Alps Electric (APELY) to Release Earnings on Friday

Alps Electric (OTCMKTS:APELY) is expected to be releasing its results before the market opens on Friday, January 30th. Analysts expect Alps Electric to post earnings of $0.10 per share for the quarter.

Alps Electric (OTCMKTS:APELY) last announced its quarterly earnings data on Friday, October 31st. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.83. The firm had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Alps Electric had a return on equity of 5.41% and a net margin of 4.91%. On average, analysts expect Alps Electric to post $2 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Alps Electric Price Performance

Shares of OTCMKTS APELY opened at $26.50 on Thursday. Alps Electric has a 52 week low of $16.21 and a 52 week high of $27.30. The business’s 50 day moving average price is $26.46 and its 200 day moving average price is $24.66. The company has a quick ratio of 1.49, a current ratio of 2.10 and a debt-to-equity ratio of 0.13. The firm has a market cap of $2.76 billion, a P/E ratio of 8.20, a P/E/G ratio of 0.62 and a beta of 0.32.

Wall Street Analysts Forecast Growth

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