Aisin Seiki (OTCMKTS:ASEKY) Posts Earnings Results, Misses Expectations By $0.16 EPS

Key Points

• Aisin Seiki reported quarterly EPS of $0.16, missing analysts’ consensus estimate of $0.32 by $0.16. The company posted a 3.14% net margin and 6.73% return on equity.
• Shares were flat at $14.29, with a $10.38 billion market capitalization and a P/E ratio of 9.86. Trading volume was significantly below average.
• Zacks Research upgraded the stock from “strong sell” to “hold,” while analyst ratings remain positive overall, with a consensus “Buy” rating.

Aisin Seiki (OTCMKTS:ASEKY - Get Free Report) released its quarterly earnings data on Thursday. The company reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.32 by ($0.16), Zacks reports. Aisin Seiki had a net margin of 3.14% and a return on equity of 6.73%.

Aisin Seiki Price Performance

Shares of ASEKY remained flat at $14.29 during mid-day trading on Thursday. 119 shares of the stock traded hands, compared to its average volume of 758. The firm has a market capitalization of $10.38 billion, a P/E ratio of 9.86 and a beta of 0.52. Aisin Seiki has a one year low of $12.85 and a one year high of $19.50. The stock has a 50 day moving average of $14.46 and a 200-day moving average of $14.94. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.27 and a current ratio of 1.79.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Aisin Seiki from a "strong sell" rating to a "hold" rating in a research note on Monday, October 12th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy".

About Aisin Seiki

Aisin Seiki Co, Ltd., now known as Aisin Corporation, is a Japanese manufacturer of automotive components and systems. The company develops and produces automatic and manual transmissions, hybrid and electric vehicle drive systems, engines and engine components, braking systems, chassis components, and body-related products. It also offers aftermarket parts and services for vehicles.

Established in 1965, Aisin became a major supplier to Toyota and other global vehicle manufacturers. Its products are used in passenger cars, commercial vehicles, and other mobility applications, while its business has expanded to include components designed for electrified vehicles and connected mobility.

Aisin serves automotive customers through manufacturing, engineering, and sales operations in Japan and international markets, including North America, Europe, and Asia.

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