China Automotive Systems (CAAS) Set to Announce Earnings on Tuesday

China Automotive Systems (NASDAQ:CAAS) is set to announce its earnings results before the market opens on Tuesday, May 14th. China Automotive Systems has set its FY 2024 guidance at EPS.Individual interested in registering for the company’s conference call can do so using this link.

China Automotive Systems (NASDAQ:CAAS) last released its quarterly earnings data on Thursday, March 28th. The auto parts company reported $0.36 earnings per share for the quarter. The business had revenue of $159.16 million for the quarter. China Automotive Systems had a net margin of 6.53% and a return on equity of 10.84%.

China Automotive Systems Stock Up 1.1 %

China Automotive Systems stock opened at $3.52 on Friday. China Automotive Systems has a 52-week low of $3.04 and a 52-week high of $5.73. The firm has a market capitalization of $106.25 million, a price-to-earnings ratio of 2.82 and a beta of 2.47. The firm has a 50-day moving average price of $3.49 and a two-hundred day moving average price of $3.42.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded China Automotive Systems from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 29th.

China Automotive Systems Company Profile

China Automotive Systems, Inc, through its subsidiaries, manufactures and sells automotive systems and components in the People's Republic of China, the United States, and internationally. It produces rack and pinion power steering gears for cars and light-duty vehicles; integral power steering gears for heavy-duty vehicles; power steering parts for light duty vehicles; sensor modules; automobile steering systems and columns; and automobile electronics and systems and parts.