Nidec (NJDCY) Projected to Post Quarterly Earnings on Tuesday

Nidec (OTCMKTS:NJDCY) is expected to announce its resultson Tuesday, July 28th. Analysts expect Nidec to post earnings of $0.1085 per share and revenue of $4.5090 billion for the quarter.

Nidec Stock Up 0.4%

Shares of OTCMKTS:NJDCY opened at $3.81 on Tuesday. Nidec has a twelve month low of $1.84 and a twelve month high of $5.70. The company has a market cap of $36.30 billion, a price-to-earnings ratio of 14.64 and a beta of 1.29. The business has a 50 day moving average price of $4.12 and a 200 day moving average price of $3.74.

Wall Street Analysts Forecast Growth

Separately, Citigroup lowered shares of Nidec from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

About Nidec

Nidec Corporation is a global manufacturer of electric motors and related systems, supplying components and finished products for a wide range of industries. The company is best known for its precision small motors used in computer hard-disk drives and other compact applications, and it has broadened its product portfolio to include motors, drives, controllers and mechatronic systems for consumer appliances, office automation, industrial equipment and automotive applications.

Its product range encompasses brushless DC motors, induction motors, servo systems, power electronics and complete motor-driven systems designed for energy efficiency and high performance.