|Bid||18.89 x 900|
|Ask||18.90 x 1300|
|Day's Range||18.87 - 19.03|
|52 Week Range||15.46 - 28.41|
|Beta (5Y Monthly)||0.60|
|PE Ratio (TTM)||9.54|
|Forward Dividend & Yield||0.75 (4.02%)|
|Ex-Dividend Date||Jun 26, 2020|
|1y Target Est||N/A|
Canon (CAJ) has been upgraded to a Zacks Rank 1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
3 Office Equipment Stocks to Watch in a Challenging Industry
Shares of Canon (NYSE:CAJ) were flat in pre-market trading after the company reported Q3 results.Quarterly Results Earnings per share were down 34.78% over the past year to $0.15, which beat the estimate of $0.01.Revenue of $7,159,000,000 decreased by 11.08% year over year, which beat the estimate of $7,090,000,000.Looking Ahead Canon hasn't issued any earnings guidance for the time being.View more earnings on CAJRevenue guidance hasn't been issued by the company for now.Technicals Company's 52-week high was at $28.41Company's 52-week low was at $15.46Price action over last quarter: down 5.75%Company Description Canon designs, manufactures, and distributes an extensive range of consumer and electronic products, including copiers, cameras, lenses, and inkjet printers. The company operates four major business segments: office, imaging systems, medical systems, and industry and others. Its global customer base and domestically concentrated operations create inherent currency exposure, which can cause performance to fluctuate. Canon's headquarters and 28 of its 46 manufacturing plants are in Japan, but nearly 80% of revenue is delivered from international markets. The firm has been expanding into new geographies and markets to mitigate this exposure.See more from Benzinga * Click here for options trades from Benzinga * Earnings Scheduled For October 26, 2020 * Earnings Preview: Canon(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.