Nomura Research Institute (OTCMKTS:NRILY) Announces Earnings Results, Misses Expectations By $0.03 EPS

Nomura Research Institute (OTCMKTS:NRILY) issued its earnings results on Thursday. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.03), Zacks reports. Nomura Research Institute had a return on equity of 4.78% and a net margin of 2.53%. The firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.36 billion.

Nomura Research Institute Trading Up 3.2%

Nomura Research Institute stock traded up $1.24 during trading hours on Friday, reaching $39.57. The company had a trading volume of 8,500 shares, compared to its average volume of 15,015. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.62 and a quick ratio of 1.62. Nomura Research Institute has a 12-month low of $22.73 and a 12-month high of $42.93. The company has a 50-day moving average price of $34.07 and a 200 day moving average price of $30.61. The firm has a market cap of $22.21 billion, a price-to-earnings ratio of 158.29 and a beta of 0.75.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Nomura Research Institute from a “strong sell” rating to a “hold” rating in a report on Friday, October 16th. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Nomura Research Institute Company Profile

Nomura Research Institute, Ltd. (NRI) is a Japan-based consulting and information technology services company. It provides management consulting, technology consulting, systems integration, and digital transformation services to corporations, financial institutions, and government organizations.

NRI develops and operates technology platforms and business systems for sectors including securities, banking, insurance, retail, manufacturing, and public services. Its offerings include application development, cloud and data-center services, cybersecurity, information management, and managed technology operations.