Neste OYJ (NTOIY) to Release Quarterly Earnings on Thursday

Neste OYJ (OTCMKTS:NTOIYGet Free Report) is anticipated to issue its resultson Thursday, July 23rd. Analysts expect Neste OYJ to post earnings of $0.56 per share and revenue of $7.1665 billion for the quarter.

Neste OYJ (OTCMKTS:NTOIYGet Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.10. Neste OYJ had a return on equity of 10.12% and a net margin of 3.78%.The company had revenue of $6.04 billion for the quarter, compared to the consensus estimate of $5.84 billion. On average, analysts expect Neste OYJ to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Neste OYJ Stock Up 2.5%

Shares of Neste OYJ stock opened at $18.98 on Tuesday. The stock’s 50-day moving average is $16.42 and its 200 day moving average is $14.80. Neste OYJ has a one year low of $7.50 and a one year high of $19.05. The firm has a market cap of $29.16 billion and a price-to-earnings ratio of 35.15. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.89 and a quick ratio of 0.95.

Wall Street Analyst Weigh In

NTOIY has been the topic of a number of research analyst reports. Zacks Research cut Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. UBS Group upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th. Three research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy”.

Check Out Our Latest Stock Report on NTOIY

About Neste OYJ

(Get Free Report)

Neste OYJ is a Finland-based energy company with a strong focus on renewable and circular solutions. Headquartered in Espoo, the company operates one of the world’s largest renewable diesel production networks and offers a wide range of low-carbon fuels, sustainable aviation fuel (SAF) and renewable feedstocks derived from waste and residues. In addition to renewable products, Neste maintains traditional oil refining and marketing operations in selected markets.

The company’s Renewable Products segment processes raw materials such as used cooking oil, animal fat and industrial residues into high-performance renewable diesel and aviation fuel.

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