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 (EPS) guidance of 0.050-0.050 for the period. The company issued revenue guidance of $14.1 billion-$14.1 billion.

Sharp Stock Performance

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

Sharp (OTCMKTS:SHCAY) last released its earnings results on Friday, August 9th. The company reported ($0.03) EPS for the quarter. Sharp had a negative return on equity of 15.56% and a negative net margin of 6.79%. The firm had revenue of $3.41 billion during the quarter. As a group, analysts expect that Sharp will post 0.05 EPS for the current fiscal year.

Sharp Company Profile

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.