Alps Electric (OTCMKTS:APELY) Posts Earnings Results, Beats Estimates By $0.39 EPS

Alps Electric (OTCMKTS:APELY) issued its quarterly earnings data on Thursday. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.39, Zacks reports. The firm had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.53 billion. Alps Electric had a return on equity of 7.42% and a net margin of 2.62%.

Alps Electric Trading Down 7.5%

APELY traded down $2.10 on Friday, hitting $25.96. The company had a trading volume of 2,954 shares, compared to its average volume of 846. The company has a market cap of $2.70 billion, a PE ratio of 7.73, a PEG ratio of 0.44 and a beta of 0.37. Alps Electric has a 12-month low of $18.01 and a 12-month high of $32.15. The company has a quick ratio of 1.44, a current ratio of 2.11 and a debt-to-equity ratio of 0.12. The business’s fifty day simple moving average is $27.79 and its 200 day simple moving average is $26.84.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Alps Electric from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Strong 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.