Sharp (OTCMKTS:SHCAY) Updates FY 2024 Earnings Guidance

Sharp (OTCMKTS:SHCAY) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 0.050-0.050 for the period. The company issued revenue guidance of $14.1 billion-$14.1 billion.

Sharp Stock Down 3.5 %

Shares of OTCMKTS:SHCAY traded down $0.05 on Tuesday, hitting $1.36. 9,493 shares of the company’s stock were exchanged, compared to its average volume of 9,323. Sharp has a 1-year low of $1.16 and a 1-year high of $1.91. The company has a market capitalization of $3.54 billion, a PE ratio of -3.40 and a beta of 0.87. The company has a debt-to-equity ratio of 2.52, a quick ratio of 0.84 and a current ratio of 1.17. The firm’s 50-day moving average is $1.52 and its 200 day moving average is $1.46.

Sharp (OTCMKTS:SHCAY) last announced its quarterly earnings results on Friday, August 9th. The company reported ($0.03) earnings per share (EPS) for the quarter. The business had revenue of $3.41 billion during the quarter. Sharp had a negative net margin of 6.79% and a negative return on equity of 15.56%. Sell-side analysts predict that Sharp will post 0.05 EPS for the current year.

About Sharp

Sharp Corporation manufactures and sells telecommunication equipment, electric and electronic application equipment, and electronic components in Japan, China, and internationally. It operates through five segments: Smart Life, 8K Ecosystem, ICT, Display Device, and Electronic Device. The Smart Life segment offers refrigerators, superheated steam ovens, microwave ovens, small cooking appliances, air conditioners, washing machines, vacuum cleaners, air purifiers, electric fans, dehumidifiers, humidifiers, electric heaters, plasmacluster ion generators, beauty appliances, electronic dictionaries, calculators, telephones, network control units, solar cells, storage batteries, etc.