Nitto Denko (OTCMKTS:NDEKY) Releases Earnings Results, Beats Expectations By $0.02 EPS

Nitto Denko (OTCMKTS:NDEKY) issued its earnings results on Monday. The technology company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.33 by $0.02, Zacks reports. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.64 billion. Nitto Denko had a net margin of 12.56% and a return on equity of 12.09%.

Nitto Denko Price Performance

Shares of NDEKY opened at $23.55 on Tuesday. Nitto Denko has a 1-year low of $15.32 and a 1-year high of $26.48. The stock has a market cap of $15.98 billion, a price-to-earnings ratio of 18.99 and a beta of 0.88. The firm has a 50 day simple moving average of $23.91 and a 200-day simple moving average of $23.43.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded shares of Nitto Denko from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Strong Buy”.

About Nitto Denko

Nitto Denko Corporation, trading over‐the‐counter in the U.S. under the symbol NDEKY, is a Japan‐based manufacturer specializing in advanced materials and components. The company’s core offerings include pressure-sensitive adhesive tapes, optical films, and functional polymers used across a broad spectrum of industries. With a focus on innovation, Nitto Denko develops solutions for electronics, automotive, and healthcare markets, leveraging proprietary coating, lamination and microfabrication technologies.

The company’s product portfolio spans display materials—such as polarizing films for LCD panels—semiconductor device protection tapes, thermal interface materials for heat dissipation, and a range of industrial adhesive products.