China Automotive Systems (NASDAQ:CAAS) is scheduled to issue its quarterly earnings data before the market opens on Friday, November 9th. Analysts expect the company to announce earnings of ($0.01) per share for the quarter.
China Automotive Systems (NASDAQ:CAAS) last announced its earnings results on Thursday, August 9th. The auto parts company reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.14). The firm had revenue of $125.78 million for the quarter, compared to the consensus estimate of $125.36 million. China Automotive Systems had a positive return on equity of 3.39% and a negative net margin of 5.52%. On average, analysts expect China Automotive Systems to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
NASDAQ:CAAS traded down $0.01 during trading hours on Friday, reaching $2.64. 5,000 shares of the company were exchanged, compared to its average volume of 22,163. The company has a market capitalization of $81.82 million, a P/E ratio of 4.13 and a beta of 1.65. China Automotive Systems has a 1-year low of $2.50 and a 1-year high of $5.25.
A number of equities research analysts recently issued reports on CAAS shares. ValuEngine raised China Automotive Systems from a “hold” rating to a “buy” rating in a research report on Tuesday, August 28th. Zacks Investment Research downgraded China Automotive Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, August 22nd. Finally, TheStreet downgraded China Automotive Systems from a “c-” rating to a “d+” rating in a research report on Friday, October 19th.
About China Automotive Systems
China Automotive Systems, Inc, through its subsidiaries, manufactures and sells automotive systems and components in the People's Republic of China. The company produces rack and pinion power steering gears for cars and light duty vehicles; integral power steering gears for heavy-duty vehicles; power steering parts for light duty vehicles; sensor modules; automobile steering systems and columns; and automobile electronic systems and parts.
Read More: Stock Selection – What is cash flow?
Receive News & Ratings for China Automotive Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for China Automotive Systems and related companies with MarketBeat.com's FREE daily email newsletter.