Outokumpu (OTCMKTS:OUTKY – Get Free Report) issued its quarterly earnings data on Friday. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.03), Zacks reports. The business had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.78 billion. Outokumpu had a negative return on equity of 2.38% and a negative net margin of 1.48%.
Outokumpu Stock Down 16.0%
Shares of OTCMKTS:OUTKY opened at $2.04 on Friday. The company has a market cap of $1.93 billion, a price-to-earnings ratio of -68.11 and a beta of 0.67. The firm’s 50-day simple moving average is $2.87 and its 200-day simple moving average is $3.04. The company has a quick ratio of 0.60, a current ratio of 1.53 and a debt-to-equity ratio of 0.15. Outokumpu has a fifty-two week low of $1.95 and a fifty-two week high of $3.66.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on OUTKY shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Outokumpu in a research note on Friday, September 4th. Citigroup reissued a “neutral” rating on shares of Outokumpu in a report on Tuesday, September 15th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Outokumpu currently has an average rating of “Hold”.
Check Out Our Latest Analysis on Outokumpu
About Outokumpu
Outokumpu Oyj is a Finland-based stainless steel manufacturer serving customers across Europe, the Americas and other international markets. The company produces stainless steel for applications in industries including construction, automotive, transportation, energy, food processing and industrial equipment.
Its product portfolio includes stainless steel coils, sheets, plates, strips and long products, along with specialized grades designed for demanding environments. Outokumpu also produces ferrochrome, an important raw material used in stainless steel manufacturing, and provides related technical, processing and customer support services.
Outokumpu traces its origins to 1910, when copper ore was discovered in Outokumpu, Finland.
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