FY2019 EPS Estimates for AAC TECHNOLOGIE/ADR (AACAY) Lifted by Jefferies Financial Group

AAC TECHNOLOGIE/ADR (OTCMKTS:AACAY) – Investment analysts at Jefferies Financial Group raised their FY2019 earnings per share (EPS) estimates for AAC TECHNOLOGIE/ADR in a research note issued to investors on Monday, May 20th. Jefferies Financial Group analyst R. Wu now forecasts that the company will post earnings of $0.35 per share for the year, up from their previous forecast of $0.31. Jefferies Financial Group currently has a “Buy” rating on the stock. Jefferies Financial Group also issued estimates for AAC TECHNOLOGIE/ADR’s FY2020 earnings at $0.47 EPS.

AAC TECHNOLOGIE/ADR (OTCMKTS:AACAY) last issued its quarterly earnings results on Friday, March 22nd. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.03). The business had revenue of $699.53 million for the quarter, compared to analyst estimates of $897.21 million. AAC TECHNOLOGIE/ADR had a return on equity of 30.58% and a net margin of 20.94%.

Several other equities research analysts have also commented on the stock. Zacks Investment Research raised shares of AAC TECHNOLOGIE/ADR from a “sell” rating to a “hold” rating in a report on Tuesday, March 19th. Goldman Sachs Group raised shares of AAC TECHNOLOGIE/ADR from a “sell” rating to a “neutral” rating in a research note on Monday. HSBC upgraded shares of AAC TECHNOLOGIE/ADR from a “reduce” rating to a “hold” rating in a research report on Monday. Finally, ValuEngine upgraded shares of AAC TECHNOLOGIE/ADR from a “sell” rating to a “hold” rating in a report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold”.

OTCMKTS AACAY opened at $5.57 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.04 and a current ratio of 1.44. AAC TECHNOLOGIE/ADR has a 1 year low of $4.68 and a 1 year high of $16.84. The firm has a market capitalization of $6.82 billion, a P/E ratio of 12.37 and a beta of 0.83.

About AAC TECHNOLOGIE/ADR

AAC Technologies Holdings Inc, an investment holding company, provides miniaturized technology components to the consumer electronics industry worldwide. The company operates through Dynamic Components, electromagnetic drives and precision components, Micro Electro-Mechanical System Components, and Other Products segments.

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