Lenovo Group (OTCMKTS:LNVGY – Get Free Report) is anticipated to issue its results before the market opens on Wednesday, August 12th. Analysts expect the company to post earnings of $0.65 per share and revenue of $22.5578 billion for the quarter.
Lenovo Group (OTCMKTS:LNVGY – Get Free Report) last announced its quarterly earnings results on Thursday, May 21st. The technology company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.28. The company had revenue of $21.59 billion for the quarter, compared to the consensus estimate of $19.39 billion. Lenovo Group had a net margin of 2.30% and a return on equity of 27.74%. On average, analysts expect Lenovo Group to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.
Lenovo Group Stock Up 3.7%
Shares of LNVGY stock opened at $66.48 on Wednesday. The stock has a market cap of $41.23 billion, a P/E ratio of 24.00 and a beta of 1.14. Lenovo Group has a 52 week low of $21.00 and a 52 week high of $68.79. The company has a quick ratio of 0.66, a current ratio of 0.95 and a debt-to-equity ratio of 0.46. The company’s fifty day simple moving average is $59.71 and its two-hundred day simple moving average is $38.15.
Analyst Ratings Changes
View Our Latest Stock Analysis on Lenovo Group
Lenovo Group Company Profile
Lenovo Group is a multinational technology company known primarily for the design, manufacture and sale of personal computers, servers, storage and smart devices. Its product portfolio spans consumer and commercial PCs (notable brands include ThinkPad, IdeaPad, Yoga and Legion), workstations, enterprise-class ThinkSystem servers and storage, as well as tablets, smartphones (notably through its Motorola Mobility acquisition), smart home devices and related software. Lenovo also provides IT services and solutions, including systems integration, managed services and lifecycle support for enterprise customers.
The company traces its origins to 1984 when it was founded in Beijing as Legend by Liu Chuanzhi; it later adopted the Lenovo name and expanded through a series of strategic acquisitions.
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