Lenovo Group (OTCMKTS:LNVGY) Posts Earnings Results, Beats Expectations By $1.13 EPS

Lenovo Group (OTCMKTS:LNVGY) issued its quarterly earnings data on Thursday. The technology company reported $1.78 EPS for the quarter, topping the consensus estimate of $0.65 by $1.13, Zacks reports. Lenovo Group had a net margin of 0.88% and a return on equity of 34.51%. The firm had revenue of $26.94 billion for the quarter, compared to analyst estimates of $22.56 billion.

Lenovo Group Trading Down 3.0%

OTCMKTS LNVGY opened at $85.15 on Friday. The firm has a 50 day simple moving average of $62.03 and a 200-day simple moving average of $40.96. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.66 and a current ratio of 0.95. The firm has a market cap of $52.81 billion, a price-to-earnings ratio of 82.67 and a beta of 1.14. Lenovo Group has a one year low of $21.00 and a one year high of $89.99.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Lenovo Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy”.

Lenovo Group Company Profile

Lenovo Group is a multinational technology company known primarily for the design, manufacture and sale of personal computers, servers, storage and smart devices. Its product portfolio spans consumer and commercial PCs (notable brands include ThinkPad, IdeaPad, Yoga and Legion), workstations, enterprise-class ThinkSystem servers and storage, as well as tablets, smartphones (notably through its Motorola Mobility acquisition), smart home devices and related software. Lenovo also provides IT services and solutions, including systems integration, managed services and lifecycle support for enterprise customers.

The company traces its origins to 1984 when it was founded in Beijing as Legend by Liu Chuanzhi; it later adopted the Lenovo name and expanded through a series of strategic acquisitions.