Aisin Seiki (ASEKY) Projected to Release Quarterly Earnings on Friday

Aisin Seiki (OTCMKTS:ASEKY) is projected to post its results after the market closes on Friday, October 30th. Analysts expect Aisin Seiki to post earnings of $0.3219 per share and revenue of $8.29 billion for the quarter.

Aisin Seiki (OTCMKTS:ASEKY) last posted its quarterly earnings results on Friday, July 31st. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. The company had revenue of $8.26 billion for the quarter, compared to analysts’ expectations of $7.89 billion. On average, analysts expect Aisin Seiki to post $1.25 EPS for the current fiscal year and $1.33 EPS for the next fiscal year.

Aisin Seiki Price Performance

Shares of ASEKY opened at $14.29 on Wednesday. The stock’s fifty day simple moving average is $14.46 and its 200 day simple moving average is $14.96. Aisin Seiki has a twelve month low of $12.85 and a twelve month high of $19.50.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Aisin Seiki from a “strong sell” rating to a “hold” rating in a report on Monday, October 12th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Aisin Seiki Company Profile

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.