NINTENDO LTD/ADR to Post Q1 2020 Earnings of $0.23 Per Share, Wedbush Forecasts (OTCMKTS:NTDOY)

NINTENDO LTD/ADR (OTCMKTS:NTDOY) – Analysts at Wedbush upped their Q1 2020 earnings per share (EPS) estimates for NINTENDO LTD/ADR in a research report issued on Wednesday, July 10th. Wedbush analyst M. Pachter now anticipates that the company will post earnings per share of $0.23 for the quarter, up from their prior estimate of $0.22. Wedbush currently has a “Outperform” rating on the stock. Wedbush also issued estimates for NINTENDO LTD/ADR’s Q1 2021 earnings at $0.32 EPS, Q2 2021 earnings at $0.52 EPS, Q3 2021 earnings at $1.05 EPS and Q4 2021 earnings at $0.38 EPS.

Several other research firms also recently weighed in on NTDOY. Zacks Investment Research downgraded German American Bancorp. from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. ValuEngine raised Alleghany from a “hold” rating to a “buy” rating in a report on Friday, April 19th. Deutsche Bank reissued a “buy” rating on shares of NINTENDO LTD/ADR in a report on Wednesday, March 27th. Finally, Macquarie set a $155.00 price objective on Deckers Outdoor and gave the company a “hold” rating in a report on Tuesday, June 11th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $41.00.

OTCMKTS NTDOY opened at $48.23 on Friday. NINTENDO LTD/ADR has a twelve month low of $31.38 and a twelve month high of $48.68. The firm has a market cap of $46.03 billion, a P/E ratio of 25.65 and a beta of 0.98. The firm’s fifty day moving average price is $45.04.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Parametric Portfolio Associates LLC lifted its holdings in NINTENDO LTD/ADR by 5.5% during the 1st quarter. Parametric Portfolio Associates LLC now owns 646,397 shares of the company’s stock worth $23,186,000 after buying an additional 33,655 shares during the period. Foresters Investment Management Company Inc. lifted its holdings in NINTENDO LTD/ADR by 29.8% during the 4th quarter. Foresters Investment Management Company Inc. now owns 142,500 shares of the company’s stock worth $4,717,000 after buying an additional 32,700 shares during the period. Gagnon Securities LLC lifted its holdings in NINTENDO LTD/ADR by 0.7% during the 1st quarter. Gagnon Securities LLC now owns 32,661 shares of the company’s stock worth $1,164,000 after buying an additional 242 shares during the period. Boston Common Asset Management LLC lifted its holdings in NINTENDO LTD/ADR by 11.8% during the 1st quarter. Boston Common Asset Management LLC now owns 25,365 shares of the company’s stock worth $904,000 after buying an additional 2,683 shares during the period. Finally, Campbell Capital Management Inc. acquired a new position in NINTENDO LTD/ADR during the 4th quarter worth about $559,000. 0.15% of the stock is currently owned by hedge funds and other institutional investors.

About NINTENDO LTD/ADR

Nintendo Co, Ltd., together with its subsidiaries, develops, manufactures, and sells electronic entertainment products in Japan, the United States, Europe, Australia, Asia, and internationally. It provides video game platforms, playing cards, Karuta, and other products; and handheld and home console hardware and related software.

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Earnings History and Estimates for NINTENDO LTD/ADR (OTCMKTS:NTDOY)

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