Asahi Kasei (AHKSY) Projected to Announce Earnings on Thursday

Asahi Kasei (OTCMKTS:AHKSY) is anticipated to issue its results after the market closes on Thursday, November 5th. Analysts expect Asahi Kasei to announce earnings of $0.3962 per share and revenue of $5.32 billion for the quarter.

Asahi Kasei Price Performance

AHKSY stock opened at $20.03 on Tuesday. Asahi Kasei has a one year low of $15.19 and a one year high of $24.12. The company’s fifty day moving average price is $20.45 and its 200-day moving average price is $21.00. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.12 and a current ratio of 2.01. The company has a market capitalization of $13.96 billion, a PE ratio of 11.77 and a beta of 0.57.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group cut shares of Asahi Kasei from a “buy” rating to a “hold” rating in a research note on Thursday, October 8th. Two equities research analysts have rated the stock with a Hold rating. Based on data from MarketBeat, Asahi Kasei presently has a consensus rating of “Hold”.

About Asahi Kasei

Asahi Kasei Corp. is a diversified Japanese company with operations spanning materials, homes and health care. Its materials businesses provide products such as engineering plastics, synthetic rubber, coatings materials, electronic materials, separators for lithium-ion batteries and other performance materials used in automotive, consumer, industrial and technology applications.

Through its homes operations, Asahi Kasei develops and builds residential properties, offers housing-related services and produces construction materials.