Aperam (OTCMKTS:APEMY) Releases Earnings Results, Beats Expectations By $0.37 EPS

Aperam (OTCMKTS:APEMY) posted its quarterly earnings data on Thursday. The company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.37, Zacks reports. Aperam had a return on equity of 0.94% and a net margin of 0.49%.

Aperam Stock Performance

APEMY remained flat at $54.06 during trading on Thursday. The company’s stock had a trading volume of 12 shares, compared to its average volume of 98. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 3.15. The stock has a 50-day moving average price of $55.43 and a 200 day moving average price of $49.45. The firm has a market capitalization of $3.96 billion, a price-to-earnings ratio of 117.52 and a beta of 1.36. Aperam has a one year low of $29.17 and a one year high of $61.65.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on APEMY. Citigroup reiterated a “neutral” rating on shares of Aperam in a research note on Wednesday, May 20th. BNP Paribas Exane cut shares of Aperam from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 8th. Zacks Research upgraded shares of Aperam from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. Jefferies Financial Group raised shares of Aperam from a “hold” rating to a “buy” rating in a research note on Wednesday, April 15th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Aperam in a research report on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

About Aperam

Aperam is a global stainless, electrical and specialty steel producer with headquarters in Luxembourg. The company designs, manufactures and distributes a wide range of stainless and electrical steel products that serve markets such as automotive, household appliances, construction, energy and mechanical industries. Aperam operates an integrated value chain that spans mining, steelmaking, finishing and distribution, enabling it to control quality and deliver tailored solutions to its customers.

The company was established in 2011 following a carve-out from ArcelorMittal and has since developed a distinct identity focused on sustainable stainless steel production.