Hoya (HOCPY) Set to Announce Quarterly Earnings on Friday

Hoya (OTCMKTS:HOCPY) is expected to be posting its results after the market closes on Friday, October 30th. Analysts expect Hoya to post earnings of $1.27 per share and revenue of $1.67 billion for the quarter.

Hoya (OTCMKTS:HOCPY) last released its quarterly earnings results on Friday, July 31st. The technology company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.10. The business had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.55 billion. On average, analysts expect Hoya to post $5.26 EPS for the current fiscal year and $5.91 EPS for the next fiscal year.

Hoya Price Performance

Shares of OTCMKTS:HOCPY opened at $169.71 on Wednesday. The business has a 50-day moving average price of $154.87 and a 200 day moving average price of $166.00. Hoya has a 12-month low of $140.90 and a 12-month high of $190.18.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Hoya from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 30th. One analyst has rated the stock with a Strong Buy rating. Based on data from MarketBeat, Hoya currently has an average rating of “Strong Buy”.

Hoya Company Profile

HOYA Corporation is a Japan-based technology and healthcare company that develops and manufactures optical products and precision components. Founded in 1941 as an optical glass manufacturer, the company has expanded into medical devices, vision care, and advanced technologies used in semiconductor production and other industrial applications.

Through its Life Care businesses, HOYA provides prescription eyeglass lenses, contact lenses, intraocular lenses used in cataract surgery, and medical equipment such as endoscopic systems.