Seiko Epson (OTCMKTS:SEKEY) Announces Earnings Results

Seiko Epson (OTCMKTS:SEKEY) issued its earnings results on Thursday. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.10, Zacks reports. Seiko Epson had a net margin of 1.71% and a return on equity of 2.97%.

Seiko Epson Price Performance

Shares of SEKEY traded down $0.91 during midday trading on Thursday, hitting $8.91. 22,042 shares of the company traded hands, compared to its average volume of 17,061. Seiko Epson has a one year low of $5.75 and a one year high of $10.97. The firm has a market cap of $6.66 billion, a P/E ratio of 37.77 and a beta of 1.01. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.09 and a quick ratio of 1.27. The stock has a 50-day moving average of $10.24 and a 200-day moving average of $8.35.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group lowered Seiko Epson from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. One investment analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

About Seiko Epson

Seiko Epson Corporation is a Japan-based technology company that develops and manufactures imaging, printing, visual communications, and precision products. The company is best known for its Epson brand of inkjet printers, multifunction devices, scanners, and business and industrial printing systems.

Epson also produces projectors and other visual communication equipment, industrial robots and automation systems, microdevices, electronic components, and related solutions. Its product portfolio serves consumers, businesses, schools, commercial printers, manufacturers, and other institutional customers.

The company traces its origins to Daiwa Kogyo, founded in 1942 in Suwa, Japan, and adopted the Epson name in the 1970s.