Obic (OTCMKTS:OBIIF) Releases Earnings Results, Beats Estimates By $0.03 EPS

Obic (OTCMKTS:OBIIF) announced its quarterly earnings data on Wednesday. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03, Zacks reports. Obic had a net margin of 55.67% and a return on equity of 15.43%. The company had revenue of $225.66 million during the quarter, compared to the consensus estimate of $220.63 million.

Obic Stock Performance

OBIIF opened at $25.32 on Thursday. The company has a market cap of $11.05 billion, a price-to-earnings ratio of 22.21 and a beta of 0.68. Obic has a one year low of $21.11 and a one year high of $28.52. The business’s fifty day moving average is $23.57 and its two-hundred day moving average is $25.83.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Obic to a “hold” rating in a report on Monday, June 15th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Obic presently has an average rating of “Hold”.

Obic Company Profile

Obic (OTCMKTS:OBIIF) is a Tokyo‐based technology company founded in 1978 that specializes in the development and deployment of enterprise resource planning (ERP) software and related IT services. The company’s core offerings include integrated management systems for finance, production, distribution and human resources, which are delivered either through on‐premise installations or via cloud‐based platforms. Obic’s software suite is designed to help businesses streamline operations, improve data visibility and support decision‐making across various functional areas.

In addition to its ERP solutions, Obic provides a range of professional services such as system integration, consulting, customization and ongoing technical support.