Rakuten (OTCMKTS:RKUNY) Issues Quarterly Earnings Results, Misses Estimates By $0.19 EPS

Rakuten (OTCMKTS:RKUNY) posted its quarterly earnings results on Friday. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.19), Zacks reports. Rakuten had a negative return on equity of 5.09% and a negative net margin of 2.48%. The company had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.32 billion.

Rakuten Trading Up 2.9%

RKUNY traded up $0.11 during trading on Friday, hitting $4.04. 63,784 shares of the stock were exchanged, compared to its average volume of 136,440. The firm has a 50 day simple moving average of $4.20 and a 200 day simple moving average of $4.82. The firm has a market cap of $8.82 billion, a price-to-earnings ratio of -21.24 and a beta of 1.10. Rakuten has a 1 year low of $3.78 and a 1 year high of $6.78. The company has a debt-to-equity ratio of 3.64, a quick ratio of 1.10 and a current ratio of 1.10.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Rakuten to a “hold” rating in a research report on Friday, September 25th. One analyst has rated the stock with a Hold rating. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

About Rakuten

Rakuten Group, Inc. is a Japan-based technology and internet services company founded in 1997 by Hiroshi Mikitani, who continues to serve as chairman and chief executive officer. The company operates a broad ecosystem of businesses spanning e-commerce, fintech, communications, digital content, travel, and other online services. Rakuten says its global ecosystem includes more than 70 businesses. Its principal businesses include Rakuten Ichiba, an online shopping marketplace; Rakuten Travel, a lodging and travel-booking service; and digital advertising and content offerings.