Aisin Seiki (ASEKY) Expected to Post Quarterly Earnings on Friday

Aisin Seiki (OTCMKTS:ASEKY) is expected to be announcing its results after the market closes on Friday, October 30th. Analysts expect Aisin Seiki to post earnings of $0.3219 per share and revenue of $8.29 billion for the quarter.

Aisin Seiki (OTCMKTS:ASEKY) last announced its quarterly earnings data on Friday, July 31st. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01. Aisin Seiki had a return on equity of 6.73% and a net margin of 3.14%. The business had revenue of $8.26 billion for the quarter, compared to analysts’ expectations of $7.89 billion. On average, analysts expect Aisin Seiki to post $1.25 EPS for the current fiscal year and $1.33 EPS for the next fiscal year.

Aisin Seiki Stock Performance

ASEKY opened at $14.29 on Thursday. Aisin Seiki has a 12 month low of $12.85 and a 12 month high of $19.50. The stock has a market capitalization of $10.38 billion, a price-to-earnings ratio of 9.86 and a beta of 0.52. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.79 and a quick ratio of 1.27. The business has a fifty day moving average price of $14.46 and a 200 day moving average price of $14.94.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Aisin Seiki from a “strong sell” rating to a “hold” rating in a research report on Monday, October 12th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

Aisin Seiki Company Profile

Aisin Seiki Co, Ltd., now known as Aisin Corporation, is a Japanese manufacturer of automotive components and systems. The company develops and produces automatic and manual transmissions, hybrid and electric vehicle drive systems, engines and engine components, braking systems, chassis components, and body-related products. It also offers aftermarket parts and services for vehicles.

Established in 1965, Aisin became a major supplier to Toyota and other global vehicle manufacturers. Its products are used in passenger cars, commercial vehicles, and other mobility applications, while its business has expanded to include components designed for electrified vehicles and connected mobility.

Aisin serves automotive customers through manufacturing, engineering, and sales operations in Japan and international markets, including North America, Europe, and Asia.