Aisin Seiki (ASEKY) to Announce Earnings on Thursday

Aisin Seiki (OTCMKTS:ASEKY) is anticipated to post its resultson Thursday, July 30th. Analysts expect Aisin Seiki to post earnings of $0.2682 per share and revenue of $7.8897 billion for the quarter.

Aisin Seiki (OTCMKTS:ASEKY) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.24. The business had revenue of $8.44 billion during the quarter, compared to analyst estimates of $8.01 billion. Aisin Seiki had a return on equity of 7.19% and a net margin of 3.34%. On average, analysts expect Aisin Seiki to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Aisin Seiki Stock Performance

Shares of OTCMKTS:ASEKY opened at $15.14 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.28 and a current ratio of 1.79. The stock has a market capitalization of $10.99 billion, a price-to-earnings ratio of 9.90 and a beta of 0.51. Aisin Seiki has a 1-year low of $12.36 and a 1-year high of $19.50. The company has a 50 day moving average price of $14.11 and a 200 day moving average price of $15.36.

Analysts Set New Price Targets

Several research analysts recently weighed in on ASEKY shares. The Goldman Sachs Group raised Aisin Seiki from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. Zacks Research upgraded shares of Aisin Seiki from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Aisin Seiki presently has a consensus rating of “Buy”.

About Aisin Seiki

Aisin Seiki Co, Ltd., commonly known as Aisin, is a Japanese automotive parts manufacturer founded in 1949 and headquartered in Anjo, Aichi Prefecture. Originally established to supply repair parts for Toyota Motor Corporation, Aisin has grown into one of the world’s largest Tier-1 suppliers, delivering a broad portfolio of components to leading original equipment manufacturers (OEMs) across the globe.

The company’s core business centers on the design and production of automotive systems and components.