Acerinox (OTCMKTS:ANIOY) Posts Earnings Results, Misses Estimates By $0.01 EPS

Acerinox (OTCMKTS:ANIOY – Get Free Report) posted its earnings results on Friday. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01), Zacks reports. Acerinox had a return on equity of 2.59% and a net margin of 0.95%.

Acerinox Price Performance

Shares of ANIOY remained flat at $9.43 during midday trading on Friday. The stock had a trading volume of 748 shares, compared to its average volume of 13,116. Acerinox has a 12 month low of $6.22 and a 12 month high of $10.74. The company has a current ratio of 1.65, a quick ratio of 0.79 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $4.70 billion, a P/E ratio of 72.50 and a beta of 1.08. The firm has a fifty day moving average of $9.81 and a 200 day moving average of $8.78.

Wall Street Analyst Weigh In

ANIOY has been the topic of several research reports. Jefferies Financial Group upgraded shares of Acerinox to a “strong-buy” rating in a report on Monday, July 13th. BNP Paribas Exane downgraded shares of Acerinox from a “neutral” rating to an “underperform” rating in a report on Wednesday, July 8th. Citigroup reiterated a “buy” rating on shares of Acerinox in a research note on Tuesday, September 15th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Acerinox in a report on Friday, September 4th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

Get Our Latest Analysis on Acerinox

Acerinox Company Profile

(Get Free Report)

Acerinox, SA is a Spain-based metals producer specializing in stainless steel and high-performance alloys. Its product portfolio includes stainless steel flat and long products, such as sheet, coil, plate, bar, wire and other fabricated forms, serving applications in construction, industrial equipment, transportation, energy, food processing and consumer products.

Founded in 1970, Acerinox has developed into an international manufacturing and distribution group. Its operations include production facilities in Spain, the United States and South Africa, including North American Stainless in Kentucky and Columbus Stainless in South Africa.

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Earnings History for Acerinox (OTCMKTS:ANIOY)

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