Seiko Epson (OTCMKTS:SEKEY – Get Free Report) posted its quarterly earnings results on Thursday. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.10, Zacks reports. Seiko Epson had a return on equity of 2.97% and a net margin of 1.71%. The company had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.35 billion.
Seiko Epson Stock Performance
Shares of SEKEY remained flat at $8.91 during trading hours on Friday. The stock had a trading volume of 22,042 shares, compared to its average volume of 17,061. Seiko Epson has a one year low of $5.75 and a one year high of $10.97. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.09 and a quick ratio of 1.27. The company has a market cap of $6.66 billion, a PE ratio of 34.29 and a beta of 1.01. The stock has a 50 day moving average price of $10.24 and a 200-day moving average price of $8.35.
Analyst Ratings Changes
Separately, Jefferies Financial Group cut Seiko Epson from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. One equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.
Seiko Epson Company Profile
Seiko Epson Corporation is a Japan-based technology company that develops and manufactures imaging, printing, visual communications, and precision products. The company is best known for its Epson brand of inkjet printers, multifunction devices, scanners, and business and industrial printing systems.
Epson also produces projectors and other visual communication equipment, industrial robots and automation systems, microdevices, electronic components, and related solutions. Its product portfolio serves consumers, businesses, schools, commercial printers, manufacturers, and other institutional customers.
The company traces its origins to Daiwa Kogyo, founded in 1942 in Suwa, Japan, and adopted the Epson name in the 1970s.
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