Ajinomoto (OTCMKTS:AJINY) Issues Earnings Results

Key Points

• Ajinomoto reported quarterly earnings of $0.22 EPS, surpassing analysts' estimates of $0.21 EPS by $0.01.
• The company's revenue for the quarter was approximately $2.46 billion, falling short of the consensus estimate of $2.69 billion.
• Ajinomoto's stock rose $0.47 during trading, reaching a price of $27.69, amidst recent upgrades from analysts to "hold" and "strong-buy" ratings.

Ajinomoto (OTCMKTS:AJINY - Get Free Report) announced its quarterly earnings data on Monday. The company reported $0.22 earnings per share for the quarter, topping analysts' consensus estimates of $0.21 by $0.01, reports. Ajinomoto had a net margin of 6.02% and a return on equity of 10.45%. The firm had revenue of $2,457,935.81 billion during the quarter, compared to analyst estimates of $2.69 billion.

Ajinomoto Trading Up 0.2%

Shares of OTCMKTS AJINY traded up $0.07 during mid-day trading on Wednesday, hitting $26.57. The stock had a trading volume of 6,032 shares, compared to its average volume of 43,054. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.08 and a current ratio of 1.82. Ajinomoto has a 1 year low of $16.50 and a 1 year high of $28.23. The business has a 50 day moving average price of $26.17 and a two-hundred day moving average price of $30.68. The firm has a market cap of $26.48 billion, a P/E ratio of 44.28 and a beta of 0.52.

Analyst Ratings Changes

Several research analysts recently commented on AJINY shares. Nomura Securities raised shares of Ajinomoto to a "hold" rating in a research note on Tuesday, May 27th. CLSA raised shares of Ajinomoto to a "strong-buy" rating in a research note on Wednesday, May 28th.

Ajinomoto Company Profile

Ajinomoto Co, Inc engages in the seasonings and foods, frozen foods, and healthcare and other businesses in Japan and internationally. The Seasonings and Foods segment offers sauces and seasoning products under the AJI-NO-MOTO, HON-DASHI, Cook Do, Ajinomoto KK Consommé, Pure Select Mayonnaise, Ros Dee, Masako, Aji-ngon, Sazón, Sajiku, and CRISPY FRY names; and solutions and ingredients for foodservice and processed food manufacturers, processed foods, and restaurants, as well as industrial, retail, and other applications.