Aisin Seiki (ASEKY) to Release Quarterly Earnings on Friday

Key Points

• Aisin Seiki will report quarterly results on Friday, April 24, with analysts expecting about $0.3194 EPS and $8.4444 billion in revenue for the quarter.
• In the prior quarter Aisin posted $0.33 EPS (missing the $0.49 consensus) while beating revenue expectations with $8.33 billion, and reported a net margin of 3.26% and ROE of 7.21%.
• The stock trades near $14.47 with a market cap of $10.98 billion and a P/E of 9.91, and Wall Street consensus is a "Sell" rating after a Zacks downgrade to "strong sell."

Aisin Seiki (OTCMKTS:ASEKY - Get Free Report) is expected to be announcing its resultson Friday, April 24th. Analysts expect the company to announce earnings of $0.3194 per share and revenue of $8.4444 billion for the quarter.

Aisin Seiki (OTCMKTS:ASEKY - Get Free Report) last released its earnings results on Tuesday, February 3rd. The company reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.49 by ($0.16). The company had revenue of $8.33 billion for the quarter, compared to the consensus estimate of $8.03 billion. Aisin Seiki had a net margin of 3.26% and a return on equity of 7.21%. On average, analysts expect Aisin Seiki to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Aisin Seiki Stock Performance

OTCMKTS:ASEKY opened at $14.47 on Friday. The stock has a fifty day moving average price of $15.33 and a 200-day moving average price of $16.98. The company has a market cap of $10.98 billion, a price-to-earnings ratio of 9.91 and a beta of 0.49. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.17 and a current ratio of 1.74. Aisin Seiki has a fifty-two week low of $11.40 and a fifty-two week high of $19.50.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded Aisin Seiki from a "hold" rating to a "strong sell" rating in a research report on Monday, March 2nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Sell".

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.

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