Acerinox (OTCMKTS:ANIOY) Posts Earnings Results, Beats Estimates By $0.04 EPS

Acerinox (OTCMKTS:ANIOY) issued its quarterly earnings results on Friday. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.13 by $0.04, Zacks reports. The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.76 billion. Acerinox had a negative net margin of 0.79% and a negative return on equity of 2.11%.

Acerinox Trading Up 9.3%

OTCMKTS:ANIOY opened at $10.24 on Friday. The stock has a market cap of $5.11 billion, a price-to-earnings ratio of 78.77 and a beta of 1.13. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.91 and a current ratio of 1.89. The business’s 50-day simple moving average is $9.19 and its 200 day simple moving average is $8.14. Acerinox has a one year low of $5.87 and a one year high of $10.24.

Analyst Ratings Changes

Several analysts have commented on ANIOY shares. Citigroup restated a “buy” rating on shares of Acerinox in a research note on Monday, July 13th. BNP Paribas Exane cut shares of Acerinox from a “neutral” rating to an “underperform” rating in a research report on Wednesday, July 8th. Zacks Research raised Acerinox from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Morgan Stanley reaffirmed an “overweight” rating on shares of Acerinox in a report on Monday, June 15th. Finally, Jefferies Financial Group raised shares of Acerinox to a “strong-buy” rating in a research report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Acerinox has a consensus rating of “Moderate Buy”.

About Acerinox

Acerinox is a Madrid-based global producer of stainless steel products with an integrated value chain that spans melting, hot rolling, cold rolling, annealing and finishing processes. Founded in 1970, the company operates multiple stainless steel mills and recycling facilities in Europe, North America and Asia, enabling a fully vertically integrated manufacturing model. This structure supports consistent product quality, cost efficiency and a commitment to sustainable production practices.

The company’s core product portfolio comprises flat and long stainless steel formats, including coils, sheets, plates and bars.