Alps Electric (OTCMKTS:APELY – Get Free Report) is expected to be announcing its results after the market closes on Friday, October 30th. Analysts expect the company to post earnings of $0.5670 per share and revenue of $1.86 billion for the quarter.
Alps Electric (OTCMKTS:APELY – Get Free Report) last released its quarterly earnings results on Friday, July 31st. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.23). The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.52 billion. Alps Electric had a net margin of 2.64% and a return on equity of 7.24%. On average, analysts expect Alps Electric to post $2.11 EPS for the current fiscal year and $2.02 EPS for the next fiscal year.
Alps Electric Trading Up 2.0%
Shares of APELY stock opened at $26.93 on Thursday. The firm has a 50 day moving average price of $28.17 and a two-hundred day moving average price of $27.32. The company has a quick ratio of 1.32, a current ratio of 1.95 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $2.80 billion, a PE ratio of 15.47, a price-to-earnings-growth ratio of 1.52 and a beta of 0.43. Alps Electric has a 12-month low of $23.65 and a 12-month high of $32.15.
Wall Street Analysts Forecast Growth
Separately, Zacks Research upgraded Alps Electric from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 19th. One equities research analyst has rated the stock with a Strong Buy rating. According to MarketBeat, the stock has a consensus rating of “Strong Buy”.
Read Our Latest Research Report on Alps Electric
About Alps Electric
Alps Electric Co, Ltd., now known as Alps Alpine Co, Ltd., is a Japanese manufacturer of electronic components and systems. The company develops products for the automotive, mobile communications, consumer electronics, and industrial markets.
Its product portfolio includes switches and other human-machine interface components, sensors, encoders, connectivity and communication modules, magnetic components, and power-related devices. Through its automotive business, Alps Alpine also supplies electronic control, infotainment, display, sensing, and connectivity solutions for vehicle manufacturers and suppliers.
The company traces its origins to Japan in the late 1940s and expanded internationally as demand grew for electronic components.
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