Canon (OTCMKTS:CAJPY – Get Free Report) announced its earnings results on Monday. The company reported $0.89 earnings per share (EPS) for the quarter, Zacks reports. Canon had a net margin of 6.62% and a return on equity of 8.52%.
Canon Price Performance
Canon stock opened at $27.73 on Monday. Canon has a 1 year low of $25.07 and a 1 year high of $32.34. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.97 and a current ratio of 1.47. The firm has a 50 day moving average price of $26.85 and a 200 day moving average price of $28.04. The company has a market cap of $24.36 billion, a price-to-earnings ratio of 12.16 and a beta of 0.53.
Wall Street Analyst Weigh In
Separately, Zacks Research raised Canon from a “strong sell” rating to a “hold” rating in a research note on Friday, July 10th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Canon has an average rating of “Hold”.
About Canon
Canon Inc is a multinational corporation headquartered in Tokyo, Japan, renowned for its imaging and optical products. The company’s core businesses encompass the design, manufacturing, and sale of a broad range of products, including digital cameras, interchangeable lenses, printers, scanners, photocopiers, and multifunction office equipment. Canon also offers medical, industrial, and semiconductor lithography systems, supporting sectors such as healthcare, manufacturing, and electronics.
Founded in 1937 as Precision Optical Instruments Laboratory, Canon initially focused on the development of Japan’s first 35mm focal-plane-shutter camera.
Recommended Stories
- Five stocks we like better than Canon
- Innovative ETF Strategies That Are Paying Off This Summer
- Forget Tesla: These 2 Earnings Reports Reveal Where the Auto Market Is Heading
- This Tiny AI Supplier Could Be More Important Than the Chipmakers
- Meta Earnings Put AI Spending and Ad Growth Back in Focus
Receive News & Ratings for Canon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canon and related companies with MarketBeat.com's FREE daily email newsletter.
