Nintendo Co. to Post Q2 2018 Earnings of $0.06 Per Share, Wedbush Forecasts (OTC:NTDOY)

Nintendo Co. (OTC:NTDOY) – Equities researchers at Wedbush increased their Q2 2018 earnings per share estimates for shares of Nintendo in a research note issued to investors on Wednesday. Wedbush analyst M. Pachter now forecasts that the company will post earnings per share of $0.06 for the quarter, up from their prior estimate of $0.05. Wedbush also issued estimates for Nintendo’s Q3 2018 earnings at $0.40 EPS, Q1 2019 earnings at $0.07 EPS, Q2 2019 earnings at $0.08 EPS, Q3 2019 earnings at $0.39 EPS and Q4 2019 earnings at $0.07 EPS.

NTDOY has been the subject of a number of other research reports. Jefferies Group LLC reiterated a “buy” rating and set a $43.00 price target on shares of Nintendo in a research note on Thursday, April 20th. Citigroup Inc. initiated coverage on Nintendo in a research note on Thursday, April 13th. They set a “buy” rating for the company. Finally, CLSA upgraded Nintendo from a “sell” rating to an “underperform” rating in a research note on Wednesday, June 14th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $49.50.

Nintendo (OTC:NTDOY) traded up 2.23% during mid-day trading on Thursday, reaching $42.67. The company had a trading volume of 521,778 shares. Nintendo has a one year low of $24.12 and a one year high of $44.33.

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