Aperam (OTCMKTS:APEMY) Announces Quarterly Earnings Results

Aperam (OTCMKTS:APEMY) announced its quarterly earnings data on Friday. The company reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.34), Zacks reports. Aperam had a return on equity of 1.72% and a net margin of 3.11%.The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.69 billion.

Aperam Stock Performance

OTCMKTS APEMY opened at $37.90 on Friday. The company has a market cap of $2.77 billion, a P/E ratio of -315.81 and a beta of 1.39. The company has a fifty day simple moving average of $34.49 and a 200 day simple moving average of $32.12. Aperam has a 12-month low of $25.89 and a 12-month high of $37.90. The company has a current ratio of 1.40, a quick ratio of 0.47 and a debt-to-equity ratio of 0.19.

Aperam Dividend Announcement

The company also recently disclosed a dividend, which was paid on Thursday, September 11th. Stockholders of record on Monday, August 18th were issued a dividend of $0.444 per share. The ex-dividend date was Friday, August 15th. This represents a dividend yield of 571.0%. Aperam’s payout ratio is currently 68.17%.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Aperam from a “strong sell” rating to a “hold” rating in a research note on Monday, September 8th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Aperam has a consensus rating of “Hold”.

Aperam Company Profile

Aperam SA, together with its subsidiaries, produces and sells stainless and specialty steel products worldwide. It operates through four segments: Stainless & Electrical Steel; Services & Solutions; Alloys & Specialties; and Recycling & Renewables. The company offers a range of stainless steel products, including grain oriented and non-grain oriented electrical steel products, and specialty alloys.