Voestalpine (OTCMKTS:VLPNY – Get Free Report) released its earnings results on Wednesday. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.02, Zacks reports. Voestalpine had a return on equity of 6.04% and a net margin of 2.97%.The company had revenue of $4.59 billion for the quarter, compared to analysts’ expectations of $4.19 billion.
Voestalpine Stock Performance
OTCMKTS VLPNY opened at $10.52 on Friday. Voestalpine has a 1-year low of $4.90 and a 1-year high of $11.78. The business’s 50-day simple moving average is $10.04 and its 200-day simple moving average is $9.58. The firm has a market capitalization of $9.01 billion, a P/E ratio of 17.24 and a beta of 1.43. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.33 and a quick ratio of 0.45.
Analyst Ratings Changes
Several equities research analysts have recently commented on the company. Barclays reissued an “overweight” rating on shares of Voestalpine in a research note on Monday, February 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Voestalpine in a report on Thursday. Citigroup reiterated a “neutral” rating on shares of Voestalpine in a research report on Friday, April 17th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Voestalpine in a report on Tuesday, February 24th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.
About Voestalpine
Voestalpine AG is a leading steel-based technology and capital goods group headquartered in Linz, Austria. The company specializes in the production of high-quality steel and sophisticated components for a range of industries, including automotive, railway systems, aerospace, energy, and construction. It operates across all major processing steps in steel production, from raw?material processing and steelmaking to downstream activities such as coating, processing, and assembly.
Voestalpine’s portfolio is organized into several business divisions.
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