Outokumpu (OTCMKTS:OUTKY) Issues Earnings Results

Outokumpu (OTCMKTS:OUTKY) released its quarterly earnings data on Thursday. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.05, Zacks reports. Outokumpu had a negative return on equity of 2.90% and a negative net margin of 1.83%.

Outokumpu Stock Performance

OUTKY remained flat at $2.95 during trading on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.61 and a current ratio of 1.76. The company has a market cap of $2.79 billion, a price-to-earnings ratio of -24.58 and a beta of 0.59. The company has a fifty day moving average of $2.60 and a 200-day moving average of $2.30. Outokumpu has a twelve month low of $1.60 and a twelve month high of $2.95.

Analyst Ratings Changes

A number of research firms have weighed in on OUTKY. Jefferies Financial Group lowered shares of Outokumpu from a “buy” rating to a “hold” rating in a report on Friday, January 16th. Deutsche Bank Aktiengesellschaft cut shares of Outokumpu from a “buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Zacks Research raised Outokumpu from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 1st. Finally, Citigroup reiterated a “neutral” rating on shares of Outokumpu in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Outokumpu currently 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.