Continental (CTTAY) to Release Earnings on Tuesday

Continental (OTCMKTS:CTTAY – Get Free Report) is anticipated to announce its resultson Tuesday, August 4th. Analysts expect the company to announce earnings of $0.1658 per share and revenue of $5.0934 billion for the quarter.

Continental (OTCMKTS:CTTAY – Get Free Report) last released its earnings results on Wednesday, May 6th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.06). Continental had a negative return on equity of 4.89% and a net margin of 0.19%.The company had revenue of $5.14 billion during the quarter, compared to analyst estimates of $5.07 billion. On average, analysts expect Continental to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

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Continental Trading Up 2.5%

Continental stock traded up $0.20 during trading on Tuesday, reaching $8.16. The company had a trading volume of 26,965 shares, compared to its average volume of 72,362. Continental has a 12-month low of $6.21 and a 12-month high of $9.05. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.82 and a current ratio of 1.25. The stock’s 50 day moving average price is $8.20 and its two-hundred day moving average price is $7.95. The firm has a market capitalization of $16.32 billion, a price-to-earnings ratio of -51.00, a PEG ratio of 0.65 and a beta of 1.38.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Kepler Capital Markets cut shares of Continental from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Citigroup reaffirmed a “buy” rating on shares of Continental in a research report on Friday, June 12th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Continental in a report on Thursday, July 2nd. Three research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold”.

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Continental Company Profile

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Continental AG, trading on the OTC market under the ticker CTTAY, is a global technology company renowned for its wide range of automotive and industrial products. The company’s core businesses include the design, development, and manufacturing of tires for passenger cars, commercial trucks, and specialty applications, as well as advanced automotive systems such as braking solutions, vehicle stability controls, sensors and electronic safety devices.

Founded in 1871 and headquartered in Hanover, Germany, Continental began as a rubber manufacturer before pioneering pneumatic tires in the late 19th century.

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