Continental (OTCMKTS:CTTAY) Announces Earnings Results

Continental (OTCMKTS:CTTAY) released its earnings results on Tuesday. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.02), Zacks reports. Continental had a negative return on equity of 4.89% and a net margin of 0.19%.The business had revenue of $5.09 billion for the quarter, compared to analysts’ expectations of $5.03 billion.

Continental Stock Down 0.1%

OTCMKTS:CTTAY opened at $8.29 on Wednesday. The company has a market cap of $16.58 billion, a price-to-earnings ratio of -51.81, a price-to-earnings-growth ratio of 0.68 and a beta of 1.39. Continental has a twelve month low of $6.21 and a twelve month high of $9.05. The company has a current ratio of 1.25, a quick ratio of 0.82 and a debt-to-equity ratio of 0.89. The stock has a fifty day simple moving average of $8.24 and a 200-day simple moving average of $7.96.

Analyst Ratings Changes

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

Continental Company Profile

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.