Continental (OTCMKTS:CTTAY) Posts Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Continental (OTCMKTS:CTTAY) issued its earnings results on Tuesday. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.02), Zacks reports. The company had revenue of $5.09 billion during the quarter, compared to analyst estimates of $5.03 billion. Continental had a negative return on equity of 10.93% and a negative net margin of 1.36%.

Continental Stock Down 1.6%

Shares of Continental stock traded down $0.13 on Thursday, hitting $7.78. 14,897 shares of the company traded hands, compared to its average volume of 69,986. The company has a quick ratio of 0.82, a current ratio of 1.25 and a debt-to-equity ratio of 0.89. Continental has a 12-month low of $6.21 and a 12-month high of $9.05. The company has a 50-day moving average price of $8.23 and a 200 day moving average price of $7.96. The company has a market cap of $15.56 billion, a PE ratio of -48.62, a PEG ratio of 0.68 and a beta of 1.39.

Analysts Set New Price Targets

A number of brokerages have recently commented on CTTAY. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Continental in a report on Thursday, July 2nd. Kepler Capital Markets cut Continental from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Finally, Citigroup restated a “buy” rating on shares of Continental in a report on Friday, June 12th. Three research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold”.

Continental Company Profile

Continental AG, trading on the OTC market under the ticker CTTAY, is a global technology company renowned for its wide range of automotive and industrial products. The company’s core businesses include the design, development, and manufacturing of tires for passenger cars, commercial trucks, and specialty applications, as well as advanced automotive systems such as braking solutions, vehicle stability controls, sensors and electronic safety devices.

Founded in 1871 and headquartered in Hanover, Germany, Continental began as a rubber manufacturer before pioneering pneumatic tires in the late 19th century.