China Automotive Systems (NASDAQ:CAAS) Releases Earnings Results, Beats Estimates By $0.14 EPS

China Automotive Systems (NASDAQ:CAAS) released its earnings results on Friday. The auto parts company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.14, Zacks reports. The company had revenue of $188.70 million during the quarter, compared to analyst estimates of $147.52 million. China Automotive Systems had a return on equity of 8.22% and a net margin of 5.12%. China Automotive Systems updated its FY 2025 guidance to EPS.

China Automotive Systems Stock Performance

NASDAQ CAAS opened at $4.78 on Friday. The company has a market capitalization of $144.29 million, a PE ratio of 4.55 and a beta of 2.27. China Automotive Systems has a 52-week low of $3.34 and a 52-week high of $5.37. The company has a 50-day simple moving average of $4.37 and a 200 day simple moving average of $4.27.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on China Automotive Systems in a research note on Wednesday. They issued a “buy” rating for the company.

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.