Asahi Kasei (AHKSY) to Release Quarterly Earnings on Thursday

Asahi Kasei (OTCMKTS:AHKSY) is projected to announce its resultson Thursday, July 30th. Analysts expect Asahi Kasei to post earnings of $0.3889 per share and revenue of $5.0860 billion for the quarter.

Asahi Kasei Trading Down 0.8%

OTCMKTS AHKSY opened at $22.63 on Friday. The company has a current ratio of 2.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.40. Asahi Kasei has a 1-year low of $13.46 and a 1-year high of $24.12. The firm’s fifty day simple moving average is $22.25 and its 200-day simple moving average is $21.03. The company has a market capitalization of $15.77 billion, a PE ratio of 14.69 and a beta of 0.53.

Analysts Set New Price Targets

Separately, Zacks Research downgraded Asahi Kasei from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. One equities research 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.com, the stock presently has a consensus rating of “Buy”.

About Asahi Kasei

Asahi Kasei Corp., headquartered in Tokyo, is a diversified Japanese manufacturer with operations spanning chemicals, homes, health care and electronics. Established in 1931, the company has grown from its origins in ammonia production to become a global supplier of advanced materials and solutions. Its broad product portfolio serves customers across Asia, Europe and the Americas, emphasizing innovation in polymer science, life sciences and residential construction.

Within its material science division, Asahi Kasei produces performance plastics, synthetic fibers and specialty chemicals used in automotive, consumer goods and industrial applications.