Acerinox (OTCMKTS:ANIOY) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Acerinox (OTCMKTS:ANIOY) announced its quarterly earnings data on Friday. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.02, Zacks reports. Acerinox had a return on equity of 2.59% and a net margin of 0.95%. The business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.87 billion.

Acerinox Stock Performance

Shares of OTCMKTS ANIOY opened at $9.43 on Friday. The company has a quick ratio of 0.79, a current ratio of 1.65 and a debt-to-equity ratio of 0.60. Acerinox has a 12 month low of $6.22 and a 12 month high of $10.74. The company has a market cap of $4.70 billion, a price-to-earnings ratio of 72.50 and a beta of 1.08. The business has a fifty day simple moving average of $9.80 and a 200-day simple moving average of $8.79.

Analysts Set New Price Targets

A number of research firms recently issued reports on ANIOY. Citigroup reaffirmed a “buy” rating on shares of Acerinox in a report on Tuesday, September 15th. BNP Paribas Exane cut shares of Acerinox from a “neutral” rating to an “underperform” rating in a research note on Wednesday, July 8th. Jefferies Financial Group raised shares of Acerinox to a “strong-buy” rating in a research note on Monday, July 13th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Acerinox in a report on Friday, September 4th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Acerinox has an average rating of “Moderate Buy”.

About Acerinox

Acerinox, SA is a Spain-based metals producer specializing in stainless steel and high-performance alloys. Its product portfolio includes stainless steel flat and long products, such as sheet, coil, plate, bar, wire and other fabricated forms, serving applications in construction, industrial equipment, transportation, energy, food processing and consumer products.

Founded in 1970, Acerinox has developed into an international manufacturing and distribution group. Its operations include production facilities in Spain, the United States and South Africa, including North American Stainless in Kentucky and Columbus Stainless in South Africa.