Panasonic Co. (NASDAQ:PCRFY) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Panasonic Co. (NASDAQ:PCRFY) issued its quarterly earnings data on Monday, July 31st. The company reported $0.19 EPS for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.02, Morningstar.com reports. The firm had revenue of $16.79 billion during the quarter. Panasonic had a negative return on equity of 6.00% and a negative net margin of 0.33%.

Shares of Panasonic (PCRFY) traded down 0.37% on Friday, reaching $13.46. The company’s stock had a trading volume of 53,499 shares. The stock has a 50-day moving average of $13.51 and a 200 day moving average of $12.29. Panasonic has a 52 week low of $9.13 and a 52 week high of $14.05. The stock has a market capitalization of $31.39 billion and a price-to-earnings ratio of 19.54.

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Separately, Zacks Investment Research upgraded Panasonic from a “strong sell” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Wednesday, July 12th.

About Panasonic

Panasonic Corporation is engaged in the development of diverse electronics technologies and solutions. The Company operates through five segments: Appliances, Eco Solutions, AVC Networks, Automotive & Industrial Systems, and Other. The Appliances segment is engaged in the development, manufacture and sale of consumer electronics, air-conditioners, cold chain and devices.

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