Outokumpu (OUTKY) Projected to Post Earnings on Thursday

Outokumpu (OTCMKTS:OUTKY) is expected to be issuing its resultson Thursday, May 14th. Analysts expect the company to announce earnings of ($0.0195) per share and revenue of $1.6698 billion for the quarter.

Outokumpu (OTCMKTS:OUTKY) last announced its earnings results on Thursday, February 12th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.05. Outokumpu had a negative return on equity of 4.00% and a negative net margin of 2.55%.The business had revenue of $1.35 billion for the quarter. On average, analysts expect Outokumpu to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Outokumpu Stock Up 9.4%

Shares of OTCMKTS OUTKY opened at $3.45 on Thursday. Outokumpu has a 1 year low of $1.73 and a 1 year high of $3.45. The firm has a market cap of $3.26 billion, a price-to-earnings ratio of -21.54 and a beta of 0.68. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 1.63. The stock’s 50-day simple moving average is $3.03 and its 200-day simple moving average is $2.70.

Wall Street Analysts Forecast Growth

OUTKY has been the topic of a number of analyst reports. Citigroup reaffirmed a “neutral” rating on shares of Outokumpu in a research report on Friday, April 17th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Outokumpu in a research report on Tuesday, April 14th. Finally, Jefferies Financial Group lowered Outokumpu from a “buy” rating to a “hold” rating in a research report on Friday, January 16th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Outokumpu presently has an average rating of “Hold”.

Outokumpu Company Profile

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.