Aisin Seiki (OTCMKTS:ASEKY) Releases Quarterly Earnings Results, Beats Expectations By $0.24 EPS

Key Points

• Aisin Seiki reported Q results with EPS of $0.56 versus a $0.32 consensus, beating expectations by $0.24; the company posted a net margin of 3.26% and a return on equity of 7.21%.
• Despite the earnings beat, shares dropped about 6.5% to open at $14.21; the stock trades within a 12‑month range of $11.40–$19.50, has a PE of 9.73 and a market cap of $10.78 billion.
• Analyst sentiment is weak: Zacks downgraded Aisin from "hold" to "strong sell", and the stock carries a consensus rating of "Sell."

Aisin Seiki (OTCMKTS:ASEKY - Get Free Report) posted its earnings results on Tuesday. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.24, Zacks reports. Aisin Seiki had a net margin of 3.26% and a return on equity of 7.21%.

Aisin Seiki Stock Down 6.5%

ASEKY opened at $14.21 on Tuesday. Aisin Seiki has a twelve month low of $11.40 and a twelve month high of $19.50. The company has a quick ratio of 1.17, a current ratio of 1.74 and a debt-to-equity ratio of 0.22. The company has a 50-day moving average price of $15.12 and a 200 day moving average price of $16.87. The company has a market cap of $10.78 billion, a PE ratio of 9.73 and a beta of 0.49.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered shares of Aisin Seiki from a "hold" rating to a "strong sell" rating in a research note on Monday, March 2nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of "Sell".

About Aisin Seiki

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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