Seiko Epson (OTCMKTS:SEKEY) Posts Quarterly Earnings Results, Beats Expectations By $0.10 EPS

Seiko Epson (OTCMKTS:SEKEY) issued its quarterly earnings results on Thursday. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.21 by $0.10, Zacks reports. The company had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.35 billion. Seiko Epson had a return on equity of 2.97% and a net margin of 1.71%.

Seiko Epson Stock Performance

Shares of SEKEY stock opened at $8.47 on Friday. The firm has a market capitalization of $6.33 billion, a PE ratio of 19.25 and a beta of 1.01. The company has a 50 day moving average price of $10.22 and a 200-day moving average price of $8.36. Seiko Epson has a 52 week low of $5.75 and a 52 week high of $10.97. The company has a quick ratio of 1.27, a current ratio of 2.09 and a debt-to-equity ratio of 0.20.

Analyst Ratings Changes

Separately, Jefferies Financial Group cut shares of Seiko Epson from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. One analyst has rated the stock with a Hold rating. According to MarketBeat.com, the stock has an average rating of “Hold”.

About Seiko Epson

Seiko Epson Corporation is a Japan-based technology company that develops and manufactures imaging, printing, visual communications, and precision products. The company is best known for its Epson brand of inkjet printers, multifunction devices, scanners, and business and industrial printing systems.

Epson also produces projectors and other visual communication equipment, industrial robots and automation systems, microdevices, electronic components, and related solutions. Its product portfolio serves consumers, businesses, schools, commercial printers, manufacturers, and other institutional customers.

The company traces its origins to Daiwa Kogyo, founded in 1942 in Suwa, Japan, and adopted the Epson name in the 1970s.