ThyssenKrupp (TKAMY) to Release Earnings on Wednesday

ThyssenKrupp (OTCMKTS:TKAMY) is projected to post its results before the market opens on Wednesday, May 13th. Analysts expect ThyssenKrupp to post earnings of $0.1465 per share and revenue of $9.5164 billion for the quarter.

ThyssenKrupp (OTCMKTS:TKAMY) last issued its quarterly earnings results on Thursday, February 12th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.27). ThyssenKrupp had a return on equity of 9.08% and a net margin of 1.83%.The business had revenue of $8.52 billion during the quarter, compared to the consensus estimate of $9.42 billion. On average, analysts expect ThyssenKrupp to post $0 EPS for the current fiscal year and $2 EPS for the next fiscal year.

ThyssenKrupp Stock Up 6.0%

Shares of TKAMY stock opened at $12.22 on Wednesday. ThyssenKrupp has a 12 month low of $8.16 and a 12 month high of $17.02. The company has a quick ratio of 1.01, a current ratio of 1.72 and a debt-to-equity ratio of 0.05. The firm has a market cap of $7.60 billion, a PE ratio of 11.31 and a beta of 1.35. The stock has a 50 day moving average of $10.25 and a 200-day moving average of $11.71.

Analyst Upgrades and Downgrades

TKAMY has been the subject of several research analyst reports. Zacks Research cut shares of ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Barclays restated an “underweight” rating on shares of ThyssenKrupp in a research report on Monday, February 23rd. Deutsche Bank Aktiengesellschaft raised shares of ThyssenKrupp from a “buy” rating to a “buy” rating in a research report on Thursday, April 30th. Jefferies Financial Group upgraded shares of ThyssenKrupp from a “hold” rating to a “buy” rating in a research note on Friday, February 20th. Finally, Morgan Stanley reissued an “underweight” rating on shares of ThyssenKrupp in a research report on Tuesday, January 6th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, ThyssenKrupp currently has an average rating of “Hold”.

About ThyssenKrupp

ThyssenKrupp AG (OTCMKTS: TKAMY) is a diversified German industrial conglomerate headquartered in Essen and Düsseldorf. Formed in 1999 through the merger of Thyssen AG and Friedrich Krupp GmbH, the company operates across multiple segments, including steel production, materials distribution, industrial engineering, elevator technology and automotive components.

In its Materials Services division, ThyssenKrupp supplies processed and semi-finished steel products and high-performance materials to industries such as automotive, construction and machinery manufacturing.