Aisin Seiki (OTCMKTS:ASEKY) Releases Quarterly Earnings Results, Misses Expectations By $0.09 EPS

Aisin Seiki (OTCMKTS:ASEKY) issued its earnings results on Thursday. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.09), Zacks reports. Aisin Seiki had a net margin of 3.14% and a return on equity of 6.73%. The company had revenue of $8.45 billion during the quarter, compared to analyst estimates of $8.39 billion.

Aisin Seiki Price Performance

Aisin Seiki stock remained flat at $14.29 during mid-day trading on Friday. The company’s stock had a trading volume of 106 shares, compared to its average volume of 719. Aisin Seiki has a 52-week low of $12.85 and a 52-week high of $19.50. The company has a 50 day moving average price of $14.47 and a 200 day moving average price of $14.91. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.27 and a current ratio of 1.79. The firm has a market cap of $10.38 billion, a P/E ratio of 9.86 and a beta of 0.55.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Aisin Seiki from a “strong sell” rating to a “hold” rating in a research note on Monday, October 12th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

About Aisin Seiki

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.