Outokumpu (OTCMKTS:OUTKY) Issues Earnings Results

Outokumpu (OTCMKTS:OUTKY) issued its quarterly earnings results on Thursday. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02), Zacks reports. Outokumpu had a negative net margin of 1.48% and a negative return on equity of 2.39%. The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.97 billion.

Outokumpu Stock Performance

OTCMKTS:OUTKY opened at $3.23 on Friday. Outokumpu has a 12 month low of $1.89 and a 12 month high of $3.66. The company has a quick ratio of 0.60, a current ratio of 1.56 and a debt-to-equity ratio of 0.15. The firm has a market cap of $3.06 billion, a price-to-earnings ratio of -32.30 and a beta of 0.75. The company’s 50 day moving average is $3.20 and its 200-day moving average is $3.07.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Citigroup restated a “neutral” rating on shares of Outokumpu in a report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Outokumpu in a research report on Wednesday, May 13th. Finally, Oddo Bhf upgraded shares of Outokumpu to an “outperform” rating in a report on Tuesday, May 26th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Outokumpu Company Profile

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.