FY2019 EPS Estimates for Ricoh Co Ltd (RICOY) Lifted by Jefferies Financial Group

Ricoh Co Ltd (OTCMKTS:RICOY) – Jefferies Financial Group increased their FY2019 earnings estimates for shares of Ricoh in a research report issued on Monday, May 28th, according to Zacks Investment Research. Jefferies Financial Group analyst M. Nakanomyo now expects that the company will earn $0.60 per share 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 objective on the stock in a report on Saturday, March 31st.

Ricoh traded up $0.25, hitting $9.08, during trading on Wednesday, according to MarketBeat.com. 1,897 shares of the company’s stock were exchanged, compared to its average volume of 1,854. 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 has a fifty-two week low of $8.38 and a fifty-two week high of $11.34. The company has a market cap of $6.46 billion, a price-to-earnings ratio of 220.75, a PEG ratio of 14.14 and a beta of 0.23.

About Ricoh

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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