Nomura (NYSE:NMR) Posts Quarterly Earnings Results, Beats Estimates By $0.08 EPS

Nomura (NYSE:NMR) announced its quarterly earnings results on Wednesday. The financial services provider reported $0.22 EPS for the quarter, topping the consensus estimate of $0.14 by $0.08, Zacks reports. Nomura had a net margin of 6.91% and a return on equity of 7.93%.

Nomura Stock Up 8.0 %

NMR stock traded up $0.52 during midday trading on Wednesday, reaching $6.98. 428,063 shares of the company were exchanged, compared to its average volume of 575,330. The company has a market cap of $20.72 billion, a price-to-earnings ratio of 11.82, a price-to-earnings-growth ratio of 0.43 and a beta of 0.66. The company has a debt-to-equity ratio of 7.19, a quick ratio of 1.11 and a current ratio of 1.11. Nomura has a 1-year low of $4.66 and a 1-year high of $6.99. The stock’s 50-day simple moving average is $5.98 and its 200 day simple moving average is $5.70.

Analyst Ratings Changes

Several research firms have recently issued reports on NMR. StockNews.com raised Nomura from a “hold” rating to a “buy” rating in a research note on Wednesday, December 11th. Bank of America initiated coverage on Nomura in a report on Tuesday, October 22nd. They issued a “neutral” rating on the stock.

About Nomura

Nomura Holdings, Inc provides various financial services to individuals, corporations, financial institutions, governments, and governmental agencies worldwide. It operates through three segments: Retail, Investment Management, and Wholesale. The Retail segment offers various financial products and investment consultation services.