FY2022 EPS Estimates for Rakuten Group, Inc. Lifted by Jefferies Financial Group (OTCMKTS:RKUNY)

Rakuten Group, Inc. (OTCMKTS:RKUNY – Get Rating) – Investment analysts at Jefferies Financial Group lifted their FY2022 earnings per share (EPS) estimates for Rakuten Group in a research report issued on Monday, May 9th. Jefferies Financial Group analyst H. Sato now anticipates that the company will post earnings per share of ($0.78) for the year, up from their prior forecast of ($0.79). Jefferies Financial Group also issued estimates for Rakuten Group’s FY2023 earnings at ($0.26) EPS.

Separately, Zacks Investment Research cut shares of Rakuten Group from a “hold” rating to a “sell” rating in a report on Wednesday, April 6th.

OTCMKTS:RKUNY opened at $6.24 on Thursday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 3.05. The stock has a market capitalization of $9.88 billion, a PE ratio of -6.18 and a beta of 1.01. The firm’s 50 day moving average is $7.57 and its 200 day moving average is $8.97. Rakuten Group has a 12 month low of $6.21 and a 12 month high of $12.50.

Rakuten Group Company Profile (Get Rating)

Rakuten Group, Inc offers internet services in Japan and internationally. It operates through three segments: Internet Services, FinTech, and Mobile segments. The Internet Services segment operates Rakuten Ichiba, an internet shopping mall; Rakuten Travel, online travel and reservation website; Rakuten Rewards, a membership-based online cashback site; Rakuten Fashion, a fashion mail order site; Rakuten Books, an online book, CD, and DVD stores; Rakuten 24 daily necessities sales service; Rakuten Seiyu Netsuper, an online grocery delivery service; Rakuten Bic, an electronics e-commerce site; Rakuten Rebates, a point-back service; Rakuma, a consumer-to-consumer mobile e-commerce app; Rakuten Super Logistics, a distribution and fulfillment services; Rakuten Drone, Drone/UGV delivery service; Rakuten Gora, an online golf course reservations; and Rakuten Marketing that provides performance marketing services.

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