Alps Electric (OTCMKTS:APELY) Releases Quarterly Earnings Results, Misses Estimates By $0.23 EPS

Alps Electric (OTCMKTS:APELY) issued its quarterly earnings results on Friday. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.23), Zacks reports. The business had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Alps Electric had a net margin of 2.62% and a return on equity of 7.34%.

Alps Electric Stock Up 3.6%

Alps Electric stock opened at $26.93 on Friday. Alps Electric has a twelve month low of $21.55 and a twelve month high of $32.15. The firm has a 50 day moving average price of $26.30 and a 200-day moving average price of $27.04. The company has a market capitalization of $2.80 billion, a P/E ratio of 15.13, a P/E/G ratio of 6.98 and a beta of 0.37. The company has a quick ratio of 1.51, a current ratio of 2.08 and a debt-to-equity ratio of 0.12.

Analysts Set New Price Targets

Separately, Zacks Research downgraded Alps Electric from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 1st. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Alps Electric Company Profile

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.