Asahi Kasei (AHKSY) to Release Earnings on Tuesday

Asahi Kasei (OTCMKTS:AHKSY) is anticipated to post its resultson Tuesday, May 12th. Analysts expect Asahi Kasei to post earnings of $0.2718 per share and revenue of $5.1804 billion for the quarter.

Asahi Kasei Stock Performance

Shares of AHKSY stock remained flat at $19.26 during mid-day trading on Tuesday. The stock had a trading volume of 35,490 shares, compared to its average volume of 33,760. Asahi Kasei has a 52-week low of $12.71 and a 52-week high of $24.12. The company has a 50-day moving average of $20.49 and a 200-day moving average of $18.87. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.23 and a current ratio of 2.11. The firm has a market capitalization of $13.43 billion, a PE ratio of 12.59 and a beta of 0.49.

Analysts Set New Price Targets

Several brokerages recently commented on AHKSY. Zacks Research raised Asahi Kasei from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. The Goldman Sachs Group raised Asahi Kasei from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 3rd. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

Asahi Kasei Company Profile

Asahi Kasei Corp., headquartered in Tokyo, is a diversified Japanese manufacturer with operations spanning chemicals, homes, health care and electronics. Established in 1931, the company has grown from its origins in ammonia production to become a global supplier of advanced materials and solutions. Its broad product portfolio serves customers across Asia, Europe and the Americas, emphasizing innovation in polymer science, life sciences and residential construction.

Within its material science division, Asahi Kasei produces performance plastics, synthetic fibers and specialty chemicals used in automotive, consumer goods and industrial applications.