Continental (OTCMKTS:CTTAY) Releases Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Continental (OTCMKTS:CTTAY) released its quarterly earnings data on Wednesday. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.03, Zacks reports. Continental had a negative net margin of 1.36% and a negative return on equity of 10.86%.

Continental Stock Up 7.0%

CTTAY traded up $0.52 during midday trading on Wednesday, reaching $7.98. 19,794 shares of the company were exchanged, compared to its average volume of 62,291. The company has a market cap of $15.96 billion, a price-to-earnings ratio of -26.60, a price-to-earnings-growth ratio of 1.04 and a beta of 1.36. Continental has a one year low of $6.61 and a one year high of $8.97. The company’s fifty day moving average price is $7.87 and its 200 day moving average price is $7.93. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.06 and a current ratio of 1.38.

Analyst Ratings Changes

A number of research firms have recently issued reports on CTTAY. Sanford C. Bernstein raised shares of Continental from a “market perform” rating to an “outperform” rating in a research report on Thursday, October 8th. Oddo Bhf raised Continental from a “neutral” rating to an “outperform” rating in a research note on Thursday, September 3rd. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Continental Company Profile

Continental AG is a Germany-based technology and automotive supplier whose products and services support vehicle manufacturers, commercial transportation companies and industrial customers. The company develops vehicle systems and components, tires, and products made from rubber and other technical materials.

Its automotive activities include electronic systems, safety and motion-control technologies, software, displays, sensors and other components used in passenger vehicles and commercial vehicles.