Voestalpine (OTCMKTS:VLPNY) Issues Earnings Results, Beats Estimates By $0.01 EPS

Voestalpine (OTCMKTS:VLPNY) announced its quarterly earnings results on Wednesday. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.12 by $0.01, Zacks reports. Voestalpine had a net margin of 1.02% and a return on equity of 2.15%.

Voestalpine Stock Performance

Voestalpine stock traded up $0.76 during midday trading on Wednesday, hitting $7.72. 3,854 shares of the company’s stock were exchanged, compared to its average volume of 1,108. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.53 and a current ratio of 1.35. The stock has a market cap of $6.61 billion, a price-to-earnings ratio of 38.58 and a beta of 1.39. Voestalpine has a 12-month low of $3.34 and a 12-month high of $7.89. The firm’s 50 day simple moving average is $6.91 and its 200 day simple moving average is $6.00.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Voestalpine in a report on Wednesday, August 27th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

About Voestalpine

Voestalpine AG processes, develops, manufactures, and sells steel products in Austria, European Union, and internationally. The company operates through five segments: Steel, High Performance Metals, Metal Engineering, Metal Forming, and Other. The Steel division produces hot and cold-rolled steel strips, as well as electrogalvanized, hot-dip galvanized, and organically coated steel strips; and heavy plates for the energy sector, as well as turbine casings for automotive, white goods/consumer goods, building/construction, energy, mechanical engineering, and others.