Nomura (NYSE:NMR) Issues Quarterly Earnings Results, Beats Expectations By $0.08 EPS

Nomura (NYSE:NMR) posted its earnings results on Wednesday. The financial services provider reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.08, Zacks reports. Nomura had a net margin of 6.91% and a return on equity of 7.93%.

Nomura Stock Up 7.5 %

NMR traded up $0.49 during trading hours on Wednesday, reaching $6.95. 560,927 shares of the stock traded hands, compared to its average volume of 579,909. The firm’s fifty day simple moving average is $5.99 and its two-hundred day simple moving average is $5.70. The company has a market cap of $20.63 billion, a price-to-earnings ratio of 11.77, a PEG ratio of 0.43 and a beta of 0.66. Nomura has a fifty-two week low of $4.66 and a fifty-two week high of $6.99. The company has a debt-to-equity ratio of 7.19, a current ratio of 1.11 and a quick ratio of 1.11.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on NMR shares. StockNews.com raised shares of Nomura from a “hold” rating to a “buy” rating in a research report on Wednesday, December 11th. Bank of America assumed coverage on shares of Nomura in a research report on Tuesday, October 22nd. They set a “neutral” rating for the company.

About Nomura

Nomura Holdings, Inc provides various financial services to individuals, corporations, financial institutions, governments, and governmental agencies worldwide. It operates through three segments: Retail, Investment Management, and Wholesale. The Retail segment offers various financial products and investment consultation services.