Asahi Kasei (AHKSY) to Announce Earnings on Thursday

Asahi Kasei (OTCMKTS:AHKSY) is expected to be releasing its resultson Thursday, July 30th. Analysts expect Asahi Kasei to post earnings of $0.3889 per share and revenue of $5.0860 billion for the quarter.

Asahi Kasei Trading Up 0.5%

OTCMKTS AHKSY opened at $22.65 on Tuesday. Asahi Kasei has a 1-year low of $13.46 and a 1-year high of $24.12. The company has a current ratio of 2.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.40. The stock has a 50-day moving average of $22.29 and a 200-day moving average of $21.08. The firm has a market cap of $15.79 billion, a PE ratio of 14.71 and a beta of 0.53.

Analyst Ratings Changes

Separately, Zacks Research cut Asahi Kasei from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

About Asahi Kasei

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.