Aisin Seiki (OTCMKTS:ASEKY) Releases Quarterly Earnings Results, Beats Expectations By $0.24 EPS

Aisin Seiki (OTCMKTS:ASEKY) announced its earnings results on Tuesday. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.32 by $0.24, Zacks reports. The business had revenue of $8.44 billion for the quarter, compared to the consensus estimate of $8.44 billion. Aisin Seiki had a return on equity of 7.21% and a net margin of 3.26%.

Aisin Seiki Price Performance

Shares of OTCMKTS ASEKY opened at $14.48 on Thursday. Aisin Seiki has a fifty-two week low of $11.40 and a fifty-two week high of $19.50. The business has a 50 day moving average price of $15.03 and a two-hundred day moving average price of $16.83. The company has a quick ratio of 1.17, a current ratio of 1.74 and a debt-to-equity ratio of 0.22. The firm has a market cap of $10.99 billion, a PE ratio of 9.92 and a beta of 0.49.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Aisin Seiki from a “strong sell” rating to a “hold” rating in a report on Tuesday. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Aisin Seiki presently has an average rating of “Hold”.

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.