Nabtesco Co. (OTCMKTS:NCTKF – Get Rating) – Research analysts at Jefferies Financial Group lowered their Q2 2022 earnings per share estimates for Nabtesco in a research note issued to investors on Monday, May 9th. Jefferies Financial Group analyst S. Fukuhara now expects that the company will post earnings per share of ($0.21) for the quarter, down from their previous estimate of $0.19. Jefferies Financial Group also issued estimates for Nabtesco’s FY2022 earnings at $0.27 EPS, FY2023 earnings at $2.10 EPS, FY2024 earnings at $2.30 EPS, FY2025 earnings at $2.47 EPS and FY2026 earnings at $2.61 EPS.
Separately, Zacks Investment Research cut Nabtesco from a “buy” rating to a “hold” rating in a research note on Saturday, February 5th.
About Nabtesco (Get Rating)
Nabtesco Corporation manufactures and sells equipment in the industrial, daily life, and environmental fields in Japan and internationally. It operates through Component Solutions, Transport Solutions, and Accessibility Solutions segments. The company offers precision reduction gears for industrial robots' joints; hydraulic equipment, such as traveling unit for crawlers, control valve for mini excavators, and swing unit for hydraulic excavators; railroad vehicle equipment, such as railroad vehicle brake systems, door operating units, test equipment, brake shoes, seat turning equipment, and snow removal devices; and aircraft equipment comprising flight control actuation systems and high voltage electric power distribution units.
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