Ricoh (RICOY) Announces Earnings Results, Beats Expectations By $0.12 EPS

Ricoh (OTCMKTS:RICOY) posted its quarterly earnings data on Friday. The company reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.12, MarketWatch Earnings reports. The business had revenue of $4.46 billion during the quarter, compared to the consensus estimate of $4.51 billion. Ricoh had a negative return on equity of 13.07% and a negative net margin of 6.77%.

Ricoh stock traded up $0.05 during trading hours on Friday, reaching $10.54. 17,470 shares of the company’s stock were exchanged, compared to its average volume of 719. The company has a current ratio of 1.61, a quick ratio of 1.38 and a debt-to-equity ratio of 0.63. Ricoh has a twelve month low of $8.50 and a twelve month high of $11.34. The company has a market cap of $7.60 billion, a P/E ratio of -6.24, a PEG ratio of 15.43 and a beta of 0.30.

A number of research firms recently weighed in on RICOY. Zacks Investment Research upgraded Ricoh from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a report on Wednesday, September 12th. Goldman Sachs Group upgraded Ricoh from a “sell” rating to a “neutral” rating in a report on Monday, July 2nd.

Ricoh Company Profile

Ricoh Company, Ltd. provides various office and commercial printing solutions and related solutions worldwide. The company offers various office printing products, including multifunction printers, copying machines, wide machines, fax products, scanners, etc.; and commercial printing products comprising cut sheet production printers and continuous paper production printers; industrial printing products, which include inkjet heads, imaging systems, industrial printers, etc.; and related equipment, consumables, services, and software.

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Earnings History for Ricoh (OTCMKTS:RICOY)

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