Jefferies Financial Group Comments on Konica Minolta, Inc.’s FY2023 Earnings (OTCMKTS:KNCAY)

Konica Minolta, Inc. (OTCMKTS:KNCAYGet Rating) – Analysts at Jefferies Financial Group increased their FY2023 earnings per share estimates for Konica Minolta in a note issued to investors on Wednesday, November 16th. Jefferies Financial Group analyst M. Nakanomyo now anticipates that the company will post earnings of $0.14 per share for the year, up from their previous estimate of $0.13. The consensus estimate for Konica Minolta’s current full-year earnings is $0.08 per share. Jefferies Financial Group also issued estimates for Konica Minolta’s FY2024 earnings at $0.47 EPS and FY2025 earnings at $0.61 EPS.

Konica Minolta Price Performance

OTCMKTS KNCAY opened at $7.80 on Monday. The business has a fifty day moving average price of $6.60 and a two-hundred day moving average price of $6.81. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.85 and a current ratio of 1.21. Konica Minolta has a fifty-two week low of $5.87 and a fifty-two week high of $9.39.

Konica Minolta (OTCMKTS:KNCAYGet Rating) last released its earnings results on Wednesday, November 2nd. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.15. Konica Minolta had a negative return on equity of 4.73% and a negative net margin of 2.82%. The firm had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $1.91 billion.

About Konica Minolta

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Konica Minolta, Inc engages in digital workplace, professional print, healthcare, and industrial businesses in Japan, the United States, Europe, China, other Asian countries, and internationally. The company develops, manufactures, and sells multi-functional peripherals, digital printing systems, and related consumables, as well as offers IT and printing solutions and services.

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Earnings History and Estimates for Konica Minolta (OTCMKTS:KNCAY)

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