Alps Electric (APELY) Set to Announce Quarterly Earnings on Friday

Key Points

• Alps Electric is expected to report quarterly results after market close Friday, October 30. Analysts forecast earnings of $0.52 per share on revenue of $1.87 billion.
• The company’s previous quarter fell short of expectations, reporting a $0.21 loss per share versus a $0.02 profit estimate and revenue of $1.49 billion versus $1.52 billion expected.
• Zacks Research upgraded the stock to “strong buy,” giving Alps Electric an average analyst rating of “Strong Buy.” Shares recently opened at $26.43, within a 52-week range of $23.65 to $32.15.

Alps Electric (OTCMKTS:APELY - Get Free Report) will likely be posting its results after the market closes on Friday, October 30th. Analysts expect the company to post earnings of $0.52 per share and revenue of $1.87 billion for the quarter.

Alps Electric (OTCMKTS:APELY - Get Free Report) last announced its quarterly earnings results on Friday, July 31st. The company reported ($0.21) earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by ($0.23). The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.52 billion. Alps Electric had a net margin of 2.64% and a return on equity of 7.24%. On average, analysts expect Alps Electric to post $2.11 EPS for the current fiscal year and $2.02 EPS for the next fiscal year.

Alps Electric Price Performance

Alps Electric stock opened at $26.43 on Friday. The company's 50 day simple moving average is $28.32 and its 200-day simple moving average is $27.37. The company has a market capitalization of $2.75 billion, a price-to-earnings ratio of 12.59, a price-to-earnings-growth ratio of 1.60 and a beta of 0.43. Alps Electric has a 1 year low of $23.65 and a 1 year high of $32.15. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.32 and a current ratio of 1.95.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Alps Electric from a "hold" rating to a "strong-buy" rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating. According to MarketBeat, the stock currently has an average rating of "Strong Buy".

Alps Electric Company Profile

Alps Electric Co, Ltd., now known as Alps Alpine Co, Ltd., is a Japanese manufacturer of electronic components and systems. The company develops products for the automotive, mobile communications, consumer electronics, and industrial markets.

Its product portfolio includes switches and other human-machine interface components, sensors, encoders, connectivity and communication modules, magnetic components, and power-related devices. Through its automotive business, Alps Alpine also supplies electronic control, infotainment, display, sensing, and connectivity solutions for vehicle manufacturers and suppliers.

The company traces its origins to Japan in the late 1940s and expanded internationally as demand grew for electronic components.

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