Alps Electric (OTCMKTS:APELY) Releases Earnings Results, Beats Expectations By $0.04 EPS

Alps Electric (OTCMKTS:APELY) posted its quarterly earnings data on Friday. The company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04, Zacks reports. Alps Electric had a net margin of 2.64% and a return on equity of 7.24%. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.88 billion.

Alps Electric Stock Performance

Shares of OTCMKTS APELY opened at $28.19 on Friday. Alps Electric has a one year low of $23.65 and a one year high of $32.15. The business has a fifty day simple moving average of $28.19 and a 200 day simple moving average of $27.32. The company has a current ratio of 1.95, a quick ratio of 1.32 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $2.93 billion, a price-to-earnings ratio of 25.86, a PEG ratio of 1.71 and a beta of 0.43.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Alps Electric from a “hold” rating to a “strong-buy” rating in a report on Monday, October 19th. One analyst has rated the stock with a Strong Buy rating. According to MarketBeat.com, the stock has an average rating of “Strong Buy”.

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.