Aisin Seiki (ASEKY) to Release Quarterly Earnings on Friday

Aisin Seiki (OTCMKTS:ASEKY) is expected to be issuing its resultson Friday, April 24th. Analysts expect the company to announce earnings of $0.3194 per share and revenue of $8.4444 billion for the quarter.

Aisin Seiki (OTCMKTS:ASEKY) last released its earnings results on Tuesday, February 3rd. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.16). Aisin Seiki had a return on equity of 7.21% and a net margin of 3.26%.The business had revenue of $8.33 billion for the quarter, compared to the consensus estimate of $8.03 billion. On average, analysts expect Aisin Seiki to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Aisin Seiki Price Performance

OTCMKTS ASEKY opened at $15.53 on Thursday. The business has a fifty day moving average price of $15.21 and a two-hundred day moving average price of $16.92. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.74 and a quick ratio of 1.17. Aisin Seiki has a fifty-two week low of $11.40 and a fifty-two week high of $19.50. The stock has a market capitalization of $11.79 billion, a PE ratio of 10.64 and a beta of 0.49.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut Aisin Seiki from a “hold” rating to a “strong sell” rating in a research note on Monday, March 2nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Aisin Seiki Company Profile

Aisin Seiki Co, Ltd., commonly known as Aisin, is a Japanese automotive parts manufacturer founded in 1949 and headquartered in Anjo, Aichi Prefecture. Originally established to supply repair parts for Toyota Motor Corporation, Aisin has grown into one of the world’s largest Tier-1 suppliers, delivering a broad portfolio of components to leading original equipment manufacturers (OEMs) across the globe.

The company’s core business centers on the design and production of automotive systems and components.