Brother Industries (OTCMKTS:BRTHY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, Zacks.com reports.
According to Zacks, “Brother Industries, Ltd. manufactures and markets communications and printing equipment. The company’s Printing and Solutions segment provides All-in-Ones, printers, fax machines, electronic stationeries, and typewriters. Its Personal and Home segment provides domestic sewing machines. The company’s Machinery and Solution segment offers industrial sewing machines and machines tools. Its Network & Contents segment engages in online karaoke business and provides content-delivery systems and contents services. Brother Industries, Ltd. is headquartered in Nagoya, Japan. “
Separately, Jefferies Financial Group raised shares of Brother Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, January 12th.
Brother Industries (OTCMKTS:BRTHY) last posted its quarterly earnings results on Wednesday, February 3rd. The company reported $1.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.98. The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.56 billion. Brother Industries had a net margin of 7.74% and a return on equity of 10.31%. On average, analysts predict that Brother Industries will post 2.89 EPS for the current fiscal year.
About Brother Industries
Brother Industries, Ltd. engages in the manufacture and sale of communication, printing, and electronic products and instruments. It operates through the following segments: Printing and Solutions Business, Personal and Home Business, Machinery Business, Network and Contents Business, Domino Business and Others.
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