Canon (CAJ) Set to Announce Quarterly Earnings on Wednesday

Canon (NYSE:CAJ) is scheduled to announce its earnings results before the market opens on Wednesday, July 24th. Analysts expect the company to announce earnings of $0.40 per share for the quarter.

Canon (NYSE:CAJ) last announced its earnings results on Wednesday, April 24th. The technology company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.10). Canon had a return on equity of 7.36% and a net margin of 5.88%. The firm had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $8.60 billion. On average, analysts expect Canon to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of NYSE CAJ opened at $28.40 on Tuesday. Canon has a twelve month low of $26.36 and a twelve month high of $32.51. The business’s fifty day moving average price is $29.20. The company has a market capitalization of $30.82 billion, a P/E ratio of 13.33, a PEG ratio of 3.84 and a beta of 0.51. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.92 and a quick ratio of 1.28.

Several analysts have recently issued reports on the stock. ValuEngine raised shares of Vermillion from a “hold” rating to a “buy” rating in a research report on Wednesday, May 15th. Zacks Investment Research raised shares of FirstService from a “strong sell” rating to a “hold” rating and set a $110.00 price target on the stock in a research report on Tuesday, June 25th. Finally, Morgan Stanley lowered shares of GasLog Partners LP Unit from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $23.00 to $18.00 in a research report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold”.

About Canon

Canon Inc manufactures and sells office multifunction devices (MFDs), plain paper copying machines, laser and inkjet printers, cameras, diagnostic equipment, and lithography equipment. The company operates through four segments: Office Business Unit, Imaging System Business Unit, Medical System Business Unit, and Industry and Others Business Unit.

Further Reading: Accumulation/Distribution

Earnings History for Canon (NYSE:CAJ)

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