Asahi Kasei Corp (AHKSY) Expected to Earn FY2019 Earnings of $1.97 Per Share
Asahi Kasei Corp (OTCMKTS:AHKSY) – Equities research analysts at Jefferies Group lifted their FY2019 earnings per share (EPS) estimates for shares of Asahi Kasei in a report issued on Monday. Jefferies Group analyst Y. Azuma now forecasts that the company will post earnings per share of $1.97 for the year, up from their prior forecast of $1.57. Jefferies Group also issued estimates for Asahi Kasei’s FY2020 earnings at $1.91 EPS.
Separately, Zacks Investment Research downgraded shares of Asahi Kasei from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 28th.
Asahi Kasei (AHKSY) traded down $0.26 during trading hours on Wednesday, reaching $25.49. 2,286 shares of the company’s stock were exchanged, compared to its average volume of 8,279. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.92 and a current ratio of 1.53. The stock has a market capitalization of $17,701.01, a P/E ratio of 15.58, a P/E/G ratio of -2.83 and a beta of 0.13. Asahi Kasei has a 12 month low of $17.32 and a 12 month high of $26.83.
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Asahi Kasei Company Profile
Asahi Kasei Corporation primarily manufactures, processes, and sells chemical products in Japan and internationally. The company offers nitric acid, caustic soda, acrylonitrile, styrene, methyl methacrylate, acrylic resins, polyethylene, and polystyrene; styrene-acrylonitrile, acrylonitrile-butadiene-styrene, polyacetal, modified polyphenylene ether, adipic acid, polyamides, and synthetic rubber; and coating materials, latex, microcrystalline cellulose, explosives, explosion-bonded metal clad, UF and MF membranes and systems, ion-exchange membranes and electrolysis systems, cling films, storage bags, plastic films and sheets, and plastic foams.
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