Aisin Seiki (ASEKY) Expected to Post Earnings on Thursday

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

Aisin Seiki (OTCMKTS:ASEKY) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.24. The firm had revenue of $8.44 billion for the quarter, compared to analyst estimates of $8.01 billion. Aisin Seiki had a net margin of 3.34% and a return on equity of 7.19%. 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 Price Performance

OTCMKTS ASEKY opened at $15.14 on Thursday. The stock’s 50 day simple moving average is $14.11 and its 200 day simple moving average is $15.36. Aisin Seiki has a one year low of $12.36 and a one year high of $19.50. The firm has a market cap of $10.99 billion, a PE ratio of 9.90 and a beta of 0.51. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.79 and a quick ratio of 1.28.

Analysts Set New Price Targets

ASEKY has been the topic of several recent research reports. Zacks Research upgraded Aisin Seiki from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. The Goldman Sachs Group raised shares of Aisin Seiki from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock 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.