Alps Electric (OTCMKTS:APELY – Get Free Report) will likely be issuing its results after the market closes on Friday, October 30th. Analysts expect the company to post earnings of $0.52 per share and revenue of $1.87 billion for the quarter.
Alps Electric (OTCMKTS:APELY – Get Free Report) last issued its earnings results on Friday, July 31st. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.23). The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.52 billion. On average, analysts expect Alps Electric to post $2.11 EPS for the current fiscal year and $2.02 EPS for the next fiscal year.
Alps Electric Price Performance
Shares of OTCMKTS:APELY opened at $26.11 on Wednesday. The company’s fifty day moving average is $28.17 and its two-hundred day moving average is $27.32. Alps Electric has a 1-year low of $23.65 and a 1-year high of $32.15.
Analyst Upgrades and Downgrades
Separately, Zacks Research raised shares of Alps Electric from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 19th. One research analyst has rated the stock with a Strong Buy rating. Based on data from MarketBeat, Alps Electric currently has an average rating of “Strong Buy”.
Read Our Latest Report on APELY
Alps Electric Company Profile
Alps Electric Co, Ltd., now known as Alps Alpine Co, Ltd., is a Japanese manufacturer of electronic components and systems. The company develops products for the automotive, mobile communications, consumer electronics, and industrial markets.
Its product portfolio includes switches and other human-machine interface components, sensors, encoders, connectivity and communication modules, magnetic components, and power-related devices. Through its automotive business, Alps Alpine also supplies electronic control, infotainment, display, sensing, and connectivity solutions for vehicle manufacturers and suppliers.
The company traces its origins to Japan in the late 1940s and expanded internationally as demand grew for electronic components.
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