Alps Electric (OTCMKTS:APELY) Releases Earnings Results, Beats Expectations By $0.56 EPS

Alps Electric (OTCMKTS:APELY) announced its quarterly earnings data on Friday. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.18 by $0.56, Zacks reports. Alps Electric had a net margin of 4.91% and a return on equity of 5.41%. The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.63 billion.

Alps Electric Trading Up 2.0%

Shares of OTCMKTS:APELY traded up $0.52 on Friday, hitting $26.25. 4,528 shares of the company’s stock were exchanged, compared to its average volume of 1,019. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of 8.13, a price-to-earnings-growth ratio of 0.61 and a beta of 0.32. Alps Electric has a 12 month low of $16.21 and a 12 month high of $27.30. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.10 and a quick ratio of 1.49. The business’s 50 day simple moving average is $26.43 and its two-hundred day simple moving average is $24.70.

Analyst Ratings Changes

Separately, Zacks Research raised Alps Electric from a “hold” rating to a “strong-buy” rating in a report on Monday, January 19th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

About Alps Electric

Alps Electric Co, Ltd. (OTCMKTS:APELY), a subsidiary of Alps Alpine Co, Ltd., is a Japan-based manufacturer of electronic components and automotive solutions. Founded in 1948 and headquartered in Tokyo, the company designs and produces a broad portfolio of products for consumer electronics, industrial equipment, and the automotive sector. Its offerings include human-machine interface devices such as switches, touchpads, and rotary encoders, as well as sensors, wireless communication modules, and power management solutions.

In the automotive field, Alps Electric supplies advanced mechatronic systems including infotainment controls, navigation keypads, and haptic feedback devices.