China Automotive Systems (CAAS) to Release Quarterly Earnings on Thursday

China Automotive Systems (NASDAQ:CAAS) is set to issue its quarterly earnings data before the market opens on Thursday, August 8th. Analysts expect the company to announce earnings of $0.01 per share for the quarter. China Automotive Systems has set its FY 2019 guidance at EPS.

China Automotive Systems (NASDAQ:CAAS) last posted its quarterly earnings results on Thursday, May 9th. The auto parts company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. The company had revenue of $109.19 million for the quarter, compared to analysts’ expectations of $126.56 million. China Automotive Systems had a negative net margin of 0.11% and a negative return on equity of 0.17%. During the same quarter in the previous year, the firm posted $0.14 EPS. On average, analysts expect China Automotive Systems to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

NASDAQ:CAAS opened at $2.13 on Tuesday. The company has a market cap of $70.49 million, a PE ratio of 26.63 and a beta of 1.54. The business has a 50 day moving average of $2.27. China Automotive Systems has a 12 month low of $2.00 and a 12 month high of $5.00.

A number of equities research analysts recently commented on CAAS shares. Zacks Investment Research raised shares of China Automotive Systems from a “hold” rating to a “buy” rating and set a $2.75 price target on the stock in a report on Wednesday, July 10th. ValuEngine raised shares of China Automotive Systems from a “hold” rating to a “buy” rating in a report on Thursday, August 1st.

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.

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Earnings History for China Automotive Systems (NASDAQ:CAAS)

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