Alps Electric (OTCMKTS:APELY) Announces Quarterly Earnings Results, Beats Expectations By $0.56 EPS

by · The Cerbat Gem

Alps Electric (OTCMKTS:APELY – Get Free Report) announced its quarterly earnings data on Friday. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.56, Zacks reports. Alps Electric had a net margin of 4.91% and a return on equity of 5.41%. The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.63 billion.

Alps Electric Price Performance

Shares of OTCMKTS APELY traded up $0.52 during midday trading on Friday, reaching $26.25. 4,528 shares of the company were exchanged, compared to its average volume of 1,019. The stock’s 50-day moving average price is $26.43 and its 200-day moving average price is $24.70. The stock has a market cap of $2.73 billion, a P/E ratio of 8.13, a PEG ratio of 0.61 and a beta of 0.32. The company has a quick ratio of 1.49, a current ratio of 2.10 and a debt-to-equity ratio of 0.13. Alps Electric has a one year low of $16.21 and a one year high of $27.30.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Alps Electric from a “hold” rating to a “strong-buy” rating in a research 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Read Our Latest Stock Analysis on Alps Electric

About Alps Electric

(Get Free Report)

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.

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