Nissan Motor Updates FY 2024 Earnings Guidance

Nissan Motor (OTCMKTS:NSANY) provided an update on its earnings estimates for the fiscal year 2024. On Thursday morning, the company announced its earnings per share (EPS) guidance, which ranges from -0.150 to 0.150 for the period. In addition to EPS, Nissan also shared its revenue guidance, projecting it to be around $82.1 billion.

Nissan Motor's Stock Performance

On Thursday, shares of Nissan Motor started at a price of $5.39. The company has reported a debt-to-equity ratio of 0.79 and a current ratio of 1.79, indicating a stable financial position. With a quick ratio of 1.48, Nissan shows liquidity strength as well. The 1-year low for the stock price has been $4.41, while the high reached $8.79. The company's fifty-day moving average stands at $5.54, while the two-hundred day moving average is slightly lower at $5.55. Currently, Nissan Motor's market capitalization is $10.01 billion, with a price-to-earnings (PE) ratio of 9.98 and a beta of 0.90, reflecting its volatility in the market.

Recent Earnings and Analyst Ratings

Nissan Motor most recently shared its earnings results on February 13th. During that quarter, the company reported an EPS of $0.09, which exceeded analysts' expectations of -$0.04 by $0.13. The net profit margin was recorded at 1.19%, with a return on equity of 3.80%. Research analysts are predicting an average EPS of $0.14 for the current calendar year.

Analyst Recommendations

In the latest developments, Nomura has adjusted its rating for Nissan Motor, downgrading it from a "buy" to a "neutral" rating in a research note released on November 27th.

About Nissan Motor

Nissan Motor Co, Ltd. is engaged in the manufacturing and selling of vehicles and automotive parts across the globe. The company operates under the Nissan and Infiniti brands and provides a variety of products, including vehicles, parts, engines, and other automotive-related components.

Nissan, Earnings, Stock