Aisin Seiki (ASEKY) Expected to Post Quarterly Earnings on Friday

Key Points

• Aisin Seiki is expected to report quarterly results after Friday’s market close, with analysts forecasting earnings of $0.3219 per share and revenue of $8.29 billion.
• In its prior quarter, the company beat expectations, posting $0.28 EPS versus $0.27 expected and revenue of $8.26 billion versus $7.89 billion forecast.
• Shares opened at $14.07, near their 50- and 200-day moving averages, while analyst sentiment averaged a “Buy” rating after Zacks upgraded the stock from “Strong Sell” to “Hold.”

Aisin Seiki (OTCMKTS:ASEKY - Get Free Report) is expected to be issuing its results after the market closes on Friday, October 30th. Analysts expect the company to post earnings of $0.3219 per share and revenue of $8.29 billion for the quarter.

Aisin Seiki (OTCMKTS:ASEKY - Get Free Report) last posted its quarterly earnings data on Friday, July 31st. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.01. The company had revenue of $8.26 billion during the quarter, compared to analysts' expectations of $7.89 billion. Aisin Seiki had a return on equity of 6.73% and a net margin of 3.14%. On average, analysts expect Aisin Seiki to post $1.25 EPS for the current fiscal year and $1.33 EPS for the next fiscal year.

Aisin Seiki Stock Performance

Shares of Aisin Seiki stock opened at $14.07 on Friday. The company's fifty day simple moving average is $14.47 and its 200-day simple moving average is $14.40. The company has a market cap of $10.22 billion, a price-to-earnings ratio of 9.71 and a beta of 0.55. The company has a current ratio of 1.79, a quick ratio of 1.27 and a debt-to-equity ratio of 0.22. Aisin Seiki has a 1 year low of $12.85 and a 1 year high of $19.50.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Aisin Seiki from a "strong sell" rating to a "hold" rating in a research note on Monday, October 12th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average 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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