Nidec Co. (NJ) Announces Quarterly Results, Misses Estimates By $37.40 EPS
Friday, July 22, 2021 9:31 AM

Nidec Co. (NJ) announced its quarterly results on Friday. The company reported $88.20 earnings per share for the quarter, missing the Thomson Reuters consensus estimate of $125.60 by $37.40. The company’s quarterly revenue was up 6.1% on a year-over-year basis.

On a related note, analysts at Zacks Investment Research upgraded shares of Nidec Co. from an "underperform" rating to a "neutral" rating in a research note to investors on Monday, June 20th.

Shares of Nidec Co. (NJ) opened at 24.72 on Friday. Nidec Co. (NJ) has a 52 week low of $17.53 and a 52 week high of $26.82. The stock's 50-day moving average is $23.18 and its 200-day moving average is $22.89. The company has a market cap of $13.693 billion and a price-to-earnings ratio of 21.49.

Nidec Corporation (Nidec) is a global manufacturer of electric motors, and related components and equipment. The Company classifies its operations into five business groups based primarily on the similarity of products in type and use: Small Precision Motors, Mid-size Motors, Machinery, Electronic and Optical Components, and Others. As of March 31, 2010, Nidec had 141 subsidiaries located in 19 countries and an affiliated company located in the Philippines.In September 2010, the Company acquired the motor and control business from Emerson Electric Co.On October 10, 2010, the Company established a subsidiary, NIDEC(SHAOGUAN) LIMITED.

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