Seiko Epson (OTCMKTS:SEKEY) Issues Quarterly Earnings Results

Seiko Epson (OTCMKTS:SEKEY) released its earnings results on Wednesday. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.01, Zacks reports. Seiko Epson had a return on equity of 5.20% and a net margin of 3.14%.The firm had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.27 billion.

Seiko Epson Stock Down 4.6%

Shares of OTCMKTS:SEKEY traded down $0.29 during mid-day trading on Thursday, reaching $5.99. 32,489 shares of the stock were exchanged, compared to its average volume of 62,591. The company has a quick ratio of 1.21, a current ratio of 2.17 and a debt-to-equity ratio of 0.23. The company has a market cap of $4.48 billion, a P/E ratio of 13.93 and a beta of 0.82. Seiko Epson has a one year low of $5.98 and a one year high of $9.59. The stock’s 50 day simple moving average is $6.48 and its 200-day simple moving average is $6.47.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Zacks Research upgraded Seiko Epson from a “strong sell” rating to a “hold” rating in a report on Monday, September 15th. Nomura Securities upgraded 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 issued a Hold rating to the stock. According to MarketBeat.com, Seiko Epson 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.