Aisin Seiki (OTCMKTS:ASEKY) Issues Earnings Results, Beats Estimates By $0.01 EPS

Aisin Seiki (OTCMKTS:ASEKY) issued its quarterly earnings results on Friday. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01, Zacks reports. Aisin Seiki had a return on equity of 7.19% and a net margin of 3.34%.

Aisin Seiki Stock Performance

Shares of Aisin Seiki stock remained flat at $14.27 during trading hours on Friday. 6 shares of the company’s stock were exchanged, compared to its average volume of 136. The company’s fifty day simple moving average is $14.00 and its 200 day simple moving average is $15.15. The company has a quick ratio of 1.28, a current ratio of 1.79 and a debt-to-equity ratio of 0.21. Aisin Seiki has a 1-year low of $12.36 and a 1-year high of $19.50. The stock has a market cap of $10.36 billion, a price-to-earnings ratio of 9.33 and a beta of 0.51.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on ASEKY shares. The Goldman Sachs Group raised Aisin Seiki from a “hold” rating to a “strong-buy” rating in a 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 analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, 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.