Neste OYJ (OTCMKTS:NTOIY) Issues Earnings Results, Beats Expectations By $0.02 EPS

Neste OYJ (OTCMKTS:NTOIY) released its quarterly earnings data on Friday. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates 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%.

Neste OYJ Trading Down 6.4%

OTCMKTS NTOIY traded down $1.22 during mid-day trading on Friday, reaching $17.74. 15,852 shares of the stock were exchanged, compared to its average volume of 56,501. The stock has a market capitalization of $27.26 billion and a PE ratio of 32.85. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.95 and a current ratio of 1.89. Neste OYJ has a 1-year low of $7.78 and a 1-year high of $19.31. The business’s fifty day simple moving average is $16.55 and its 200 day simple moving average is $14.96.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on NTOIY. UBS Group upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 24th. Zacks Research cut Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. Three research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus 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.