Aisin Seiki (ASEKY) to Post Earnings on Thursday

Aisin Seiki (OTCMKTS:ASEKY) is expected to release its resultson Thursday, July 30th. Analysts expect the company to post earnings of $0.2682 per share and revenue of $7.8897 billion for the quarter.

Aisin Seiki (OTCMKTS:ASEKY) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.24. Aisin Seiki had a net margin of 3.34% and a return on equity of 7.19%. The company had revenue of $8.44 billion during the quarter, compared to analysts’ expectations of $8.01 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 Stock Performance

OTCMKTS ASEKY opened at $14.27 on Tuesday. The firm’s 50-day moving average is $14.05 and its two-hundred day moving average is $15.26. The stock has a market capitalization of $10.36 billion, a P/E ratio of 9.33 and a beta of 0.51. Aisin Seiki has a 12 month low of $12.36 and a 12 month high of $19.50. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.79 and a quick ratio of 1.28.

Analysts Set New Price Targets

A number of equities analysts recently commented on ASEKY shares. The Goldman Sachs Group upgraded Aisin Seiki from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. Zacks Research upgraded shares of Aisin Seiki from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Aisin Seiki presently has a consensus rating of “Buy”.

About Aisin Seiki

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.