Aisin Seiki (OTCMKTS:ASEKY) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Aisin Seiki (OTCMKTS:ASEKY) announced its earnings results on Friday. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.01, Zacks reports. Aisin Seiki had a net margin of 3.34% and a return on equity of 7.19%. The business had revenue of $8.26 billion during the quarter, compared to the consensus estimate of $7.89 billion.

Aisin Seiki Price Performance

OTCMKTS:ASEKY opened at $14.27 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.28 and a current ratio of 1.79. The company has a market capitalization of $10.36 billion, a price-to-earnings ratio of 9.33 and a beta of 0.51. Aisin Seiki has a one year low of $12.36 and a one year high of $19.50. The stock has a 50-day simple moving average of $13.99 and a 200 day simple moving average of $15.14.

Analysts Set New Price Targets

A number of equities analysts have commented on ASEKY shares. The Goldman Sachs Group upgraded shares of Aisin Seiki from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. Zacks Research raised Aisin Seiki from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average 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.