Outokumpu (OTCMKTS:OUTKY) Issues Earnings Results, Misses Estimates By $0.02 EPS

Outokumpu (OTCMKTS:OUTKY) announced its quarterly earnings data on Thursday. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.02), Zacks reports. Outokumpu had a negative net margin of 2.32% and a negative return on equity of 3.67%.

Outokumpu Price Performance

Outokumpu stock opened at $3.23 on Friday. The company has a quick ratio of 0.60, a current ratio of 1.56 and a debt-to-equity ratio of 0.15. The firm’s 50-day simple moving average is $3.20 and its 200 day simple moving average is $3.07. Outokumpu has a 52 week low of $1.89 and a 52 week high of $3.66. The firm has a market capitalization of $3.06 billion, a PE ratio of -21.53 and a beta of 0.75.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on OUTKY. Oddo Bhf upgraded Outokumpu to an “outperform” rating in a research report on Tuesday, May 26th. Citigroup restated a “neutral” rating on shares of Outokumpu in a research report on Wednesday, May 20th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Outokumpu in a report on Wednesday, May 13th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold”.

About Outokumpu

Outokumpu Oyj is a Finland-based global producer of stainless steel products and one of Europe’s leading stainless steel manufacturers. Headquartered in Helsinki, the company traces its roots back to mining operations established in 1910 and has, over decades, transformed into a focused stainless steel specialist. Outokumpu’s core business encompasses the production of high-grade stainless steel in flat and long product forms, serving a broad range of industries including automotive, construction, energy, and consumer goods.

The company’s primary product portfolio includes cold-rolled and hot-rolled coils and sheets, plates, strips, bars and wire, as well as tailor-made and value-added solutions such as precision-cut blanks and welded tubes.