Neste OYJ (OTCMKTS:NTOIY – Get Free Report) posted its quarterly earnings results on Friday. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.02, Zacks reports. Neste OYJ had a net margin of 3.78% and a return on equity of 10.12%. The company had revenue of $6.81 billion for the quarter, compared to analyst estimates of $7.19 billion.
Neste OYJ Stock Down 6.9%
NTOIY stock opened at $17.65 on Friday. The company’s 50 day moving average is $16.57 and its 200 day moving average is $14.98. The stock has a market cap of $27.12 billion and a price-to-earnings ratio of 15.35. The company has a current ratio of 1.89, a quick ratio of 0.95 and a debt-to-equity ratio of 0.64. Neste OYJ has a 1-year low of $7.78 and a 1-year high of $19.31.
Analysts Set New Price Targets
Several equities research analysts have issued reports on the company. Zacks Research downgraded Neste OYJ from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th. UBS Group upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 24th. Three investment 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 company. According to data from MarketBeat.com, the company presently has an average rating of “Buy”.
About Neste OYJ
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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