Nidec Corporation Stock Downgraded (NJ)
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- The revenue growth came in higher than the industry average of 12.0%. Since the same quarter one year prior, revenues slightly increased by 2.4%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
- The net income growth from the same quarter one year ago has exceeded that of the S&P 500 and greatly outperformed compared to the Electrical Equipment industry average. The net income increased by 11.6% when compared to the same quarter one year prior, going from $151.41 million to $168.98 million.
- NIDEC CORP has improved earnings per share by 7.4% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, NIDEC CORP reported lower earnings of $0.97 versus $1.14 in the prior year. This year, the market expects an improvement in earnings ($1.53 versus $0.97).
- The gross profit margin for NIDEC CORP is currently lower than what is desirable, coming in at 28.10%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of 7.50% trails that of the industry average.
- NJ has underperformed the S&P 500 Index, declining 9.68% from its price level of one year ago. Looking ahead, we do not see anything in this company's numbers that would change the one-year trend. It was down over the last twelve months; and it could be down again in the next twelve. Naturally, a bull or bear market could sway the movement of this stock.
-- Written by a member of TheStreet Ratings Staff
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