Lenovo Group (LNVGY) Projected to Post Earnings on Wednesday

Lenovo Group (OTCMKTS:LNVGY) is expected to post its results before the market opens on Wednesday, February 18th. Analysts expect Lenovo Group to post earnings of $0.62 per share for the quarter.

Lenovo Group (OTCMKTS:LNVGY) last posted its earnings results on Wednesday, November 19th. The technology company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.15. The firm had revenue of $20.45 billion for the quarter, compared to analysts’ expectations of $20.09 billion. Lenovo Group had a return on equity of 28.15% and a net margin of 2.17%. On average, analysts expect Lenovo Group to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Lenovo Group Price Performance

Shares of Lenovo Group stock opened at $23.95 on Wednesday. The business has a 50 day moving average of $23.76 and a 200 day moving average of $26.81. Lenovo Group has a 52 week low of $17.84 and a 52 week high of $35.09. The company has a market cap of $14.70 billion, a PE ratio of 9.82, a P/E/G ratio of 0.56 and a beta of 0.66. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.59.

Wall Street Analysts Forecast Growth

LNVGY has been the subject of several research reports. JPMorgan Chase & Co. lowered shares of Lenovo Group from an “overweight” rating to a “neutral” rating in a report on Thursday, November 20th. Zacks Research downgraded shares of Lenovo Group from a “hold” rating to a “strong sell” rating in a research note on Monday, January 12th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Lenovo Group has an average rating of “Reduce”.

About Lenovo Group

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.