Seiko Epson (OTCMKTS:SEKEY) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Seiko Epson (OTCMKTS:SEKEY) issued its quarterly earnings data on Wednesday. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.12 by $0.01, Zacks reports. The company had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.27 billion. Seiko Epson had a net margin of 3.14% and a return on equity of 5.20%.

Seiko Epson Price Performance

SEKEY stock traded down $0.29 during midday trading on Thursday, reaching $5.99. The company had a trading volume of 32,489 shares, compared to its average volume of 62,647. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.17 and a quick ratio of 1.21. Seiko Epson has a 1 year low of $5.98 and a 1 year high of $9.59. The company has a market capitalization of $4.48 billion, a P/E ratio of 13.93 and a beta of 0.82. The firm has a 50-day moving average price of $6.48 and a 200-day moving average price of $6.47.

Analyst Ratings Changes

SEKEY has been the topic of a number of analyst reports. Zacks Research raised shares of Seiko Epson from a “strong sell” rating to a “hold” rating in a report on Monday, September 15th. Nomura Securities raised shares of Seiko Epson to a “strong-buy” rating in a report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Seiko Epson Company Profile

Seiko Epson Corporation, together with its subsidiaries, develops, manufactures, sells, and provides services for products in the printing solutions, visual communications, manufacturing-related and wearables, and other businesses. It operates through three segments: Printing Solutions, Visual Communications, and Manufacturing-related and Wearables segments.