Asahi Kasei (AHKSY) to Announce Quarterly Earnings on Thursday

Asahi Kasei (OTCMKTS:AHKSY) is expected to be announcing its resultson Thursday, July 30th. Analysts expect Asahi Kasei to post earnings of $0.3889 per share and revenue of $5.0860 billion for the quarter.

Asahi Kasei Stock Down 1.8%

OTCMKTS AHKSY opened at $22.25 on Wednesday. The stock has a 50 day moving average price of $22.31 and a 200-day moving average price of $21.11. Asahi Kasei has a one year low of $13.46 and a one year high of $24.12. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.35 and a current ratio of 2.35. The company has a market capitalization of $15.51 billion, a P/E ratio of 14.45 and a beta of 0.53.

Analysts Set New Price Targets

Separately, Zacks Research downgraded shares of Asahi Kasei from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy”.

Asahi Kasei Company Profile

Asahi Kasei Corp., headquartered in Tokyo, is a diversified Japanese manufacturer with operations spanning chemicals, homes, health care and electronics. Established in 1931, the company has grown from its origins in ammonia production to become a global supplier of advanced materials and solutions. Its broad product portfolio serves customers across Asia, Europe and the Americas, emphasizing innovation in polymer science, life sciences and residential construction.

Within its material science division, Asahi Kasei produces performance plastics, synthetic fibers and specialty chemicals used in automotive, consumer goods and industrial applications.