Alps Electric (APELY) to Release Earnings on Friday

Alps Electric (OTCMKTS:APELY) is anticipated to release its results before the market opens on Friday, January 30th. Analysts expect Alps Electric to post earnings of $0.10 per share for the quarter.

Alps Electric (OTCMKTS:APELY) last issued its earnings results on Friday, October 31st. The company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.83. The business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Alps Electric had a net margin of 4.91% and a return on equity of 5.41%. 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 $26.49 on Friday. The company has a market cap of $2.76 billion, a P/E ratio of 8.20, a P/E/G ratio of 0.59 and a beta of 0.32. Alps Electric has a twelve month low of $16.21 and a twelve month high of $27.30. The company’s 50-day moving average price is $26.43 and its 200-day moving average price is $24.46. The company has a current ratio of 2.10, a quick ratio of 1.49 and a debt-to-equity ratio of 0.13.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Alps Electric from a “hold” rating to a “strong-buy” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

About Alps Electric

Alps Electric Co, Ltd. (OTCMKTS:APELY), a subsidiary of Alps Alpine Co, Ltd., is a Japan-based manufacturer of electronic components and automotive solutions. Founded in 1948 and headquartered in Tokyo, the company designs and produces a broad portfolio of products for consumer electronics, industrial equipment, and the automotive sector. Its offerings include human-machine interface devices such as switches, touchpads, and rotary encoders, as well as sensors, wireless communication modules, and power management solutions.

In the automotive field, Alps Electric supplies advanced mechatronic systems including infotainment controls, navigation keypads, and haptic feedback devices.