beats Estimates By $0.08 EPS

Rakuten (OTCMKTS:RKUNY) announced its quarterly earnings results on Monday. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.08, Zacks reports. Rakuten had a negative net margin of 4.83% and a negative return on equity of 10.02%.

Rakuten Stock Performance

Shares of OTCMKTS:RKUNY opened at $5.63 on Monday. The company has a debt-to-equity ratio of 4.43, a current ratio of 1.15 and a quick ratio of 1.15. The business’s 50 day moving average price is $4.84 and its 200-day moving average price is $5.07. The firm has a market capitalization of $12.28 billion, a PE ratio of -15.22 and a beta of 1.11. Rakuten has a 1 year low of $4.24 and a 1 year high of $7.04.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Rakuten from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy”.

About Rakuten

Rakuten, Inc is a diversified internet services company based in Tokyo, Japan, and founded in 1997 by Hiroshi Mikitani, who continues to serve as chairman and chief executive officer. Originally established as an online marketplace, Rakuten has expanded its reach to become a global technology group offering a wide range of digital services and consumer-facing platforms. The company is listed in Japan but its American depositary receipts trade over the counter under the symbol RKUNY.

At the core of Rakuten’s business is its e-commerce marketplace, Rakuten Ichiba, which hosts millions of merchants and serves tens of millions of customers across Japan and other key markets.