Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Canon (CAJ) Share Price
Headlines about Canon (NYSE:CAJ) have been trending somewhat positive on Wednesday, Accern Sentiment Analysis reports. Accern scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Canon earned a news impact score of 0.18 on Accern’s scale. Accern also gave news headlines about the technology company an impact score of 45.2151406140928 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have impacted Accern’s analysis:
- Guests at Vision Expo East Invited to See Canon Eyecare Technology (finance.yahoo.com)
- Asia Stocks Gain on Upbeat U.S. Jobs Data: 5 Top Picks (finance.yahoo.com)
- What Are GoPro’s Key Priorities for 2018? (finance.yahoo.com)
- Canon U.S.A. Lends Its Support To “Women Photograph”, An Initiative Created To Promote The Representation Of Female Photojournalists (finance.yahoo.com)
Several brokerages recently weighed in on CAJ. ValuEngine upgraded Canon from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Zacks Investment Research lowered Canon from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th.
Canon (NYSE:CAJ) last issued its quarterly earnings data on Tuesday, January 30th. The technology company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.07. The company had revenue of $9.93 billion during the quarter, compared to analyst estimates of $9.89 billion. Canon had a return on equity of 8.75% and a net margin of 5.93%. sell-side analysts predict that Canon will post 2.24 EPS for the current fiscal year.
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Canon Inc (Canon) is a manufacturer of office multifunction devices (MFDs), plain paper copying machines, laser printers, inkjet printers, cameras and lithography equipment. Canon sells its products principally under the Canon brand name and through sales subsidiaries. Each of these subsidiaries is responsible for marketing and distribution to retail dealers in an assigned territory.
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