Continental (OTCMKTS:CTTAY) Announces Quarterly Earnings Results

Continental (OTCMKTS:CTTAY) posted its earnings results on Thursday. The company reported ($0.55) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.17), Zacks reports. Continental had a return on equity of 13.20% and a net margin of 4.54%.The business had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $4.93 billion.

Continental Trading Down 0.4%

CTTAY traded down $0.03 on Friday, hitting $7.72. The company had a trading volume of 22,977 shares, compared to its average volume of 135,740. The business’s fifty day simple moving average is $7.57 and its 200 day simple moving average is $8.23. The company has a quick ratio of 1.03, a current ratio of 1.18 and a debt-to-equity ratio of 1.14. Continental has a 12-month low of $5.96 and a 12-month high of $9.19. The company has a market cap of $15.44 billion, a PE ratio of 8.87, a PEG ratio of 1.34 and a beta of 1.44.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CTTAY shares. Barclays reiterated an “overweight” rating on shares of Continental in a research note on Monday, September 8th. Oddo Bhf raised Continental to a “neutral” rating in a report on Monday, September 1st. Finally, Deutsche Bank Aktiengesellschaft upgraded Continental from a “hold” rating to a “buy” rating in a report on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

About Continental

Continental Aktiengesellschaft, a technology company, offers intelligent solutions for vehicles, machines, traffic, and transportation worldwide. It operates through four sectors: Automotive, Tires, ContiTech, and Contract Manufacturing. The company offers safety, brake, chassis, motion, and motion control systems; solutions for assisted and automated driving; display and operating technologies; and audio and camera solutions for the vehicle interior, as well as intelligent information and communication technology solutions.