Lenovo Group (LNVGY) Projected to Announce Quarterly Earnings on Wednesday

Lenovo Group (OTCMKTS:LNVGY) is expected to announce its results before the market opens on Wednesday, November 18th. Analysts expect the company to post earnings of $1.33 per share and revenue of $27.43 billion for the quarter.

Lenovo Group Price Performance

Shares of Lenovo Group stock opened at $47.70 on Wednesday. The stock’s 50-day simple moving average is $75.00 and its 200-day simple moving average is $51.41. Lenovo Group has a 52 week low of $21.00 and a 52 week high of $98.50. The company has a market capitalization of $30.59 billion, a price-to-earnings ratio of 46.31 and a beta of 1.50. The company has a quick ratio of 0.67, a current ratio of 0.98 and a debt-to-equity ratio of 0.66.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut Lenovo Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 19th. Two investment analysts have rated the stock with a Hold rating. According to MarketBeat, the company presently has a consensus rating of “Hold”.

About Lenovo Group

Lenovo Group is a global technology company that develops, manufactures and sells personal computers, smartphones, tablets, servers, storage systems and other connected devices. Its offerings also include software, IT support, and consulting and managed services for businesses and public-sector organizations. Founded in Beijing in 1984 as Legend, the company adopted the Lenovo name in 2004. Its expansion has included the acquisition of IBM’s personal computer business in 2005 and Motorola Mobility’s handset business in 2014.