Alps Electric (OTCMKTS:APELY) Issues Earnings Results, Misses Estimates By $0.23 EPS

Alps Electric (OTCMKTS:APELY) announced its quarterly earnings results on Friday. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.23), Zacks reports. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.52 billion. Alps Electric had a net margin of 2.62% and a return on equity of 7.34%.

Alps Electric Price Performance

Shares of APELY opened at $26.93 on Friday. Alps Electric has a fifty-two week low of $21.55 and a fifty-two week high of $32.15. The company has a market capitalization of $2.80 billion, a price-to-earnings ratio of 15.47, a price-to-earnings-growth ratio of 7.23 and a beta of 0.37. The firm has a 50-day simple moving average of $26.30 and a 200-day simple moving average of $27.04. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.51 and a current ratio of 2.08.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded shares of Alps Electric from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 1st. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Alps Electric presently has a consensus rating of “Hold”.

Alps Electric Company Profile

Alps Electric Co, Ltd. (OTCMKTS:APELY), a subsidiary of Alps Alpine Co, Ltd., is a Japan-based manufacturer of electronic components and automotive solutions. Founded in 1948 and headquartered in Tokyo, the company designs and produces a broad portfolio of products for consumer electronics, industrial equipment, and the automotive sector. Its offerings include human-machine interface devices such as switches, touchpads, and rotary encoders, as well as sensors, wireless communication modules, and power management solutions.

In the automotive field, Alps Electric supplies advanced mechatronic systems including infotainment controls, navigation keypads, and haptic feedback devices.