Aisin Seiki (OTCMKTS:ASEKY) Announces Quarterly Earnings Results

Aisin Seiki (OTCMKTS:ASEKY) issued its quarterly earnings results on Friday. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01, Zacks reports. Aisin Seiki had a return on equity of 7.19% and a net margin of 3.34%.The company had revenue of $8.26 billion for the quarter, compared to analyst estimates of $7.89 billion.

Aisin Seiki Stock Performance

OTCMKTS ASEKY opened at $14.27 on Friday. The firm has a market capitalization of $10.36 billion, a P/E ratio of 9.84 and a beta of 0.51. Aisin Seiki has a 1-year low of $12.36 and a 1-year 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. The business’s 50-day simple moving average is $13.99 and its 200-day simple moving average is $15.14.

Analysts Set New Price Targets

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

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.