Asahi Kasei (AHKSY) Projected to Post Earnings on Thursday

by · The Markets Daily

Asahi Kasei (OTCMKTS:AHKSY – Get Free Report) will likely be issuing its results after the market closes on Thursday, November 5th. Analysts expect Asahi Kasei to post earnings of $0.3962 per share and revenue of $5.32 billion for the quarter.

Asahi Kasei Stock Down 0.1%

AHKSY opened at $20.00 on Wednesday. The stock has a market capitalization of $13.94 billion, a price-to-earnings ratio of 11.51 and a beta of 0.60. The firm has a 50 day moving average price of $20.44 and a 200-day moving average price of $21.00. Asahi Kasei has a twelve month low of $15.32 and a twelve month high of $24.12. The company has a quick ratio of 1.12, a current ratio of 2.01 and a debt-to-equity ratio of 0.42.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group downgraded shares of Asahi Kasei from a “buy” rating to a “hold” rating in a research report on Thursday, October 8th. Two research analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, Asahi Kasei presently has an average rating of “Hold”.

Read Our Latest Stock Analysis on Asahi Kasei

About Asahi Kasei

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Asahi Kasei Corp. is a diversified Japanese company with operations spanning materials, homes and health care. Its materials businesses provide products such as engineering plastics, synthetic rubber, coatings materials, electronic materials, separators for lithium-ion batteries and other performance materials used in automotive, consumer, industrial and technology applications.

Through its homes operations, Asahi Kasei develops and builds residential properties, offers housing-related services and produces construction materials.

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