Nissan Motor (OTCMKTS:NSANY) Updates FY 2024 Earnings Guidance

Nissan Motor (OTCMKTS:NSANY) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of -0.150–0.150 for the period. The company issued revenue guidance of $82.1 billion-$82.1 billion.

Nissan Motor Price Performance

Nissan Motor stock traded up $0.11 during mid-day trading on Friday, hitting $5.50. 341,076 shares of the company traded hands, compared to its average volume of 354,095. Nissan Motor has a one year low of $4.41 and a one year high of $8.79. The stock has a market cap of $10.21 billion, a price-to-earnings ratio of 10.19 and a beta of 0.90. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.48 and a current ratio of 1.79. The stock has a fifty day moving average price of $5.56 and a 200-day moving average price of $5.55.

Nissan Motor (OTCMKTS:NSANY) last announced its earnings results on Thursday, February 13th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.13. Nissan Motor had a net margin of 1.19% and a return on equity of 3.80%. On average, equities analysts predict that Nissan Motor will post 0.14 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Nomura lowered shares of Nissan Motor from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 27th.

Nissan Motor Company Profile

Nissan Motor Co, Ltd. manufactures and sells vehicles and automotive parts worldwide. It sells vehicles under the Nissan and Infiniti brands. The company offers vehicle and vehicle parts; engines, manual transmissions, and multiplier/reducer units; automotive parts; axles; and other related components.