Seiko Epson (OTCMKTS:SEKEY) Announces Quarterly Earnings Results

Seiko Epson (OTCMKTS:SEKEY) posted its quarterly earnings results on Wednesday. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.01, Zacks reports. The company had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.27 billion. Seiko Epson had a net margin of 3.14% and a return on equity of 5.20%.

Seiko Epson Price Performance

Shares of Seiko Epson stock traded down $0.29 during trading on Thursday, hitting $5.99. 32,489 shares of the company’s stock traded hands, compared to its average volume of 62,647. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.17 and a quick ratio of 1.21. The firm’s fifty day moving average price is $6.48 and its 200 day moving average price is $6.47. Seiko Epson has a twelve month low of $5.98 and a twelve month high of $9.59. The company has a market cap of $4.48 billion, a PE ratio of 13.93 and a beta of 0.82.

Analysts Set New Price Targets

Several research firms have issued reports on SEKEY. Nomura Securities upgraded shares of Seiko Epson to a “strong-buy” rating in a research report on Monday, August 18th. Zacks Research upgraded shares of Seiko Epson from a “strong sell” rating to a “hold” rating in a research report on Monday, September 15th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy”.

Seiko Epson Company Profile

Seiko Epson Corporation, together with its subsidiaries, develops, manufactures, sells, and provides services for products in the printing solutions, visual communications, manufacturing-related and wearables, and other businesses. It operates through three segments: Printing Solutions, Visual Communications, and Manufacturing-related and Wearables segments.