Outokumpu Oyj (OUTKY) Expected to Announce Earnings on Tuesday

Outokumpu Oyj (OTCMKTS:OUTKY) is anticipated to issue its quarterly earnings data on Tuesday, May 6th. Analysts expect the company to announce earnings of ($0.01) per share and revenue of $1.53 billion for the quarter.

Outokumpu Oyj (OTCMKTS:OUTKY) last issued its quarterly earnings results on Thursday, February 13th. The company reported ($0.04) earnings per share for the quarter. Outokumpu Oyj had a negative net margin of 0.66% and a negative return on equity of 1.06%. The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.37 billion. On average, analysts expect Outokumpu Oyj to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Outokumpu Oyj Price Performance

OTCMKTS:OUTKY opened at $1.70 on Tuesday. The stock has a 50 day moving average of $1.82 and a two-hundred day moving average of $1.68. Outokumpu Oyj has a 12 month low of $1.37 and a 12 month high of $2.05. The company has a current ratio of 1.54, a quick ratio of 0.53 and a debt-to-equity ratio of 0.07. The firm has a market cap of $1.55 billion, a P/E ratio of -34.00 and a beta of 0.64.

Outokumpu Oyj Cuts Dividend

The business also recently declared a dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Monday, April 7th will be given a $0.071 dividend. The ex-dividend date of this dividend is Monday, April 7th. Outokumpu Oyj’s dividend payout ratio (DPR) is presently -80.00%.

Analysts Set New Price Targets

Separately, BNP Paribas downgraded Outokumpu Oyj from a “hold” rating to a “strong sell” rating in a research note on Friday, January 3rd.

About Outokumpu Oyj

Outokumpu Oyj produces and sells various stainless steel products in Finland, other European countries, North America, the Asia-Pacific, and internationally. The company operates through three segments: Europe, Americas, and Ferrochrome. It offers cold rolled coils, strips, and sheets; hot rolled coils, strips, and plates; quarto plates; precision strips; and specialized components, such as welded stainless-steel I-beams, H-beams, hollow-section tubes, bent profiles, structural sections, hardened and customized press plates, suction roll shells, and blancs and disks.