Outokumpu (OUTKY) Projected to Announce Earnings on Wednesday

Outokumpu (OTCMKTS:OUTKY) is anticipated to release its results before the market opens on Wednesday, November 4th. Analysts expect the company to post earnings of $0.0577 per share and revenue of $1.78 billion for the quarter.

Outokumpu (OTCMKTS:OUTKY) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.02). Outokumpu had a negative return on equity of 2.38% and a negative net margin of 1.48%. The business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.97 billion. On average, analysts expect Outokumpu to post $0.10 EPS for the current fiscal year and $0.26 EPS for the next fiscal year.

Outokumpu Price Performance

OTCMKTS OUTKY opened at $2.45 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.53 and a quick ratio of 0.60. The company’s 50 day simple moving average is $2.94 and its 200 day simple moving average is $3.05. Outokumpu has a 12 month low of $1.90 and a 12 month high of $3.66. The company has a market capitalization of $2.32 billion, a P/E ratio of -24.50 and a beta of 0.65.

Analysts Set New Price Targets

A number of brokerages recently weighed in on OUTKY. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Outokumpu in a report on Friday, September 4th. Citigroup reaffirmed a “neutral” rating on shares of Outokumpu in a report on Tuesday, September 15th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Outokumpu Company Profile

Outokumpu Oyj is a Finland-based stainless steel manufacturer serving customers across Europe, the Americas and other international markets. The company produces stainless steel for applications in industries including construction, automotive, transportation, energy, food processing and industrial equipment.

Its product portfolio includes stainless steel coils, sheets, plates, strips and long products, along with specialized grades designed for demanding environments. Outokumpu also produces ferrochrome, an important raw material used in stainless steel manufacturing, and provides related technical, processing and customer support services.

Outokumpu traces its origins to 1910, when copper ore was discovered in Outokumpu, Finland.