Aisin Seiki (ASEKY) Expected to Post Earnings on Thursday

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

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

Shares of ASEKY stock opened at $14.27 on Wednesday. The stock has a 50-day simple moving average of $14.03 and a 200 day simple moving average of $15.22. 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 fifty-two week low of $12.36 and a fifty-two week high of $19.50. The company has a quick ratio of 1.28, a current ratio of 1.79 and a debt-to-equity ratio of 0.21.

Analysts Set New Price Targets

Several research firms have recently weighed in on ASEKY. The Goldman Sachs Group upgraded shares of Aisin Seiki from a “hold” rating to a “strong-buy” rating in a research 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 equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has an average 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.