Outokumpu (OTCMKTS:OUTKY) Releases Earnings Results, Misses Expectations By $0.02 EPS

Outokumpu (OTCMKTS:OUTKY) announced its quarterly earnings results on Thursday. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02), Zacks reports. Outokumpu had a negative net margin of 2.32% and a negative return on equity of 3.67%.

Outokumpu Price Performance

Shares of Outokumpu stock remained flat at $3.23 during trading hours on Thursday. The company’s stock had a trading volume of 2,000 shares, compared to its average volume of 155. The company has a market capitalization of $3.06 billion, a P/E ratio of -21.53 and a beta of 0.75. The company has a quick ratio of 0.60, a current ratio of 1.56 and a debt-to-equity ratio of 0.15. The stock has a 50 day simple moving average of $3.20 and a 200 day simple moving average of $3.06. Outokumpu has a 12 month low of $1.89 and a 12 month high of $3.66.

Analysts Set New Price Targets

A number of brokerages recently issued reports on OUTKY. Oddo Bhf upgraded shares of Outokumpu to an “outperform” rating in a report on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Outokumpu in a research note on Wednesday, May 13th. Finally, Citigroup reissued a “neutral” rating on shares of Outokumpu in a research report on Wednesday, May 20th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold”.

About Outokumpu

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.