China Automotive Systems (CAAS) Scheduled to Post Quarterly Earnings on Wednesday

China Automotive Systems (NASDAQ:CAAS) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, November 13th. China Automotive Systems has set its FY 2024 guidance at EPS.Parties interested in registering for the company’s conference call can do so using this link.

China Automotive Systems (NASDAQ:CAAS) last issued its quarterly earnings data on Tuesday, August 13th. The auto parts company reported $0.24 earnings per share for the quarter. The business had revenue of $158.61 million during the quarter. China Automotive Systems had a return on equity of 9.50% and a net margin of 6.02%.

China Automotive Systems Stock Performance

Shares of CAAS stock opened at $4.68 on Monday. China Automotive Systems has a fifty-two week low of $3.04 and a fifty-two week high of $4.97. The company has a 50 day moving average price of $4.11 and a 200 day moving average price of $3.87. The stock has a market capitalization of $141.27 million, a P/E ratio of 3.97 and a beta of 2.45.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut China Automotive Systems from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 14th.

China Automotive Systems Company Profile

China Automotive Systems, Inc, through its subsidiaries, manufactures and sells automotive systems and components in the People's Republic of China, the United States, and internationally. It 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 electronics and systems and parts.