Jefferies Financial Group Weighs in on Ricoh Co Ltd’s FY2019 Earnings (OTCMKTS:RICOY)

Ricoh Co Ltd (OTCMKTS:RICOY) – Equities research analysts at Jefferies Financial Group lifted their FY2019 EPS estimates for shares of Ricoh in a report issued on Monday, May 28th, Zacks Investment Research reports. Jefferies Financial Group analyst M. Nakanomyo now forecasts that the company will post earnings per share of $0.60 for the year, up from their prior forecast of $0.56. Jefferies Financial Group also issued estimates for Ricoh’s FY2020 earnings at $0.68 EPS and FY2021 earnings at $0.73 EPS.

Separately, Zacks Investment Research upgraded shares of Ricoh from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research note on Saturday, March 31st.

Shares of RICOY stock traded up $0.25 during mid-day trading on Wednesday, reaching $9.08. 1,897 shares of the company’s stock traded hands, compared to its average volume of 1,854. Ricoh has a 12 month low of $8.38 and a 12 month high of $11.34. The stock has a market cap of $6.46 billion, a PE ratio of 220.75, a price-to-earnings-growth ratio of 14.14 and a beta of 0.23. The company has a current ratio of 1.68, a quick ratio of 1.46 and a debt-to-equity ratio of 0.67.

Ricoh Company Profile

Ricoh Company, Ltd. engages in imaging and solutions, industrial products, and other businesses worldwide. The company offers various office printing products, including multifunction printers, laser printers, digital duplicators, and facsimiles; commercial printing products, such as production and wide format printers; and visual communication products comprising unified communication systems, projectors, and interactive whiteboards, as well as extensions/services for various printers.

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