Voestalpine (OTCMKTS:VLPNY – Get Free Report) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Wednesday, Zacks reports.
A number of other equities analysts also recently weighed in on VLPNY. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Voestalpine in a research report on Friday, September 4th. UBS Group downgraded shares of Voestalpine from a “buy” rating to a “neutral” rating in a research note on Monday, June 8th. Finally, Citigroup restated a “neutral” rating on shares of Voestalpine in a report on Thursday, June 11th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.
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Voestalpine Stock Performance
Voestalpine (OTCMKTS:VLPNY – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). The company had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.38 billion. Voestalpine had a return on equity of 6.66% and a net margin of 3.39%. On average, analysts expect that Voestalpine will post 0.83 earnings per share for the current fiscal year.
Voestalpine Company Profile
voestalpine AG is an Austria-based technology and capital goods group headquartered in Linz. The company develops, produces and processes steel and other metal products for industrial customers worldwide, with a focus on specialized materials, advanced manufacturing and value-added components rather than commodity steel alone.
Its activities are organized across four main divisions: Steel, High Performance Metals, Metal Engineering and Metal Forming. Products and services include high-quality flat steel, tool and special steels, rail and railway infrastructure systems, welding consumables, automotive components, precision-formed parts, and solutions for the energy, aerospace, mechanical engineering and other industrial sectors.
voestalpine traces its origins to Austria’s postwar steel industry and adopted its current name in the 1970s.
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