Continental (OTCMKTS:CTTAY) Issues Earnings Results, Misses Estimates By $0.06 EPS

Continental (OTCMKTS:CTTAY) announced its quarterly earnings data on Wednesday. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.06), Zacks reports. Continental had a negative net margin of 0.40% and a negative return on equity of 3.44%.

Continental Stock Up 9.7%

CTTAY traded up $0.71 during trading on Wednesday, reaching $7.97. 35,263 shares of the stock traded hands, compared to its average volume of 42,584. The stock has a market cap of $15.93 billion, a price-to-earnings ratio of 49.78, a price-to-earnings-growth ratio of 3.80 and a beta of 1.36. Continental has a fifty-two week low of $6.21 and a fifty-two week high of $9.19. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.28 and a quick ratio of 0.87. The stock’s 50-day simple moving average is $7.49 and its two-hundred day simple moving average is $7.73.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Citigroup reaffirmed a “buy” rating on shares of Continental in a research report on Tuesday, February 3rd. Berenberg Bank cut Continental from a “buy” rating to a “hold” rating in a research report on Tuesday, January 13th. Finally, Zacks Research raised Continental from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus 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.