Outokumpu (OTCMKTS:OUTKY – Get Free Report) is projected to issue its results before the market opens on Wednesday, November 4th. Analysts expect the company to post earnings of $0.0577 per share and revenue of $1.78 billion for the quarter.
Outokumpu (OTCMKTS:OUTKY – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.02). The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.97 billion. On average, analysts expect Outokumpu to post $0.10 EPS for the current fiscal year and $0.26 EPS for the next fiscal year.
Outokumpu Stock Performance
Shares of OUTKY opened at $2.46 on Wednesday. The business has a fifty day moving average of $2.98 and a 200 day moving average of $3.05. Outokumpu has a 52-week low of $1.90 and a 52-week high of $3.66.
Analysts Set New Price Targets
OUTKY has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Outokumpu in a research report on Friday, September 4th. Citigroup restated a “neutral” rating on shares of Outokumpu in a report on Tuesday, September 15th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Outokumpu has an average rating of “Hold”.
View Our Latest Report on OUTKY
Outokumpu Company Profile
Outokumpu Oyj is a Finland-based stainless steel manufacturer serving customers across Europe, the Americas and other international markets. The company produces stainless steel for applications in industries including construction, automotive, transportation, energy, food processing and industrial equipment.
Its product portfolio includes stainless steel coils, sheets, plates, strips and long products, along with specialized grades designed for demanding environments. Outokumpu also produces ferrochrome, an important raw material used in stainless steel manufacturing, and provides related technical, processing and customer support services.
Outokumpu traces its origins to 1910, when copper ore was discovered in Outokumpu, Finland.
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