Alps Electric (APELY) Expected to Announce Quarterly Earnings on Wednesday

Key Points

• Alps Electric (OTCMKTS:APELY) is set to announce its quarterly earnings on October 29th, with analysts predicting earnings of $0.26 per share.
• The company previously reported a loss of ($0.18) earnings per share in its last quarterly results, missing the consensus estimate by ($0.14).
• Zacks Research has upgraded Alps Electric from a "strong sell" to a "hold" rating, while the stock currently has an average rating of "Reduce."

Alps Electric (OTCMKTS:APELY - Get Free Report) is projected to announce its results before the market opens on Wednesday, October 29th. Analysts expect the company to announce earnings of $0.26 per share for the quarter.

Alps Electric (OTCMKTS:APELY - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.14). The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $229.53 billion. Alps Electric had a return on equity of 1.79% and a net margin of 3.39%. On average, analysts expect Alps Electric to post $2 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Alps Electric Stock Performance

OTCMKTS:APELY opened at $24.50 on Wednesday. The stock has a market cap of $2.52 billion, a P/E ratio of 11.14, a P/E/G ratio of 1.13 and a beta of 0.20. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.53 and a current ratio of 2.23. Alps Electric has a 1 year low of $16.21 and a 1 year high of $24.50. The stock has a 50-day simple moving average of $23.99 and a 200-day simple moving average of $21.16.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Alps Electric from a "strong sell" rating to a "hold" rating in a report on Monday, September 8th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Reduce".

Alps Electric Company Profile

Alps Alpine Co, Ltd. manufactures and sells electronic components in Japan and internationally. It operates through four segments: Components, Sensor Communication, Module Systems, and Logistics. The company's products for the consumer, industrial equipment, and IoT markets include TACT switches, worker condition monitoring systems, HAPTIC reactor, actuator for cameras, remote monitoring system for logistics, analog meter monitoring system, resistive position sensor, pressure sensor, air environment sensor module, three-axis geomagnetic sensor, humidity sensor, and pc board mount current sensor.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.