Aisin Seiki (OTCMKTS:ASEKY) Issues Quarterly Earnings Results, Beats Estimates By $0.12 EPS

Key Points

• Aisin Seiki reported earnings of $0.36 per share for the quarter, exceeding analysts' estimates of $0.24.
• The company's revenue for the quarter was $8.19 billion, significantly higher than expected, compared to the consensus estimate of $1,240.13 billion.
• Aisin Seiki's stock remained stable at $13.44, and it has a market capitalization of $10.20 billion.

Aisin Seiki (OTCMKTS:ASEKY - Get Free Report) announced its quarterly earnings data on Thursday. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.12, Zacks reports. The company had revenue of $8.19 billion during the quarter, compared to analysts' expectations of $1,240.13 billion.

Aisin Seiki Stock Performance

Shares of OTCMKTS:ASEKY remained flat at $13.44 during trading on Wednesday. The company has a market cap of $10.20 billion, a PE ratio of 25.36 and a beta of 0.43. The company has a current ratio of 1.59, a quick ratio of 1.13 and a debt-to-equity ratio of 0.24. The stock has a 50-day simple moving average of $12.68 and a 200 day simple moving average of $11.76. Aisin Seiki has a 12 month low of $8.54 and a 12 month high of $13.55.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein raised Aisin Seiki to a "hold" rating in a research report on Monday, April 14th.

Aisin Seiki Company Profile

Aisin Corporation manufactures and sells automotive parts, and energy and lifestyle related products. It provides powertrain products comprising 1 motor hybrid transmission and eaxle products; chassis and vehicle safety systems, such as automated parking systems and electronically controlled brake systems; power sliding door systems and sunroof products; connected and sharing solutions; and repair and maintenance products.