Outokumpu (OTCMKTS:OUTKY) Announces Earnings Results

Outokumpu (OTCMKTS:OUTKY) released its earnings results on Thursday. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.05, Zacks reports. Outokumpu had a negative net margin of 2.55% and a negative return on equity of 3.97%. The business had revenue of $1.35 billion for the quarter.

Outokumpu Price Performance

OUTKY traded down $0.01 on Friday, hitting $2.94. The firm has a market capitalization of $2.78 billion, a PE ratio of -18.34 and a beta of 0.59. The company has a current ratio of 1.76, a quick ratio of 0.61 and a debt-to-equity ratio of 0.15. The business has a 50 day simple moving average of $2.63 and a 200-day simple moving average of $2.31. Outokumpu has a one year low of $1.63 and a one year high of $2.95.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Zacks Research upgraded Outokumpu from a “strong sell” rating to a “hold” rating in a report on Thursday, January 1st. Deutsche Bank Aktiengesellschaft lowered Outokumpu from a “buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Jefferies Financial Group downgraded Outokumpu from a “buy” rating to a “hold” rating in a report on Friday, January 16th. Finally, Citigroup restated a “neutral” rating on shares of Outokumpu in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Outokumpu has an average rating of “Hold”.

About Outokumpu

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.