Continental (OTCMKTS:CTTAY) Posts Earnings Results, Misses Estimates By $0.06 EPS

Continental (OTCMKTS:CTTAY) announced its earnings results on Wednesday. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.06), Zacks reports. Continental had a negative return on equity of 3.44% and a negative net margin of 0.40%.

Continental Trading Up 9.7%

CTTAY stock traded up $0.71 during mid-day trading on Wednesday, reaching $7.97. 35,263 shares of the stock traded hands, compared to its average volume of 77,667. The company has a current ratio of 1.28, a quick ratio of 0.87 and a debt-to-equity ratio of 1.14. Continental has a 52-week low of $6.21 and a 52-week high of $9.19. The company has a market cap of $15.93 billion, a P/E ratio of 49.78, a P/E/G ratio of 3.90 and a beta of 1.36. The stock’s fifty day moving average is $7.49 and its 200-day moving average is $7.73.

Analysts Set New Price Targets

Several brokerages recently commented on CTTAY. Citigroup reissued a “buy” rating on shares of Continental in a report on Tuesday, February 3rd. Zacks Research raised Continental from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Finally, Berenberg Bank cut Continental from a “buy” rating to a “hold” rating in a research note on Tuesday, January 13th. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Continental currently has a consensus rating of “Hold”.

About Continental

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.