Seiko Epson (OTCMKTS:SEKEY) Issues Earnings Results, Beats Expectations By $0.10 EPS

Seiko Epson (OTCMKTS:SEKEY) posted its earnings results on Thursday. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.10, Zacks reports. Seiko Epson had a return on equity of 2.97% and a net margin of 1.71%.

Seiko Epson Stock Down 9.2%

Shares of Seiko Epson stock traded down $0.91 during trading on Thursday, reaching $8.91. The company’s stock had a trading volume of 22,042 shares, compared to its average volume of 17,061. Seiko Epson has a 1-year low of $5.75 and a 1-year high of $10.97. The company has a 50-day simple moving average of $10.24 and a two-hundred day simple moving average of $8.35. The company has a quick ratio of 1.27, a current ratio of 2.09 and a debt-to-equity ratio of 0.20. The company has a market cap of $6.66 billion, a price-to-earnings ratio of 34.29 and a beta of 1.01.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group cut shares of Seiko Epson from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the company has an average rating of “Hold”.

About Seiko Epson

Seiko Epson Corporation is a Japan-based technology company that develops and manufactures imaging, printing, visual communications, and precision products. The company is best known for its Epson brand of inkjet printers, multifunction devices, scanners, and business and industrial printing systems.

Epson also produces projectors and other visual communication equipment, industrial robots and automation systems, microdevices, electronic components, and related solutions. Its product portfolio serves consumers, businesses, schools, commercial printers, manufacturers, and other institutional customers.

The company traces its origins to Daiwa Kogyo, founded in 1942 in Suwa, Japan, and adopted the Epson name in the 1970s.