Jefferies Financial Group Brokers Lower Earnings Estimates for HOYA Co. (OTCMKTS:HOCPY)

HOYA Co. (OTCMKTS:HOCPYGet Rating) – Analysts at Jefferies Financial Group dropped their FY2023 EPS estimates for HOYA in a report issued on Wednesday, November 9th. Jefferies Financial Group analyst M. Nakanomyo now forecasts that the technology company will post earnings per share of $3.37 for the year, down from their prior estimate of $3.50. The consensus estimate for HOYA’s current full-year earnings is $3.35 per share.

Separately, CLSA downgraded shares of HOYA from an “outperform” rating to an “underperform” rating in a research note on Thursday, September 8th.

HOYA Price Performance

OTCMKTS HOCPY opened at $106.12 on Monday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.17 and a current ratio of 4.87. The firm’s 50 day moving average price is $98.16 and its 200-day moving average price is $98.73. HOYA has a 52-week low of $82.15 and a 52-week high of $169.75. The company has a market cap of $38.32 billion, a PE ratio of 27.49, a P/E/G ratio of 1.82 and a beta of 0.62.

HOYA Company Profile

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HOYA Corporation, a med-tech company, provides high-tech and medical products worldwide. It operates through three segments: Life Care, Information Technology, and Other. The company offers life care products, including eyeglass and contact lenses; medical endoscopes; intraocular lenses; laparoscopic surgical instruments; automatic endoscope cleaning equipment; and other medical related products, such as prosthetic ceramic fillers and metallic implants for orthopedics.

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Earnings History and Estimates for HOYA (OTCMKTS:HOCPY)

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