Voestalpine (OTCMKTS:VLPNY – Get Free Report) issued its quarterly earnings results on Wednesday. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01), Zacks reports. The company had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.38 billion. Voestalpine had a return on equity of 6.74% and a net margin of 3.39%.
Voestalpine Stock Performance
Shares of OTCMKTS VLPNY traded down $0.21 during mid-day trading on Friday, hitting $10.45. The company had a trading volume of 635 shares, compared to its average volume of 5,576. Voestalpine has a 12 month low of $5.95 and a 12 month high of $11.78. The stock has a market cap of $8.96 billion, a price-to-earnings ratio of 14.93 and a beta of 1.44. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.35 and a quick ratio of 0.55. The firm’s 50 day simple moving average is $10.11 and its two-hundred day simple moving average is $10.02.
Analyst Upgrades and Downgrades
VLPNY has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Voestalpine in a report on Thursday, June 4th. Citigroup reaffirmed a “neutral” rating on shares of Voestalpine in a report on Thursday, June 11th. Zacks Research upgraded shares of Voestalpine from a “hold” rating to a “strong-buy” rating in a research note on Monday. Finally, UBS Group cut shares of Voestalpine from a “buy” rating to a “neutral” rating in a report on Monday, June 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Voestalpine currently has an average rating of “Moderate Buy”.
Voestalpine Company Profile
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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