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

Alps Electric (OTCMKTS:APELY) announced its earnings results on Friday. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.56, Zacks reports. The business had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.63 billion. Alps Electric had a return on equity of 5.41% and a net margin of 4.91%.

Alps Electric Stock Performance

Alps Electric stock traded up $0.52 during midday trading on Friday, reaching $26.25. 4,528 shares of the stock traded hands, compared to its average volume of 1,019. The company has a current ratio of 2.10, a quick ratio of 1.49 and a debt-to-equity ratio of 0.13. The firm has a market cap of $2.73 billion, a price-to-earnings ratio of 8.13, a PEG ratio of 0.61 and a beta of 0.32. Alps Electric has a fifty-two week low of $16.21 and a fifty-two week high of $27.30. The firm has a fifty day moving average price of $26.43 and a two-hundred day moving average price of $24.70.

Analyst Ratings Changes

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

Alps Electric Company Profile

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.